228 4Th Street, Santa Paula, CA 93060
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Listed Price :
$1,000,000
-
Beds :
4
-
Baths :
4
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Property Size :
1,924 sqft
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Year Built :
1927
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: $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.
Interior Features
| Bedroom Information |
| Bedrooms |
4 |
| Bathroom Information |
| Bathrooms |
4 |
Listing Information
| Address |
228 4Th Street |
| City |
Santa Paula |
| State |
CA |
| Zip |
93060 |
| County |
Ventura |
| Listing Agent |
Ricardo Salazar DRE #01897150 |
| Courtesy Of |
EXP Realty of California Inc |
| List Price |
$1,000,000 |
| Status |
Active |
| Type |
Residential Income |
| Structure Size |
1,924 |
| Lot Size |
6,969 |
| Year Built |
1927 |
Listing information courtesy of: Ricardo Salazar, EXP Realty of California Inc. *Based on information from the Association of REALTORS/Multiple Listing as of Dec 20th, 2024 at 4:04 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
