220 S Palm Avenue, Santa Paula, California 93060, Santa Paula, 93060 - bed, bath

220 S Palm Avenue, Santa Paula, California 93060 home-pic-0
ACTIVE$1,171,980
220 S Palm Avenue, Santa Paula, California 93060
0Bed
0Bath
3,608Sqft
6,534Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Investment Opportunity: The triplex configuration offers a strong income-producing asset with multiple rental units, ideal for investors.
Top Cons:
Property Age: Built in 1979, the property may require updates to systems or aesthetics to meet modern tenant expectations and maximize rental value.

Compared to the nearby listings

Price:$1.17M vs avg $860.0K (+$311,980)67%
Size:3,608 sqft vs avg sqft67%
Price/sqft:$325 vs avg $067%

More Insights

Built in 1979 (46 years old).
Condition: Built in 1979, the property shows signs of age with some updates that appear to be 15-25 years old. The kitchen features dark, somewhat dated cabinets and basic black appliances. Bathrooms have older vanity lighting and what appears to be older tile flooring. While functional and seemingly maintained, the overall aesthetic and fixtures are outdated, requiring minor updates to meet modern standards and tenant expectations. The wood-look flooring in the living areas is a positive update, but it doesn't elevate the overall condition beyond 'fair' given the other dated elements.
Year Built
1979
Close
-
List price
$1.17M
Original List price
$1.15M
Price/Sqft
$325
HOA
-
Days on market
-
Sold On
-
MLS number
SR25149472
Home ConditionFair
Features
Patio
ViewNeighborhood

About this home

Welcome to 220, 222, and 224 S. Palm Avenue — an exceptional investment opportunity offering three expansive townhouse-style apartment units in a desirable and centrally located neighborhood. With a combined total of approximately 3,608 square feet, each unit spans about 1,200 sq ft and features a thoughtfully designed layout with 2 spacious bedrooms and 1.5 bathrooms, making them highly attractive to long-term tenants seeking both comfort and functionality. Each unit boasts its own private patio area, ideal for outdoor relaxation or entertaining guests. Additional conveniences include individual storage closets and two dedicated carport parking spaces per unit, totaling six covered parking spaces. The townhouse configuration ensures each residence feels more like a private home than a typical apartment, increasing tenant appeal and retention. The property also includes an on-site, coin-operated laundry room that generates consistent additional income. With ample lot space and configuration, there is exciting potential to add an Accessory Dwelling Unit (ADU) for even more rental income or expanded living options. Whether you're a seasoned investor looking to expand your portfolio or a new buyer seeking a strong income-producing asset, this unique triplex offers the perfect blend of size, function, and future upside. Don’t miss this rare chance to own a high-demand rental property in a thriving rental market.

Nearby schools

/10
Santa Paula High School
Public,9-120.6mi
Condition Rating
Fair

Built in 1979, the property shows signs of age with some updates that appear to be 15-25 years old. The kitchen features dark, somewhat dated cabinets and basic black appliances. Bathrooms have older vanity lighting and what appears to be older tile flooring. While functional and seemingly maintained, the overall aesthetic and fixtures are outdated, requiring minor updates to meet modern standards and tenant expectations. The wood-look flooring in the living areas is a positive update, but it doesn't elevate the overall condition beyond 'fair' given the other dated elements.
Pros & Cons

Pros

Investment Opportunity: The triplex configuration offers a strong income-producing asset with multiple rental units, ideal for investors.
ADU Development Potential: Ample lot space provides exciting potential to add an Accessory Dwelling Unit (ADU), significantly increasing future rental income and property value.
Townhouse-Style Units: The townhouse design ensures each residence feels more like a private home, enhancing tenant appeal and retention compared to typical apartments.
Additional Income Streams: An on-site, coin-operated laundry room generates consistent supplementary income, boosting overall profitability.
Tenant-Centric Amenities: Each unit features a private patio, individual storage closets, and two dedicated carport parking spaces, increasing tenant comfort and desirability.

Cons

Property Age: Built in 1979, the property may require updates to systems or aesthetics to meet modern tenant expectations and maximize rental value.
Unspecified Unit Condition: The description lacks details on interior unit upgrades, suggesting potential for significant renovation expenses to modernize or maintain appeal.
Absence of Cooling System: No mention of air conditioning, which could be a significant drawback for tenants during warmer periods, potentially affecting desirability or rental rates.

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