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)***
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| List Price | $1,050,000 |
| Property Type | Fourplex (4-units) |
| Usable Sqft | 2,253 |
| Number of Stories | 1 stories |
| Parking Spots | 0 spots |
| Year Built | 1936 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 1030220365 |
| MLS # | 224005008 |
| Property ID | 321129318 |
| Lot Sqft | 9,720 |
| Zoning | C2 |
| Total Units | 4 |
| Date Updated | April 01, 2025 |
| Date Created | December 20, 2024 |
Ricardo Salazar an agent of . Lic #01897150
© 2025 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of April 01, 2025 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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2708 Wilshire Blvd #197
Santa Monica, CA 90403
California #02062862
Florida #CQ1065233
Robert Crawford
REAL ESTATE AGENT