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Listed by Ricardo Salazar • EXP Realty of California Inc
$ 1,100,000
Est. payment /mo
Exclusive Listing
Active
228 S 4th Street Santa Paula, CA 93060
4 Beds
4 Baths
1,924 SqFt
UPDATED:
01/14/2025 01:33 AM
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 1,924 sqft
Price per Sqft $571
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! 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.
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.
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