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220 Palm Avenue

Santa Paula, CA 93060

– beds
– baths
– sqft
6,534 sqft lot
1979 build
– on site

Prime Triplex Investment Opportunity in Santa Paula!Discover the potential of this three-unit townhouse-style triplex located at 220 South Palm Avenue, in Santa Paula. Each spacious unit features two bedrooms, 1.5 baths, and a two-story layout, offering both functionality and comfort for tenants.This property is an investor's dream, with an opportunity to increase rents by up to 8.8%, the pro-forma annual gross rents are projected at approximately $83,700. Each unit is equipped with separate electrical and gas meters, while the property shares one water meter and sewer bill, optimizing operational efficiency. Additionally, a coin-operated laundry room adds convenience and extra income potential.Current rental arrangements are all month-to-month, except for one unit (224), which is secured under a HUD annual contractt, ensuring stability in your investment.Conveniently located near Santa Paula Airport, restaurants, and with easy access to the 126 Freeway, this property offers a prime location for tenants and owners alike. Whether you're looking to maximize rental income or live in one unit while renting out the other two, this triplex provides endless possibilities.BONUS Opportunity! Seller is also offering for sale: (228 S. 4th St, Santa Paula) and (608 E Main St, Santa Paula). Don't miss this rare chance to acquire three income-generating properties.Invest in Santa Paula's thriving rental market today!

Listed By CRMLS_CA / Ricardo Salazar / EXP Realty of California Inc

Last checked: Checking… • Last updated Jan 14, 2025 •

MLS# 224005006 —

The Building

Year Built:

1979
Year Built Source:

Assessor
Total Number Of Units:

3
# of Buildings:

1
Stories Total:

2
# of Separate Gas Meters:

3
# of Separate Water Meters:

1
# of Separate Electric Meters:

3

Interior

Levels:

Two
Entry Location:

Ground Level w/Steps
Fireplace:

No
Laundry:

Outside, Community
Laundry:

1

Location

Directions:

Please use Navigating App.
Latitude:

34.34778700
Longitude:

-119.07034200

The Property

Property Type:

Residential Income
Zoning:

R-2D
Lot Size Area:

6534.0000
Lot Size Acres:

0.1500
Lot Size SqFt:

6534.00
Lot Size Source:

Public Records
Property Attached:

1
Land Lease:

No

Listing Agent

Contact info:

The Listing

Special Listing Conditions:

Standard
Parcel Number:

1050090305

Heating & Cooling

Cooling:

Yes

Appliances

Appliances:

Gas Water Heater, Water Heater
Included:

Yes

The Community

Association:

No
Senior Community:

No
Private Pool:

No

Parking

Parking:

Yes
Parking:

Assigned, Carport
Parking Spaces:

6.00
Carport Spaces:

6.00

Extra Units

Average 2 Bed Area:

1203

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Sale history

Date	Event	Source	Price	% Change
12/20/24 Dec 20, 2024	Listed / Active	CRMLS_CA	$1,150,000

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This multifamily located in Santa Paula, CA 93060 is currently for sale for $1,150,000. 220 Palm Avenue is a – square foot multifamily with – beds and – baths that has been on Estately for 50 days. This multifamily is in the attendance area of Glen City Elementary School, Santa Paula High School, and Isbell Middle School.

Listing Courtesy of: CRMLS_CA and EXP Realty of California Inc. Based on information from California Regional Multiple Listing Service, Inc. as of 11:50 on Feb 08.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.