116 S 7th ST Santa Paula, CA 93060
Active
$1,850,000
9 Units
10 Beds
9 Baths
5,295 Area(sq.ft.)
15,681 Lot Size(sq.ft.)
Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
---|---|---|---|---|---|---|---|
No data available in table | |||||||
0 | 0 | $ 0 | $ 0 | $ 0 |
MLS #: | P1-20630PF |
Days On Market: | 5 |
County: | Ventura County |
Property Type: | Residential Income |
Price per ft2: | $ 349 |
Price per unit: | $ 205,556 |
Year Built: | 1910 |
Property Details
Excellent opportunity to purchase a nine (9) unit investment property with a significant upside in rental income. 116 S 7th St is a unique mix of 9 units consisting of 5 units in one building, three units as a triplex, and one detached unit. This property is located in the desirable downtown Santa Paula area across the street from the historic theatre. It provides a tremendous opportunity for an investor to acquire pride in ownership of an asset that has upside potential in increasing rents with the potential of adding ADUs to the property. A great opportunity to boost future rental revenue and income stream, raising the overall value of the investment. Buyer to verify with the city for associated ADU requirements. The property consists of one studio, seven (7) 1 bed/1 bath, and one (1) 3 bath/1 bath. Most tenants are on a month-to-month basis, and units are separately metered for gas and electricity. The property is within a short distance to public transportation, in addition to nearby retail shops and businesses.Interested in this Listing?
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Income Details
Rent Control: | False |
Total Annual Expense: | $ 47,992 |
Net Operating Income: | $ 107,708 |
Structure
Community Features: | Curbs |
Sewer: | Public Sewer |
View Description: | None |
Water: | Public |
Land & Parking
Land Lease Type: | Fee |
Total Parking: | 10 |
Interior
AC/Cooling: | None |
Laundry: | None |
Exterior
Pool: | No |
Spa: | No |
Detailed Map
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