220 Palm Avenue, Santa Paula, CA 93060
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- MLS#: 224005006 ( )
- Street Address: 220 Palm Avenue
- Viewed: 1
- Price: $1,150,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1979
- Bldg sqft: 0
- Days On Market: 105
- Additional Information
- County: VENTURA
- City: Santa Paula
- Zipcode: 93060
- Provided by: eXp Realty of California Inc
- Contact: Ricardo Ricardo
- DMCA Notice
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DescriptionPrime 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 ~$87,300. 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! Seller is also offering for sale, separately: (228 S. 4th St, Santa Paula) and (608 E Main St, Santa Paula). Don't miss this rare chance to invest in three income generating properties.*** (PRO FORMA Rents; ~$7,275/month, ~$87,300/year)***.
Property Location and Similar Properties
Features
Appliances
- Gas Water Heater
- Water Heater
Carport Spaces
- 6.00
Country
- US
Days On Market
- 84
Entry Location
- Ground Level w/Steps
Garage Spaces
- 0.00
Landleaseamount
- 0.00
Laundry Features
- Outside
- Community
Levels
- Two
Lockboxtype
- None
Otherincome1
- 75.00
Parcel Number
- 1050090305
Parking Features
- Assigned
- Carport
Postalcodeplus4
- 3348
Sourcesystemkey
- 20241219234017604352000000:VCRDS
Tenant Pays
- Electricity
- Trash Collection
- Gas
Year Built
- 1979
Year Built Source
- Assessor
Zoning
- R-2D