
Santa Paula, California 93060
This triplex represents a Strong Value Opportunity, listed at $1,150,000—positioned above the $1,048,464 Fair Market Value. While the property carries a Condition Rating of 4, it offers a stable, fully occupied income stream with a 6.25% Proforma Cap Rate. The unit mix of one 3-bedroom and two 2-bedroom residences provides diversified rental demand, while the dedicated patio areas and mature fruit trees enhance tenant retention. This asset is best suited for Buy-and-Hold Investors or Value-Add Investors focused on long-term appreciation and portfolio growth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1006 E Ventura Street Subject 0 bd · 0 ba · 3,261 sqft · $322 | $1,150,000* List Price | 0 | 0 | 3,261 | $322 | - |
A 220 S Palm Avenue Active Under Contract 6 bd · 6 ba · 3,608 sqft · $305 · 0.7 mi | $1,100,000 List Price | 6 | 6 | 3,608 | $305 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1910 and shows signs of an older renovation (likely over 20 years ago) with dated finishes such as popcorn ceilings, basic tile flooring, and older laminate kitchen countertops. While functional and currently tenant-occupied, the kitchens and bathrooms are dated and will eventually need cosmetic updates. Systems appear older, utilizing window AC units and ceiling fans rather than modern central HVAC.
This fully occupied triplex offers immediate cash flow with a competitive 6.25% proforma cap rate, providing a diversified income stream in a growing rental market.
The property features a desirable mix of one 3-bedroom/2-bathroom front residence and two 2-bedroom/1.5-bathroom rear units, catering to a wide range of tenant demographics.
Each unit enjoys its own dedicated patio space and access to mature fruit trees, a rare feature for multi-family properties that significantly enhances tenant appeal and retention.
Built in 1910, the property's age may necessitate higher ongoing maintenance costs and potential upgrades to aging infrastructure or utility systems.
The presence of wall-to-wall carpeting and basic tile flooring suggests the interiors may require cosmetic modernization to achieve top-of-market rental rates.
Professional Photos coming soon. A Rare Opportunity to Own Income-Producing Real Estate in the Heart of Santa Paula. Discover the opportunity to own a versatile three-unit property that brings together immediate rental income, functional living spaces, and meaningful long-term potential in one of Ventura County's increasingly desirable rental markets. Positioned in Santa Paula, this fully occupied triplex offers investors the unique ability to combine current cash flow with long-term appreciation potential, while providing three distinct residences designed around the needs of today's renters. The front residence welcomes you with an inviting three-bedroom, two-bathroom floor plan, abundant natural light, and an effortless sense of comfort, creating a warm gathering space enhanced by a ceiling fan and generous space. The kitchen offers tile flooring, a freestanding range and refrigerator, and a dedicated dining area that makes everyday living both practical and inviting. Each residence also enjoys its own dedicated patio area, creating valuable private outdoor space for relaxing, entertaining, or enjoying Santa Paula's mild climate. Select outdoor areas feature mature fruit trees, adding charm and a sense of established residential character. Behind the front residence are two additional two-bedroom, one-and-a-half-bath units, each offering a comfortable and functional layout. Spacious living areas feature tile flooring and ceiling fans, while the kitchens open naturally to dining spaces, creating practical environments for everyday living. Each kitchen includes a freestanding range and refrigerator, with built-in microwaves adding convenience. The bedrooms feature wall-to-wall carpeting and ceiling fans for year-round comfort. Together, the three residences create a compelling multi-family asset with multiple income streams, diversified tenant exposure, and flexible ownership potential. And then there is the location. Santa Paula offers a distinctive blend of small-town character, historic charm, accessible housing, and proximity to the broader Ventura County employment and lifestyle corridor. Residents enjoy convenient access to shopping, dining, schools, parks, and commuter routes, while the community's growing downtown continues to attract interest from residents seeking an alternative to higher-priced coastal markets. Three residences. Multiple income streams. One strategically positioned asset. Proforma Cap Rate 6.25%
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 3,261 | 2,603.5 |
| Lot Size | 8,276 | 6,533.5 |
| Price | $1.15M | $862.5K |
| Price per sq ft | $353 | $344 |
| Built year | 1910 | 1963 |
| HOA | $0 | $0 |
| Days on market | 31 | 113 |
Sep 23, 2026
$1,150,000
Initial Listing
Jul 19, 2016
$277,500
Public Record
Nov 30, 1999
$250,000
Public Record