Exceptional Fourplex with ADU Potential - Prime Investment Opportunity!This income-generating fourplex presents a rare chance for both seasoned and first-time investors to expand their portfolio. Featuring two duplexes, the property includes:Two 1-bedroom, 1-bath units and two studio units. Units 228(1/2) and 230(1/2): Situated above four one-car garages, adding tenant convenience and potential additional rrevenue.Pro-Forma Annual Gross Rents projected at $76,800, highlighting room for growth based on current rents from two of the four units.Key Features: Individual electrical and gas meters for each tenant simplifies management and billing. Potentially add two Accessory Dwelling Units (ADUs), significantly increasing rental income. Month-to-Month Leases offer flexibility for future rental adjustments to maximize returns.Strong Cash Flow: This property is designed to generate reliable income with upside potential.Prime Location:Conveniently located near the Santa Paula Airport, local restaurants, and with easy access to the 126 Freeway, this property offers a sought-after location for tenants while ensuring long-term rental demand.Bonus Opportunity:The seller is offering two additional income-producing properties as part of a bundle sale: (608 E Main St, Santa Paula) and (220 S Palm Ave, Santa Paula). This is a unique opportunity to acquire three income-generating properties as a package deal, further diversifying your investment portfolio.Don't miss your chance to invest in Santa Paula's thriving rental market.
Property Type(s):
Residential Income
|
Last Updated
|
12/20/2024
|
Year Built
|
1927
|
|
Community
|
Santa Paula
|
Garage Spaces
|
4.0
|
|
County
|
Ventura
|
Additional Details
| AIR CONDITIONING |
Yes |
| AREA |
Santa Paula |
| GARAGE |
Assigned, Door-Single, Garage, Yes |
| LOT |
6969 sq ft |
| PARKING |
Assigned,Door-Single,Garage |
| STORIES |
1 |
| ZONING |
R-2D |
Location
Listed with EXP Realty of California Inc
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