15
See all 15 photos
$1,150,000
Est. payment /mo
6 BD
6 BA
3,608 SqFt
Active
220 Palm AVE Santa Paula, CA 93060
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UPDATED:
12/20/2024 03:51 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,608 sqft
Price per Sqft $318
MLS Listing ID 224005006
Bedrooms 6
Half Baths 3
Three Quarter Bath 3
HOA Y/N No
Year Built 1979
Lot Size 6,534 Sqft
Property Description
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!
Location
State CA
County Ventura
Area Spl - Santa Paula
Zoning R-2D
Interior
Fireplace No
Appliance Gas Water Heater, Water Heater
Laundry Common Area, Outside
Exterior
Parking Features Assigned, Carport
Carport Spaces 6
View Y/N No
Total Parking Spaces 6
Private Pool No
Building
Story 2
Entry Level Two
Level or Stories Two
Others
Senior Community No
Tax ID 1050090305
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
Listed by Ricardo Salazar • EXP Realty of California Inc