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.
Property Details
Price:
$1,050,000
MLS #:
224005008
Status:
Active
Baths:
0
Address:
608 Main Street
Type:
Residential Income
Neighborhood:
splsantapaula
City:
Santa Paula
Listed Date:
Dec 20, 2024
State:
CA
ZIP:
93060
Lot Size:
9,720 sqft / 0.22 acres (approx)
Year Built:
1936
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Schools
Interior
Exterior
Garage Spaces
0.00
Parking Features
Pull-through
Parking Spots
0.00
Stories Total
1
Financial
Tenant Pays
Electricity, Gas
Map
Community
- Address608 Main 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.
608 Main Street
Santa Paula, CA
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