Description
Fourplex with commercial unit + adu potential - a prime investment opportunity!this versatile fourplex offers a unique blend of residential and commercial income potential, making it an excellent addition to any investment portfolio. the property features a commercial unit fronting main street for maximum visibility, a single-family residence with two bedrooms and one bathroom ideal for owner-occupancy or rental income, and two duplex units, each offering one-bedroom and one-bathroom layouts that provide stable residential rental income. current rental arrangements are all month-to-month, except unit 608(a) is secured with an annual hud lease, ensuring consistent returns.*** with pro-forma gross annual rents projected at approximately $87,600*** this property highlights significant income potential. it boasts separate gas and electrical meters for efficient utility management, along with two water meters and two sewer accounts for streamlined billing. a detached garage at the rear of the property offers added storage or rental opportunities if converted, while the expansive lot, measuring approximately 9,720 square feet, presents the potential to add 1-2 accessory dwelling units (adus) to further enhance rrevenue.located in a prime area near the santa paula airport, popular restaurants, and providing easy access to the 126 freeway, this property is ideally positioned for both tenants and owners. * * * bonus opportunity! seller is also offering for sale, separately: (228 s. 4th st, santa paula), and (220 s. palm ave, santa paula). don't miss this rare chance to acquire three income-generating properties.invest in santa paula's thriving rental market today! whether you're looking to live in one unit and rent the others or simply expand your portfolio, this fourplex represents an exceptional investment opportunity.*** (pro-forma rents; ~$7,300/month, ~$87,600/year)***
Property Type
Residential IncomeCounty
VenturaStyle
Residential IncomeAD ID
48144210
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Property Details
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Interior Features
Bedroom Information
- Total Bedrooms : 4
Bathroom Information
- Total Baths: 4
- Full Baths: 0
- Half Baths: 0
Cooling Features
- Air Conditioning
Fireplace
- Has Fireplace: 0
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Exterior Features
Building Information
- Year Built: 1936
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Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 0.2231
- Lot Size Source: Estimated
- Lot Size Square Feet: 9720
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Listing Information
Listing Price Information
- Original List Price: 1,050,000
- Listing Contract Date: 2024-12-20
Lease Information
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Taxes / Assessments
Tax Information
- Parcel Number: 1030220365
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Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
- Garage Description: Pull-through
Homeowners Association
Rental Info
- Lease Term: Negotiable
- Tenant Pays: Electricity,Gas
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School, Utilities & Location Details
Other Property Info
- Source Listing Status: Active
- Source Neighborhood: SPL - Santa Paula
- Directions: Please use Navigating App.
- Zoning: C2
- Source Property Type: Residential Income
- Area: SPL - Santa Paula
Building and Construction
- Property Age: 89
- Year Built Source: Assessor
- Total Square Feet Living: 2253
- Entry Location: Ground Level w/Steps
- Property Attached: Yes
- Levels or Stories: One
- Building Total Stories: 1
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BuyOwner last updated this listing 02/23/2025 @ 03:08
- MLS: 224005008
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Home, with 4 bedrooms which is for sale, it has 2,253 sqft, 9,720 sized lot, and 0 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Santa Paula , in zip code 93060, this Ventura County Home are nearby neighborhoods.