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228 4th Street

Santa Paula, CA 93060

– beds
– baths
– sqft
6,969 sqft lot
1927 build
– on site

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! Seller is also offering for sale: (608 E Main St, Santa Paula) and (220 S Palm Ave, Santa Paula). Don't miss this rare chance to acquire three income-generating properties.Don't miss your chance to invest in Santa Paula's thriving rental market.

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

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

MLS# 224005007 —

The Building

Year Built:

1927
Year Built Source:

Assessor
Total Number Of Units:

4
# of Buildings:

2
Stories Total:

1
# of Separate Gas Meters:

4
# of Separate Water Meters:

1
# of Separate Electric Meters:

4

Interior

Levels:

One
Entry Location:

Ground Level w/Steps,Top Level
Fireplace:

No

Location

Directions:

Please use Navigating App.
Latitude:

34.34847700
Longitude:

-119.06771500

The Property

Property Type:

Residential Income
Zoning:

R-2D
Lot Size Area:

6969.0000
Lot Size Acres:

0.1600
Lot Size SqFt:

6969.00
Lot Size Source:

Public Records
Property Attached:

1
Land Lease:

No

Listing Agent

Contact info:

The Listing

Special Listing Conditions:

Standard
Parcel Number:

1030211175

Heating & Cooling

Cooling:

Yes

Appliances

Included:

Yes

The Community

Association:

No
Senior Community:

No
Private Pool:

No

Parking

Parking:

Yes
Parking:

Garage - Single Door, Assigned
Parking Spaces:

4.00
Garage Spaces:

4.00

Extra Units

Average 1 Bed Area:

662
Average Studio Area:

300

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
1/3/25 Jan 3, 2025	Price Changed	CRMLS_CA	$1,100,000	10.0%
12/20/24 Dec 20, 2024	Listed / Active	CRMLS_CA	$1,000,000

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This multifamily located in Santa Paula, CA 93060 is currently for sale for $1,100,000. 228 4th Street 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 12:11 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.