220 South Palm Avenue

Santa Paula, CA 93060

$1,150,000
Price
6
Beds
3
Baths
3
1/2 Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Prime Triplex Investment Opportunity in Santa Paula! Discover the potential of this three-unit townhouse-style triplex located at 220 South Palm Avenue, in Santa Paula. Each spacious unit features two bedrooms, 1.5 baths, and a two-story layout, offering both functionality and comfort for tenants. This property is an investor's dream, with an opportunity to increase rents by up to 8.8%, the pro-forma annual gross rents are projected at approximately $83,700. Each unit is equipped with separate electrical...Prime Triplex Investment Opportunity in Santa Paula! Discover the potential of this three-unit townhouse-style triplex located at 220 South Palm Avenue, in Santa Paula. Each spacious unit features two bedrooms, 1.5 baths, and a two-story layout, offering both functionality and comfort for tenants. This property is an investor's dream, with an opportunity to increase rents by up to 8.8%, the pro-forma annual gross rents are projected at approximately $83,700. Each unit is equipped with separate electrical and gas meters, while the property shares one water meter and sewer bill, optimizing operational efficiency. Additionally, a coin-operated laundry room adds convenience and extra income potential. Current rental arrangements are all month-to-month, except for one unit (224), which is secured under a HUD annual contractt, ensuring stability in your investment. Conveniently located near Santa Paula Airport, restaurants, and with easy access to the 126 Freeway, this property offers a prime location for tenants and owners alike. Whether you're looking to maximize rental income or live in one unit while renting out the other two, this triplex provides endless possibilities. Bonus Opportunity! The seller is offering two additional properties as part of a bundle sale: (608 E. Main Street, Santa Paula), and (224 S. 4th Street, Santa Paula). Don't miss this rare chance to acquire three income-generating properties as a package deal. Invest in Santa Paula's thriving rental market today!
  1. Listed by Ricardo Salazar • DRE #01897150 • EXP Realty of California Inc

Property Details for 220 South Palm Avenue

Zoning
R-2D
Property Attached YN
true
Parcel Number
1050090305
Total Units
3.0
Living Area
3608
Area
Santa Paula (SPL) (L)
Lot Size Area
6534
Source Lot Size Area
404
LISTING UPDATED: 12/20/2024 08:58 AM

Property Details for 220 South Palm Avenue

StatusActive
MLS #224005006VC
Days on Market10
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1979
Lot Size0.15 AC / 6,534 SF
CountyVentura County

Building Information for 220 South Palm Avenue

Stories2Residences-Year Built1979Building Size-Lot Size0.15 AC / 6,534 SF

Property Information for 220 South Palm Avenue

Community / Development
Community / Development
  • Number Of Units: 3
  • Senior Community: No
Structure Info
Structure Info
  • Building Type: Attached
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • View: No
  • Guest House: None
  • Water Heater Features: Gas
Contract Info
Contract Info
  • Disclosures: Property As Is
  • Service Level: Full Service
Land / Lot Info
Land / Lot Info
  • Land Lease Type: Fee
  • Land Lease: No
  • Land Lease Amount Per Year: $.00
  • Lot Acreage: 0.0
  • Lot Size Square Feet: 6534
  • Telephone: 0.0
  • Cable: 0.0
Parking Details
Parking Details
  • Parking Garage: Assigned, Carport
  • Total Parking: 6
  • Garage Spaces Total: 0
  • Carport Spaces Total: 0
  • Number Of Remote Controls: 0.0
  • Parking Features: Assigned, Carport
Interior Features
Interior Features
  • Levels: Two
  • Fireplace: No
  • Flooring: Other
  • Equipment: Community, Outside
  • Laundry: Community, Outside
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Spa: No
  • Entry Location: Ground Level w/Steps
Lease Terms
Lease Terms
  • Entry Date: 12-20-2024
  • Listing Terms: Cash, Conventional
  • Tenant Pays: Electricity, Gas
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
Unit Details
  • Number of Electric Meters: 3
  • Number of Gas Meters: 3
  • Number Leased: 3
  • Number Water Meters: 1

Property History for 220 South Palm Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 220 South Palm Avenue

Taxable ValueLand$121,956Additions$197,023Total$318,979
Tax Record2024$3,750 ($312 / month)
Home Facts
Total Finished SqFt3,608 SqFtAbove Grade Finished SqFt3,608 SqFtLot Size6,534 SqFtStyleTriplexYear Built1979ZoningR-2DCountyVENTURAAPN105-0-090-305

Schools near 220 South Palm Avenue

This home is within Santa Paula Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Glen City Elementary
PublicK to 5

Isbell Middle
Public6 to 8

Santa Paula High
Public9 to 12

Renaissance High
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

220 South Palm Avenue is a multi-family home for sale in Santa Paula, CA 93060. This property was listed for sale on December 20, 2024 by EXP Realty of California Inc, it's currently listed at $1,150,000. This listing's school district is Santa Paula Unified School District. Nearby schools include Glen City Elementary, Isbell Middle and Santa Paula High. 220 South Palm Avenue is a 6-bed, 4.5-bath, multi-family home built in 1979.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of EXP Realty of California Inc, Ricardo Salazar, DRE #01897150

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.