Homes for sale - 228 4th ST, Santa Paula, CA 93060

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Tracy Thrower Conyers

team@homesforsalebeachcities.com +1(424) 229-1634

$1,000,000

Est. payment - /mo

4 Beds

4 Baths

1,924 SqFt

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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

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Listed by Ricardo Salazar • EXP Realty of California Inc

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Tracy Thrower Conyers

+1(424) 229-1634

Broker Associate, JD | License ID: 01712960

Broker Associate, JD License ID: 01712960

228 4th ST Santa Paula, CA 93060

Tracy Thrower Conyers

Key Details

Location

Interior

Exterior

Building

Others