220 Palm Avenue, Santa Paula, CA 93060
-
Listed Price :
$1,150,000
-
Beds :
6
-
Baths :
6
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Property Size :
3,608 sqft
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Year Built :
1979
Property Description
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! The seller is offering two additional properties as part of a bundle sale: (608 E. Main Street, Santa Paula), and (224 S. 4th Street, Santa Paula). 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!
Interior Features
| Laundry Information |
| Location(s) |
Common Area, Outside |
| Bedroom Information |
| Bedrooms |
6 |
| Bathroom Information |
| Bathrooms |
6 |
Listing Information
| Address |
220 Palm Avenue |
| City |
Santa Paula |
| State |
CA |
| Zip |
93060 |
| County |
Ventura |
| Listing Agent |
Ricardo Salazar DRE #01897150 |
| Courtesy Of |
EXP Realty of California Inc |
| List Price |
$1,150,000 |
| Status |
Active |
| Type |
Residential Income |
| Structure Size |
3,608 |
| Lot Size |
6,534 |
| Year Built |
1979 |
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 3:51 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.
