Property Description

Fourplex with Commercial Unit + ADU Potential – A Prime Investment Opportunity!This versatile fourplex offers a unique blend of residential and commercial income potential, making it an excellent addition to any investment portfolio. The property features a commercial unit fronting Main Street for maximum visibility, a single-family residence with two bedrooms and one bathroom ideal for owner-occupancy or rental income, and two duplex units, each offering one-bedroom and one-bathroom layouts that provide stable residential rental income. Current rental arrangements are all month-to-month, except Unit 608(A) is secured with an annual HUD lease, ensuring consistent returns.*** With Pro-Forma gross annual rents projected at approximately $87,600*** this property highlights significant income potential. It boasts separate gas and electrical meters for efficient utility management, along with two water meters and two sewer accounts for streamlined billing. A detached garage at the rear of the property offers added storage or rental opportunities if converted, while the expansive lot, measuring approximately 9,720 square feet, presents the potential to add 1-2 accessory dwelling units (ADUs) to further enhance rrevenue.Located in a prime area near the Santa Paula Airport, popular restaurants, and providing easy access to the 126 Freeway, this property is ideally positioned for both tenants and owners. * * * BONUS Opportunity! Seller is also offering for sale, separately: (228 S. 4th St, Santa Paula), and (220 S. Palm Ave, Santa Paula). Don’t miss this rare chance to acquire three income-generating properties.Invest in Santa Paula’s thriving rental market today! Whether you’re looking to live in one unit and rent the others or simply expand your portfolio, this fourplex represents an exceptional investment opportunity.*** (PRO-FORMA Rents; ~$7,300/month, ~$87,600/year)***

Features
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MLS Addon
c2
1030220365
9,720
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Arlington
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: Standard
01/04/2025 15:21:54
Listing courtesy of
eXp Realty of California Inc
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Residential For Sale

608 MainStreet, Santa Paula, California, 93060

4 Bedrooms
2,253 Sqft
Visits : 1 in 1 days
$1,050,000
Listing ID #225001575
Basic Details
Status : Active
Listing Type : For Sale
Property Type : Residential
Property SubType : Single Family Residence
Price : $1,050,000
Price Per Square Foot : $466
Square Footage : 2,253 Sqft
Lot Area : 0.22 Sqft
Year Built : 1936
View : Mountain(s)
Bedrooms : 4
Bathrooms : 4
Bathrooms (3/4) : 4
Listing ID : 225001575
Agent info
Rina Maya
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