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 ~$84,000/year, 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! Seller is also offering for sale, separately: (608 E Main St, Santa Paula) and (220 S Palm Ave, Santa Paula). Don’t miss this rare chance to acquire three income-generating properties.*** (PRO-FORMA Rents; ~$7,000/month, ~$84,000/year)***
Property Details
Price:
$1,100,000
MLS #:
225001574
Status:
Active
Beds:
4
Baths:
4
Address:
228 S 4th Street
Type:
Single Family
Neighborhood:
splsantapaula
City:
Santa Paula
Listed Date:
Apr 1, 2025
State:
CA
Finished Sq Ft:
1,924
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
Map
Community
- Address228 S 4th Street Santa Paula CA
- AreaSPL – Santa Paula
- CitySanta Paula
- CountyVentura
- Zip Code93060
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228 S 4th Street
Santa Paula, CA
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