228 4th Street
Santa Paula, CA, 93060
$1,100,000
Beds
0 Baths
SqFt
0.16 Acres
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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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4.00
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Garage – Single Door, Assigned
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4.00
Stories Total
1

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228 4th Street
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