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228 S 4th Street
Santa Paula CA 93060 US

$1,000,000

Active Listing ID 224005007
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4 bed
bath icon
4.00 Bath
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Lot: 0.16 Acres
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Other

$1,000,000

Active Listing ID 224005007
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228 S 4th Street 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.

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Property Features

  • Facts
  • Lot Size: 0.16 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • 3/4 Bathrooms: 4

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 1000000
  • unparsedaddress: 228 S 4th Street
  • postalcity: Santa Paula
  • stateorprovince: CA
  • country: US
  • postalcode: 93060
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 4
  • lotsizeacres: 0.159986225895317
  • lotsizeunits: Acres
  • lotsizearea: 0.159986
  • livingarea: 1924
  • livingareaunits: Square Feet
  • latitude: 34.348414
  • longitude: -119.067877
  • 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: 1927
  • listingcontractdate: 2024-12-20
  • listagenturl: http://www.CallRicardoSalazar.com
  • countyorparish: Ventura
  • parcelnumber: 1030211175
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 1
  • parkingtotal: 4
  • parkingfeatures: Assigned, Garage, Garage - Detached
  • waterfrontyn: False
  • architecturalstyle: Other
  • rooms: Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -119.06788, 34.348415
  • 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/228-S-4th-St_Santa-Paula_CA_93060_M28503-37784?f=listhub&s=CSMAORCA&m=224005007&c=rexren", "MLSModificationTimestamp":"2024-12-20T10:14:12Z", "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.