This 1920s Value-Add Asset is listed at $559,900, currently positioned above its $468,791 Fair Market Value. Carrying a Condition Rating of 5, the property is a classic fixer-upper requiring substantial rehabilitation and immediate capital investment to address deferred maintenance. The 980 sq. ft. cottage offers Desirable Alley Access and prime walkability to downtown amenities and Santa Paula High School. This project provides a significant opportunity for forced appreciation through creative renovation. It is an ideal acquisition for Fix-and-Flip Investors or Contractors looking to restore a vintage home.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 226 N 10th Street Subject | $559,900* List Price | 2 | 1 | 980 | $478 | - |
A 919 E Virginia Terrace Sold | $501,000 | 2 | 1 | 1,118 | $448 | 0.3 mi |
B 308 Citrus Street Sold | $635,000 | 2 | 1 | 1,221 | $520 | 0.4 mi |
C 201 E Ventura Street Active Under Contract | $650,000 List Price | 2 | 1 | 1,020 | $637 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1920, this property is a classic fixer-upper requiring substantial repairs and rehabilitation. The listing description explicitly advises buyers to 'bring your imagination and tools,' and the property analysis confirms significant deferred maintenance and the need for immediate capital investment. While potentially salvageable, it currently lacks modern updates and likely has aged systems and components well beyond their expected lifespan.
The property is ideally situated within walking distance to downtown Santa Paula's amenities, offering high convenience and a localized lifestyle.
The inclusion of alley access provides significant functional advantages, including flexible parking options and potential for future ADU development.
As a classic 1920s cottage, this home presents a significant opportunity for first-time buyers or investors to build equity through creative renovations.
The listing indicates the home requires 'imagination and tools,' suggesting substantial deferred maintenance and the need for immediate capital investment.
With only 980 square feet and a single bathroom, the compact footprint may be a constraint for growing families or those seeking modern spaciousness.
This property has so many possibilities if you bring your imagination and tools. Great first time home buyer that has the ideas to bring this into its' adorable life. Alley access can be very desirable. Close walking distance to all the downtown amenities. Go take a look!
No exterior & parking available.
Grades 9-12 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 19% |
| Baths | 1.0 | 2.0 | 9% |
| Square foot | 980 | 1,644 | 5% |
| Lot Size | 4,791 | 6,098 | 37% |
| Price | $559.9K | $739.0K | 9% |
| Price per sq ft | $571 | $455 | 79% |
| Built year | 1920 | 1973 | 4% |
| HOA | $0 | $0 | 50% |
| Days on market | 16 | 175 | 5% |
Apr 6, 2026
$559,900
Initial Listing
Aug 20, 1998
$102,500
Public Record