608 E Main Street
Santa Paula, CA 93060
2253 sqft | 4 beds | 0.22 acres | #225001575
Description
Fourplex with Commercial Unit + ADU Potential - A Prime Investment Opportunity!This versatile fourplex offers a unique blend of residential and commercial income potential, making it an excellent addition to any investment portfolio. The property features a commercial unit fronting Main Street for maximum visibility, a single-family residence with two bedrooms and one bathroom ideal for owner-occupancy or rental income, and two duplex units, each offering one-bedroom and one-bathroom layouts that provide stable residential rental income. Current rental arrangements are all month-to-month, except Unit 608(A) is secured with an annual HUD lease, ensuring consistent returns.*** With Pro-Forma gross annual rents projected at approximately $87,600*** this property highlights significant income potential. It boasts separate gas and electrical meters for efficient utility management, along with two water meters and two sewer accounts for streamlined billing. A detached garage at the rear of the property offers added storage or rental opportunities if converted, while the expansive lot, measuring approximately 9,720 square feet, presents the potential to add 1-2 accessory dwelling units (ADUs) to further enhance rrevenue.Located in a prime area near the Santa Paula Airport, popular restaurants, and providing easy access to the 126 Freeway, this property is ideally positioned for both tenants and owners. * * * BONUS Opportunity! Seller is also offering for sale, separately: (228 S. 4th St, Santa Paula), and (220 S. Palm Ave, Santa Paula). Don't miss this rare chance to acquire three income-generating properties.Invest in Santa Paula's thriving rental market today! Whether you're looking to live in one unit and rent the others or simply expand your portfolio, this fourplex represents an exceptional investment opportunity.*** (PRO-FORMA Rents; ~$7,300/month, ~$87,600/year)***
Property Details
- Property SubtypeResidential
- Original List Price$1,050,000
- MLS #225001575
- MLS #225001575
- Property TypePurchase
- CountyVentura
- Cost1050000
- Acres0.2231
- Square Feet2253
- Year Built1936
- Bedrooms4
- 3/4 Baths4
- Stories1
Location
Legal
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Ricardo Salazar (#VCR-C159098825)
Listing Office: eXp Realty of California Inc (#VCR-CB3182001)
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