$1,000,000

beds

baths

1,924

square ft

228 4th Street

Santa Paula, California 93060

New / MLS #224005007 / Multiple Unit (2-4) / Santa Paula

Listing information updated 12/20/2024 at 10:42am

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: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.

Full Features

Beds Above Grade:

Pool:

Age:

97 Years

Parking Type:

Assigned, Door Single, Garage

Parking Spaces:

Garage:

Garage - 4 Car(s)

Square Feet:

1,924

Lot Size:

6969 Square Feet

Acreage:

0.16

Taxes & Assessments

Tax Amount:

N/A

Tax Year:

N/A

Location

Zip Code:

93060

City:

Santa Paula

County:

Ventura

Schools

Elementary School:

N/A

Middle School:

N/A

High School:

N/A

Beds Above Grade:

Pool:

Age:

97 Years

Parking Type:

Assigned, Door Single, Garage

Parking Spaces:

Garage:

Garage - 4 Car(s)

Square Feet:

1,924

Lot Size:

6969 Square Feet

Acreage:

0.16

Tax Amount:

N/A

Tax Year:

N/A

Zip Code:

93060

City:

Santa Paula

County:

Ventura

Elementary School:

N/A

Middle School:

N/A

High School:

N/A

Listing Office: EXP Realty of California Inc

Disclaimer: Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. 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.