228 4th ST Santa Paula, CA 93060

Active

$1,000,000

4 Units

4 Beds

4 Baths

n/a Area(sq.ft.)

6,969 Lot Size(sq.ft.)

Type	# of Units	Bedroom	Bath	Furnished	Rent	Actual Rent	Projected Rent
0	0				$ 0	$ 0	$ 0

MLS #:	224005007VC
Days On Market:	0
County:	Ventura County
Property Type:	Residential Income
Price per unit:	$ 250,000
Year Built:	1927

Income Details / Structure / Land & Parking / Interior Features / Exterior Features

Property Details

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.