608 East Main Street
$1,050,000
4
4
—
—
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New
Description
Fourplex with Commercial Unit and ADU Potential - A Prime Investment Opportunity! This versatile fourplex offers a unique blend of residential and commercial income potential, making it an excellent addition to any investment portfolio. The property features a commercial unit fronting Main Street for maximum visibility, a single-family residence with two bedrooms and one bathroom ideal for owner-occupancy or rental income, and two duplex units, each offering one-bedroom and one-bathroom layouts that...Fourplex with Commercial Unit and ADU Potential - A Prime Investment Opportunity! This versatile fourplex offers a unique blend of residential and commercial income potential, making it an excellent addition to any investment portfolio. The property features a commercial unit fronting Main Street for maximum visibility, a single-family residence with two bedrooms and one bathroom ideal for owner-occupancy or rental income, and two duplex units, each offering one-bedroom and one-bathroom layouts that provide stable residential rental income. Current rental arrangements are all month-to-month, except Unit 608(A) is secured with an annual HUD lease, ensuring consistent returns. With pro-forma gross annual rents projected at approximately $76,800, this property highlights significant income potential. It boasts separate gas and electrical meters for efficient utility management, along with two water meters and two sewer accounts for streamlined billing. A detached garage at the rear of the property offers added storage or rental opportunities if converted, while the expansive lot, measuring approximately 9,720 square feet, presents the potential to add two accessory dwelling units (ADUs) to further enhance rrevenue. Located in a prime area near the Santa Paula Airport, popular restaurants, and providing easy access to the 126 Freeway, this property is ideally positioned for both tenants and owners. Bonus Opportunity! The seller is offering two additional properties as part of a bundle sale: (228 S. 4th St, Santa Paula), and (220 S. Palm Ave, 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! Whether you're looking to live in one unit and rent the others or simply expand your portfolio, this fourplex represents an exceptional investment opportunity.
- Listed by Ricardo Salazar • DRE #01897150 • EXP Realty of California Inc
Property Details for 608 East Main Street
Zoning
C2
Property Attached YNtrue
Parcel Number1030220365
Total Units4.0
Living Area2253
AreaSanta Paula (SPL) (L)
Lot Size Area9720
Source Lot Size AreaEstimated
LISTING UPDATED: 12/20/2024 09:29 AM
Property Details for 608 East Main Street
Status | Active |
---|---|
MLS # | 224005008VC |
Days on Market | 1 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1936 |
Lot Size | 0.22 AC / 9,720 SF |
County | Ventura County |
Building Information for 608 East Main Street
Stories1Residences-Year Built1936Building Size-Lot Size0.22 AC / 9,720 SF
Property Information for 608 East Main Street
Property History for 608 East Main 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 608 East Main Street
Taxable ValueLand$144,823Additions$123,092Total$267,915
Tax Record2024$3,163 ($264 / month)
Home Facts
Total Finished SqFt2,253 SqFtAbove Grade Finished SqFt2,253 SqFtLot Size8,276 SqFtStyleMulti-Family Dwelling (2-4)Year Built1936ZoningC2CountyVENTURAAPN103-0-220-365
Schools near 608 East Main 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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