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Exceptional Fourplex with ADU Potential - Prime Investment Opportunity!This income-generating fourplex presents a rare chance for both seasoned and first-time investors to expand their portfolio. Featuring two duplexes, the property includes:Two 1-bedroom, 1-bath units and two studio units. Units 228(1/2) and 230(1/2): Situated above four one-car garages, adding tenant convenience and potential additional rrevenue.Pro-Forma Annual Gross Rents projected at ~$84,000/year, highlighting room for growth based on current rents from two of the four units.Key Features: Individual electrical and gas meters for each tenant simplifies management and billing. Potentially add two Accessory Dwelling Units (ADUs), significantly increasing rental income. Month-to-Month Leases offer flexibility for future rental adjustments to maximize returns.Strong Cash Flow: This property is designed to generate reliable income with upside potential.Prime Location:Conveniently located near the Santa Paula Airport, local restaurants, and with easy access to the 126 Freeway, this property offers a sought-after location for tenants while ensuring long-term rental demand.BONUS Opportunity! Seller is also offering for sale, separately: (608 E Main St, Santa Paula) and (220 S Palm Ave, Santa Paula). Don't miss this rare chance to acquire three income-generating properties.*** (PRO-FORMA Rents; ~$7,000/month, ~$84,000/year)***
Property Type(s):
Residential Income
| Last Updated | 1/8/2025 | Year Built | 1927 |
|---|---|---|---|
| Community | Santa Paula | Garage Spaces | 4.0 |
| County | Ventura |
Price History
| Prior to Jan 3, '25 | $1,000,000 |
|---|---|
| Jan 3, '25 - Today | $1,100,000 |
Additional Details
| AIR CONDITIONING | Yes |
|---|---|
| AREA | Santa Paula |
| GARAGE | Assigned, Door-Single, Garage, Yes |
| LOT | 6969 sq ft |
| PARKING | Assigned,Door-Single,Garage |
| STORIES | 1 |
| ZONING | R-2D |
Location
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Listed with eXp Realty of California Inc
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