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Welcome to 435 & 435½ S. Palm Ave, a rare and valuable investment opportunity located in the heart of Santa Paula. This unique property features two detached single-family homes on one lot, each offering 2 bedrooms and 1 bathroom, with a combined total of approximately 1,312 square feet of living space. Set on a generous 6,000 sq ft lot, this versatile property is ideal for investors looking to generate immediate income or for homeowners seeking a multi-generational living setup with future development potential. Each unit is separately metered, and tenants pay all utilities, providing a low-maintenance and cost-efficient investment. Both homes enjoy off-street parking, and although there are no garages, the layout offers convenience and privacy for each household. The property is currently occupied by reliable, long-term tenants, ensuring steady cash flow from day one. What truly sets this property apart is its development potential. With ample lot space and favorable zoning, there's an excellent opportunity to add on to the existing structures or build an Accessory Dwelling Unit (ADU) to further increase rental income or accommodate extended family. Whether you're a seasoned investor looking to expand your portfolio or a savvy buyer exploring multi-unit living with added upside, 435 & 435½ S. Palm Ave offers flexibility, income, and future growth"”all in a charming and well-located Santa Paula neighborhood.
Property Type(s):
Single Family
| Last Updated | 6/24/2025 | Year Built | 1890 |
|---|---|---|---|
| Community | SPL - Santa Paula | County | Ventura |
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | SPL - Santa Paula |
| HEAT | Central |
| INTERIOR | Ceiling Fan(s), Master Downstairs, Open Floorplan |
| LOT | 5663 sq ft |
| LOT DESCRIPTION | Back Yard, Front Yard, Landscaped, Level |
| PARKING | Asphalt, Carport, Driveway, On Street |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 1 |
| UTILITIES | Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
| VIEW | Yes |
| VIEW DESCRIPTION | Neighborhood |
| WATER | Public |
Location
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Listed with Real Broker
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2025.
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