Fourplex with Commercial Unit and 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 $76,800, 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 two 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! The seller is offering two additional properties as part of a bundle sale: (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 as a package deal. 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.
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DAYS ON MARKET
|
2
|
LAST UPDATED
|
12/20/2024
|
|
YEAR BUILT
|
1936
|
COMMUNITY
|
Santa Paula
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|
COUNTY
|
Ventura
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STATUS
|
Active
|
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PROPERTY TYPE(S)
|
Residential Income
|
|
|
| AIR CONDITIONING |
Yes |
| AREA |
Santa Paula |
| GARAGE |
Pull-through |
| LOT |
9720 sq ft |
| PARKING |
Pull-through |
| STORIES |
1 |
| ZONING |
C2 |
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Listed with EXP Realty of California Inc
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from CRMLS as of 12/21/24 7:11 PM PST. The information being provided by CRMLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
This IDX solution is (c) Diverse Solutions 2024.
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