$1,100,000
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228 4th Street Santa Paula, CA 93060
Cluster
Residence
4
Beds
4
Baths
...
Bed/Bath
Sq. Ft.
Property Activity
Time on Site
days
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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 22...8(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! Seller is also offering for sale: (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.Don't miss your chance to invest in Santa Paula's thriving rental market.
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MLS#
224005007
Property Type
Cluster
Bedrooms
4
Bathrooms
4 Three-Qtr
Year Built
1927
Lot Size
0.16
Stories
1.0
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