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 ~$84,000/year, 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, separately: (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.*** (PRO-FORMA Rents; ~$7,000/month, ~$84,000/year)***

Features
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: Garage - Single Door, Assigned
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: Ground Level W/steps, Top Level
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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

228 4thStreet, Santa Paula, California, 93060

4 Bedrooms
1,924 Sqft
Visits : 1 in 1 days
$1,100,000
Listing ID #225001574
Basic Details
Status : Active
Listing Type : For Sale
Property Type : Residential
Property SubType : Single Family Residence
Price : $1,100,000
Price Per Square Foot : $572
Square Footage : 1,924 Sqft
Lot Area : 0.16 Sqft
Year Built : 1927
View : Mountain(s)
Bedrooms : 4
Bathrooms : 4
Bathrooms (3/4) : 4
Listing ID : 225001574
Agent info
Rina Maya
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