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$2,691,620

407 N Ojai Road
Santa Paula, California 93060

Closed / MLS #V1-20740 / Multiple Unit (2-4) / Santa Paula
Listing information updated 7/16/2024 at 1:42pm
Completely renovated 'inside and out' in 2022, this 5% cap 8-unit property is situated within a gated community that offers its tenant community privacy and security. With its highly desired individual 3 Bedroom cottage-style units that offer laundry hook-ups, this apartment community has been able to generate generous rents of about $2,400/unit. Its gross annual rent of $232,000 on the asking price of $2,895,000 equates to a 12.5 GRM. Specific property updates include all new electrical, plumbing, interior flooring, walls, bathrooms, and kitchens. This property will undoubtedly appeal to those investors seeking a 'turnkey' investment in the strong rental community of Santa Paula.
Cooling System:
None
Heating System:
Wall Furnace
Pool:
No
Age:
84 Years
Parking Type:
None
Square Feet:
N/A
Lot Size:
17295 Square Feet
Acreage:
0.397
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: Apartment Investment Specialis

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.

$813,678
Average Sale Price
61
Average Days On The Market
97%
Sales Prices VS. List Price
Data represents the community area’s average over the past 12 months. All information deemed reliable, but not guaranteed.
Map of 407 N Ojai Road, Santa Paula, CA 93060

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407 N Ojai Road, Santa Paula, CA 93060 is a multiple unit (2-4) which sold for $2,691,620. This multiple unit (2-4) has been listed on Christie's International Real Estate Sereno since November 3rd, 2023 and was built in 1940.