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!
Property Details
Price:
$1,150,000
MLS #:
224005006
Status:
Active
Baths:
0
Address:
220 Palm Avenue
Type:
Residential Income
Neighborhood:
splsantapaula
City:
Santa Paula
Listed Date:
Dec 20, 2024
State:
CA
ZIP:
93060
Lot Size:
6,534 sqft / 0.15 acres (approx)
Year Built:
1979
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Schools
Interior
Appliances
Gas Water Heater, Water Heater
Exterior
Garage Spaces
0.00
Parking Features
Assigned, Carport
Parking Spots
6.00
Stories Total
2
Financial
Tenant Pays
Electricity, Trash Collection, Gas
Map
Community
- Address220 Palm Avenue Santa Paula CA
- AreaSPL – Santa Paula
- CitySanta Paula
- CountyVentura
- Zip Code93060
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Courtesy of EXP Realty of California Inc. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. California Regional Multiple Listing Service. All rights reserved.
220 Palm Avenue
Santa Paula, CA
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