Excellent opportunity to purchase a nine (9) unit investment property with a significant upside in rental income. 116 S 7th St is a unique mix of 9 units consisting of 5 units in one building, three units as a triplex, and one detached unit. This property is located in the desirable downtown Santa Paula area across the street from the historic theatre. It provides a tremendous opportunity for an investor to acquire pride in ownership of an asset that has upside potential in increasing rents with the potential of adding ADUs to the property. A great opportunity to boost future rental revenue and income stream, raising the overall value of the investment. Buyer to verify with the city for associated ADU requirements. The property consists of one studio, seven (7) 1 bed/1 bath, and one (1) 3 bath/1 bath. Most tenants are on a month-to-month basis, and units are separately metered for gas and electricity. The property is within a short distance to public transportation, in addition to nearby retail shops and businesses.
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! Seller is also offering for 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.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.
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! 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.
Prime Triplex Investment Opportunity in Santa Paula!Discover the potential of this three-unit townhouse-style triplex located at 220 South Palm Avenue, in Santa Paula. Each spacious unit features two bedrooms, 1.5 baths, and a two-story layout, offering both functionality and comfort for tenants.This property is an investor's dream, with an opportunity to increase rents by up to 8.8%, the pro-forma annual gross rents are projected at approximately $83,700. Each unit is equipped with separate electrical and gas meters, while the property shares one water meter and sewer bill, optimizing operational efficiency. Additionally, a coin-operated laundry room adds convenience and extra income potential.Current rental arrangements are all month-to-month, except for one unit (224), which is secured under a HUD annual contractt, ensuring stability in your investment.Conveniently located near Santa Paula Airport, restaurants, and with easy access to the 126 Freeway, this property offers a prime location for tenants and owners alike. Whether you're looking to maximize rental income or live in one unit while renting out the other two, this triplex provides endless possibilities.BONUS Opportunity! Seller is also offering for sale: (228 S. 4th St, Santa Paula) and (608 E Main St, Santa Paula). Don't miss this rare chance to acquire three income-generating properties.Invest in Santa Paula's thriving rental market today!
Courtesy: VIP Real Estate Firm
Charming 7-unit Victorian property offers a unique investment opportunity. Six of the units offer a comfortable living/bedroom area, kitchenette, and bathroom. One of the units, located upstairs, is a studio with a room/kitchenette and bathroom. Six of the units are located within the main house, while one unit is above the detached garage, providing added privacy. A separate laundry room is conveniently located next to the garage. Two car detached garage and a great sized yard. The property's main entrance has a stunning staircase and amazing woodwork. Several units offer multiple points of access for added flexibility. The main house includes three units on the second floor and three on the first floor, making it ideal for a variety of living arrangements.
An amazing Investment Opportunity awaits. Presenting this unique 5-unit property situated in a thriving neighborhood with easy access to essential amenities, cultural attractions, and public transportation. With 5 units, this property promises not just one, but FIVE streams of potential income. The property has four 1+1 units in the front and one permitted detached 2+1 ADU in the back. The ADU has been newly renovated with new windows, new kitchen cabinets, granite counter tops, new flooring, paint, bathroom vanity, custom tiled shower and lighting. There are plenty of parking spaces at the back along with a newly renovated laundry room with new floors, paint, two new washers and two new dryers.The demand for quality multi-family properties is high right now and this property has sustained demand with a high rental occupancy rate. So, whether you are a seasoned investor or exploring multi-unit properties for the first time, this is an opportunity too good to pass up.
Courtesy: Century 21 Everest
Santa Paula is located in California. Santa Paula, California has a population of 30,741. Santa Paula is more family-centric than the surrounding county with 34.12% of the households containing married families with children. The county average for households married with children is 33.07%.
The median household income in Santa Paula, California is $67,697. The median household income for the surrounding county is $94,150 compared to the national median of $69,021. The median age of people living in Santa Paula is 33.7 years.
The average high temperature in July is 77.4 degrees, with an average low temperature in January of 42.9 degrees. The average rainfall is approximately 16.1 inches per year, with 0 inches of snow per year.
