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$ 899,000
Est. payment /mo
Open 6/21 1PM-3PM
321 Walnut Street Santa Paula, CA 93060
4 Beds
2 Baths
6,098 Sqft Lot
Open House
Sun Jun 21, 1:00pm - 3:00pm
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID V1-36040
Bedrooms 4
Lot Size 6,098 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Income Producing Multi Unit Property in Santa Paula's Historic DistrictA rare opportunity to acquire a three-unit residential investment in one of Santa Paula's most stable and historically desirable neighborhoods. This property offers diversified rental income, strong tenant demand, and multiple paths for value creation.Investment Highlights Three total units across two structures Front house: 3 bedrooms, 1 bath -- ideal for a higher anchor rent or owner occupancy Rear duplex: Two 1 bed/1 bath units -- consistently in demand among singles, couples, and local workforce renters On site parking for first-come, first-served -- a premium amenity in the historic district Low vacancy location with long term tenant stability Multiple income streams on one parcel, reducing risk exposureOperational Advantages Separate structures create privacy, reducing tenant friction and turnover Straightforward layouts that are easy to maintain Strong rental comps in the area for both 1 bed and 3 bed units Potential to increase rents, modernize interiors, or reposition the front house for premium returnsMarket & Location Strength Situated in Santa Paula's historic district, known for charm, walkability, and steady rental demand Close to downtown amenities, employment centers, schools, and transit Area continues to see rising interest from investors seeking stable, supply constrained marketsUpside Potential Value add opportunities through cosmetic upgrades Potential for improved operating efficiency and stronger year over year cash flow
Location
State CA
County Ventura
Zoning Assessor
Direction From 126, North on 10th Street, west on Santa Paula Street, north on Walnut by the three story Victorian home
Interior
Fireplace No
Exterior
View Y/N No
Roof Type Composition
Others
Senior Community No
Tax ID 1000165105
Acceptable Financing Conventional, FHA
Listing Terms Conventional, FHA
Listed by Kay Wilson-Bolton, DRE#00577863 eXp Realty of California Inc