Income Producing Multi Unit Property in Santa Paula’s Historic DistrictA rare opportunity to acquire a three-unit residential investment in one of Santa Paula’s most stable and historically desirable neighborhoods. This property offers diversified rental income, strong tenant demand, and multiple paths for value creation.Investment Highlights Three total units across two structures Front house: 3 bedrooms, 1 bath — ideal for a higher anchor rent or owner occupancy Rear duplex: Two 1 bed/1 bath units — consistently in demand among singles, couples, and local workforce renters On site parking for first-come, first-served — a premium amenity in the historic district Low vacancy location with long term tenant stability Multiple income streams on one parcel, reducing risk exposureOperational Advantages Separate structures create privacy, reducing tenant friction and turnover Straightforward layouts that are easy to maintain Strong rental comps in the area for both 1 bed and 3 bed units Potential to increase rents, modernize interiors, or reposition the front house for premium returnsMarket & Location Strength Situated in Santa Paula’s historic district, known for charm, walkability, and steady rental demand Close to downtown amenities, employment centers, schools, and transit Area continues to see rising interest from investors seeking stable, supply constrained marketsUpside Potential Value add opportunities through cosmetic upgrades Potential for improved operating efficiency and stronger year over year cash flow
Property Details
Price:
$899,000
MLS #:
V1-36040
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subdivision:
Historic District – 0516
Neighborhood:
splsantapaula
Listed Date:
Apr 27, 2026
Total Sq Ft:
2,281
Lot Size:
6,098 sqft / 0.14 acres (approx)
Year Built:
1900
See this Listing
Schools
Interior
Appliances
GR
Cooling
NO
Flooring
TILE, VINY
Heating
WL
Laundry Features
OUT
Exterior
Architectural Style
COT
Common Walls
_1CW
Community Features
SDW
Construction Materials
STC
Direction Faces
W
Fencing
CH
Parking Spots
2
Parking Total
2
Roof
CMP
Security Features
SD, COD
Spa Features
NO
View
NO
Financial
Map
Community
- Address321 Walnut ST Santa Paula CA
- SubdivisionHistoric District – 0516
- CitySanta Paula
- CountyVentura
- Zip Code93060
Subdivisions in Santa Paula
Market Summary
Current real estate data for Single Family in Santa Paula as of Jun 06, 2026
72
Single Family Listed
78
Avg DOM
554
Avg $ / SqFt
$1,440,961
Avg List Price
Property Summary
- Located in the Historic District – 0516 subdivision, 321 Walnut ST Santa Paula CA is a Single Family for sale in Santa Paula, CA, 93060. It is listed for $899,000 and features 0 beds, 0 baths, and has approximately 0 square feet of living space, and was originally constructed in 1900. The average price per square foot for Single Family listings in Santa Paula is $554. The average listing price for Single Family in Santa Paula is $1,440,961.
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321 Walnut ST
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