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$ 1,000,000
Est. payment /mo
New
228 4th ST Santa Paula, CA 93060
4 Beds
4 Baths
1,924 SqFt
UPDATED:
12/20/2024 04:19 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,924 sqft
Price per Sqft $519
MLS Listing ID 224005007
Bedrooms 4
Three Quarter Bath 4
HOA Y/N No
Year Built 1927
Lot Size 6,969 Sqft
Property Description
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 $76,800, 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:The seller is offering two additional income-producing properties as part of a bundle sale: (608 E Main St, Santa Paula) and (220 S Palm Ave, Santa Paula). This is a unique opportunity to acquire three income-generating properties as a package deal, further diversifying your investment portfolio.Don't miss your chance to invest in Santa Paula's thriving rental market.
Location
State CA
County Ventura
Area Spl - Santa Paula
Zoning R-2D
Interior
Fireplace No
Exterior
Parking Features Assigned, Door-Single, Garage
Garage Spaces 4.0
Garage Description 4.0
View Y/N No
Total Parking Spaces 4
Private Pool No
Building
Story 1
Entry Level One
Level or Stories One
Others
Senior Community No
Tax ID 1030211175
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
Listed by Ricardo Salazar • EXP Realty of California Inc