228 South 4th Street
$1,000,000
4
4
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Description
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...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.
- Listed by Ricardo Salazar • DRE #01897150 • EXP Realty of California Inc
Property Details for 228 South 4th Street
Zoning
R-2D
Property Attached YNtrue
Parcel Number1030211175
Total Units4.0
Living Area1924
AreaSanta Paula (SPL) (L)
Lot Size Area6969
Source Lot Size Area404
LISTING UPDATED: 12/20/2024 09:29 AM
Property Details for 228 South 4th Street
Status | Active |
---|---|
MLS # | 224005007VC |
Days on Market | 10 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1927 |
Lot Size | 0.16 AC / 6,969 SF |
County | Ventura County |
Building Information for 228 South 4th Street
Stories1Residences-Year Built1927Building Size-Lot Size0.16 AC / 6,969 SF
Property Information for 228 South 4th Street
Property History for 228 South 4th Street
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 228 South 4th Street
Taxable ValueLand$62,125Additions$145,005Total$207,130
Tax Record2024$2,466 ($206 / month)
Home Facts
Total Finished SqFt1,924 SqFtAbove Grade Finished SqFt1,924 SqFtLot Size6,969 SqFtStyleQuadraplexYear Built1927ZoningR-2DCountyVENTURAAPN103-0-211-175
Schools near 228 South 4th Street
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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