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Listed by Ricardo Salazar • EXP Realty of California Inc
$1,000,000
Est. payment /mo
4 BD
4 BA
1,924 SqFt
New
228 S 4th Street Santa Paula, CA 93060
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UPDATED:
12/20/2024 04:14 PM
Key Details
Property Type Single Family Home
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
Originating Board Conejo Simi Moorpark Association of REALTORS®
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.
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
Interior
Flooring Other
Exterior
Parking Features Garage - 1 Door
Garage Spaces 4.0
View Y/N No
Building
Story 1
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