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220 S Palm Avenue
Santa Paula CA 93060 US

$1,150,000

Active Listing ID 224005006
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6 bed
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6.00 Bath (3 Half)
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Lot: 0.15 Acres
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Other

$1,150,000

Active Listing ID 224005006
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220 S Palm Avenue Prime Triplex Investment Opportunity in Santa Paula!Discover the potential of this three-unit townhouse-style triplex located at 220 South Palm Avenue, in Santa Paula. Each spacious unit features two bedrooms, 1.5 baths, and a two-story layout, offering both functionality and comfort for tenants.This property is an investor's dream, with an opportunity to increase rents by up to 8.8%, the pro-forma annual gross rents are projected at approximately $83, 700. Each unit is equipped with separate electrical and gas meters, while the property shares one water meter and sewer bill, optimizing operational efficiency. Additionally, a coin-operated laundry room adds convenience and extra income potential.Current rental arrangements are all month-to-month, except for one unit (224), which is secured under a HUD annual contractt, ensuring stability in your investment.Conveniently located near Santa Paula Airport, restaurants, and with easy access to the 126 Freeway, this property offers a prime location for tenants and owners alike. Whether you're looking to maximize rental income or live in one unit while renting out the other two, this triplex provides endless possibilities.Bonus Opportunity! The seller is offering two additional properties as part of a bundle sale: (608 E. Main Street, Santa Paula), and (224 S. 4th Street, Santa Paula). Don't miss this rare chance to acquire three income-generating properties as a package deal.Invest in Santa Paula's thriving rental market today!

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Property Features

  • Facts
  • Lot Size: 0.15 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • 3/4 Bathrooms: 3
  • 1/2 Bathrooms: 3
  • Exterior Finish: Private Garage

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 1150000
  • unparsedaddress: 220 S Palm Avenue
  • postalcity: Santa Paula
  • stateorprovince: CA
  • country: US
  • postalcode: 93060
  • bathroomsfull: 0
  • bathroomshalf: 3
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 3
  • lotsizeacres: 0.15
  • lotsizeunits: Acres
  • lotsizearea: 0.15
  • livingarea: 3608
  • livingareaunits: Square Feet
  • latitude: 34.347713
  • longitude: -119.070497
  • listagentfullname: Ricardo Salazar
  • listagentemail: Ricardo.Salazar@exprealty.com
  • listagentkey: 3yd-CSMAORCA-20160917170953680950000000
  • listagentmlsid: 20160917170953680950000000
  • listagentpreferredphone: 8056598622
  • listagentofficephone: 8885849427
  • listofficekey: 3yd-CSMAORCA-20180119214802379583000000
  • listagentstatelicense: 01897150
  • listofficemlsid: 20180119214802379583000000
  • disclaimer: Copyright © 2024 Conejo Simi Moorpark Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: CSMAORCA
  • yearbuilt: 1979
  • listingcontractdate: 2024-12-20
  • listagenturl: http://www.CallRicardoSalazar.com
  • countyorparish: Ventura
  • parcelnumber: 1050090305
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 2
  • parkingtotal: 6
  • parkingfeatures: Assigned, Carport, Garage
  • waterfrontyn: False
  • exteriorfeatures: Private Garage
  • architecturalstyle: Other
  • rooms: Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
  • otherstructures: Garage(s)
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -119.070496, 34.347713
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"eXp Realty of California Inc.", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"Ricardo.Salazar@exprealty.com", "ListBrokerageCity":"San Ramon", "ListBrokerageCountry":"US", "ListBrokerageEmail":"Listhub@exprealty.com", "ListBrokerageLogoUrl":null, "ListBrokerageName":"eXp Realty of California Inc.", "ListBrokeragePhone":"(888) 584-9427 x119", "ListBrokeragePostalCode":"94583", "ListBrokerageStateOrProvince":"CA", "ListBrokerageUnitNumber":"Suite 200", "ListBrokerageUnparsedAddress":"2603 Camino Ramon", "ListBrokerageWebsiteUrl":"https://www.exprealty.com", "ListOfficeAddress1":"2603 Camino Ramon #200", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"20190318221813815989000000", "ListOfficeCity":"San Ramon", "ListOfficeCountry":"US", "ListOfficeEmail":"ca.broker@exprealty.net", "ListOfficePostalCode":"94583", "ListOfficeStateOrProvince":"CA", "ListPriceCurrencyType":"USD", "ListingTitle":"Residential Income - Santa Paula, CA", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/220-S-Palm-Ave_Santa-Paula_CA_93060_M20246-31284?f=listhub&s=CSMAORCA&m=224005006&c=rexren", "MLSModificationTimestamp":"2024-12-20T09:30:21Z", "Neighborhoods":[{"Description":null, "Name":"Santa Paula SW"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 12/20/2024 9:03:48 PM GMT
Source Updated Date: 12/25/2024 6:47:41 AM GMT

Courtesy of: Ricardo Salazar, EXP Realty of California Inc, Ricardo.Salazar@exprealty.com

Copyright © 2024 Conejo Simi Moorpark Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.