228 South 4th Street

Santa Paula, CA 93060

$1,000,000
Price
4
Beds
4
Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.

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.
  1. Listed by Ricardo Salazar • DRE #01897150 • EXP Realty of California Inc

Property Details for 228 South 4th Street

Zoning
R-2D
Property Attached YN
true
Parcel Number
1030211175
Total Units
4.0
Living Area
1924
Area
Santa Paula (SPL) (L)
Lot Size Area
6969
Source Lot Size Area
404
LISTING UPDATED: 12/20/2024 09:29 AM

Property Details for 228 South 4th Street

StatusActive
MLS #224005007VC
Days on Market10
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1927
Lot Size0.16 AC / 6,969 SF
CountyVentura 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

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Building Type: Attached
  • Year Built Source: Assessor
  • Number Of Stories: 1
  • Number Of Buildings: 2
  • View: No
  • Guest House: None
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: 6969
  • Telephone: 0.0
  • Cable: 0.0
Parking Details
Parking Details
  • Parking Garage: Assigned, Garage - 1 Car
  • Total Parking: 4
  • Garage Spaces Total: 4
  • Carport Spaces Total: 0
  • Number Of Remote Controls: 0.0
  • Parking Features: Garage - Single Door, Assigned
Interior Features
Interior Features
  • Levels: One
  • Fireplace: No
  • Flooring: Other
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Spa: No
  • Entry Location: Ground Level w/Steps, Top Level
Lease Terms
Lease Terms
  • Entry Date: 12-20-2024
  • Listing Terms: Cash, Conventional
  • Tenant Pays: Electricity, Gas
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
Unit Details
  • Number of Electric Meters: 4
  • Number of Gas Meters: 4
  • Number Leased: 4
  • Number Water Meters: 1

Property History for 228 South 4th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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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228 South 4th Street 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 $1,000,000. This listing's school district is Santa Paula Unified School District. Nearby schools include Glen City Elementary, Isbell Middle and Santa Paula High. 228 South 4th Street is a 4-bed, 4-bath, multi-family home built in 1927.

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.