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Dion Stallberg

dion@ocexcelgroup.com +1(949) 690-4106

$ 2,950,000

Est. payment | -/mo

0.49 Acres Lot

Save

$ 2,950,000

Est. payment | -/mo

Save

0.49 Acres Lot

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

MLS Listing ID V1-34751

HOA Y/N No

Year Built 1984

Lot Size 0.489 Acres

Property Description

A well-established, multi-family apartment building in an established residential neighborhood walking distance to Santa Paula's historic district. The apartment complex offers stability for an investor, ideal for investors seeking durable cash flow in a supply-constrained Ventura County market. All 10 units are desirable 2 bedroom + 1 bathroom configurations with a strong history of full occupancy. Two of the units have been upgraded and are achieving $2,200 in monthly rent providing a blueprint for an investor willing to capitalize on the upside. A community laundry room provides additional income and could be expanded by adding more machines. Each unit has a covered parking space. Low maintenance landscaping. New roof installed in 2025 with transferrable warranty. Santa Paula currently does not have any additional rent control laws beyond what the State requires. Historic downtown Santa Paula, is only a short walk from the subject property. Downtown Santa Paula boasts numerous restaurants, retail, services, museums and entertainment destinations. The property is served by excellent access to the 150 highway and 126 freeway. Many of Santa Paula's fine schools, parks and sports fields are close by. The City of Santa Paula, and Ventura County overall, continue to be in short supply of housing. The difficulty in permitting new projects throughout Ventura County and financing those developments means existing assets with remodel potential are in higher demand.

Location

State CA

County Ventura

Area Spl - Santa Paula

Interior

Heating None

Cooling None

Fireplace Yes

Appliance Free-Standing Range, Gas Oven

Laundry Laundry Room

Exterior

Parking Features Carport

Pool None

Community Features Biking, Curbs, Hiking, Mountainous, Street Lights, Sidewalks

View Y/N Yes

Total Parking Spaces 18

Private Pool No

Building

Lot Description Lawn

Story 2

Entry Level Two

Level or Stories Two

Others

Senior Community No

Tax ID 1010281295

Energy Description 25.0

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Special Listing Condition Standard

Lease Land No

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Jeff Becker The Becker Group, Inc. info@beckergrp.com, DRE #00881716

NEARBY SCHOOL & BUSINESS

+1(949) 690-4106

dion@ocexcelgroup.com

344 3rd St, Beach, CA, 92651, United States

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1208 E Ventura ST Santa Paula, CA 93060