Silva Babaian  Realtor, Real Estate Agent, Granada Hills, CA

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    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
    • California Regional MLS IDX
    • DMCA Notice
    • 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 ~$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)***.
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    Features
    Appliances
    1. Gas Water Heater
    2. Water Heater
    Carport Spaces
    1. 6.00
    Country
    1. US
    Days On Market
    1. 84
    Entry Location
    1. Ground Level w/Steps
    Garage Spaces
    1. 0.00
    Landleaseamount
    1. 0.00
    Laundry Features
    1. Outside
    2. Community
    Levels
    1. Two
    Lockboxtype
    1. None
    Otherincome1
    1. 75.00
    Parcel Number
    1. 1050090305
    Parking Features
    1. Assigned
    2. Carport
    Postalcodeplus4
    1. 3348
    Sourcesystemkey
    1. 20241219234017604352000000:VCRDS
    Tenant Pays
    1. Electricity
    2. Trash Collection
    3. Gas
    Year Built
    1. 1979
    Year Built Source
    1. Assessor
    Zoning
    1. R-2D
    Headshot for Associate Silva Babaian
    1. Silva Babaian / Realtor
    2. Coldwell Banker Exclusive
    3. CalBRE Lic # 01365805
    4. Mobile: 818.414.6744
    5. Fax: 818.338.5836