220 South Palm Avenue
$1,150,000
6
3
3
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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!
- Listed by Ricardo Salazar • DRE #01897150 • EXP Realty of California Inc
Property Details for 220 South Palm Avenue
Zoning
R-2D
Property Attached YNtrue
Parcel Number1050090305
Total Units3.0
Living Area3608
AreaSanta Paula (SPL) (L)
Lot Size Area6534
Source Lot Size Area404
LISTING UPDATED: 12/20/2024 08:58 AM
Property Details for 220 South Palm Avenue
Status | Active |
---|---|
MLS # | 224005006VC |
Days on Market | 10 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1979 |
Lot Size | 0.15 AC / 6,534 SF |
County | Ventura 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
Property History for 220 South Palm Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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.
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