CA > Santa Paula
Santa Paula, CA 93060,228 4th ST
Santa Paula, CA 93060,228 4th ST
Santa Paula, CA 93060,228 4th ST
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Ernie Caponera

Ernie Caponera

Newport Properties

+1(714) 606-0926
$1,100,000
Est. payment /mo
4 Beds
4 Baths
1,924 SqFt
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UPDATED:

02/20/2025 04:57 AM

Key Details

Property Type Multi-Family

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

HOA Y/N No

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, 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)***

Location

State CA

County Ventura

Area Spl - Santa Paula

Zoning R-2D

Interior

Fireplace No

Exterior

Parking Features Assigned, Door-Single, Garage

Garage Spaces 4.0

Garage Description 4.0

View Y/N No

Total Parking Spaces 4

Private Pool No

Building

Story 1

Entry Level One

Level or Stories One

Others

Senior Community No

Tax ID 1030211175

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Ricardo Salazar • eXp Realty of California Inc
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(714) 606-0926

ernie@newport-properties.com

2747 E COAST HWY Unit 200, CORONA DEL MAR, California, 92625, USA

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