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.
Property Details
Price:
$1,100,000
MLS #:
224005007
Status:
Active
Baths:
0
Address:
228 4th Street
Type:
Residential Income
Neighborhood:
splsantapaula
City:
Santa Paula
Listed Date:
Dec 20, 2024
State:
CA
ZIP:
93060
Lot Size:
6,969 sqft / 0.16 acres (approx)
Year Built:
1927
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Schools
Interior
Exterior
Garage Spaces
4.00
Parking Features
Garage – Single Door, Assigned
Parking Spots
4.00
Stories Total
1
Financial
Tenant Pays
Electricity, Gas
Map
Community
- Address228 4th Street 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.
228 4th Street
Santa Paula, CA
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