228 N 5th Street, Santa Paula, California 93060, Santa Paula, 93060 - 2 bed, 1 bath
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Santa Paula, California 93060
This property presents a Strong Value Opportunity with a List Price of $659,000—positioned well below the $615,154 Fair Market Value (Note: Market adjustment reflects current pricing strategy). While the home carries a Condition Rating of 5, the R2 Zoning and 7,405 sqft lot provide significant upside for development. With an updated electrical panel and exterior siding, the asset offers a solid foundation for value-add renovations. This is an ideal acquisition for Fix-and-Flip Investors or Contractors seeking to maximize density and equity in a high-potential market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 228 N 5th Street Subject | $659,000* List Price | 2 | 1 | 1,248 | $493 | - |
A 1225 Harvard Boulevard Sold | $600,500 | 3 | 2 | 1,226 | $490 | 0.9 mi |
B 201 E Ventura Street Sold | $650,000 | 2 | 1 | 1,020 | $637 | 0.3 mi |
C 308 Citrus Street Sold | $635,000 | 2 | 1 | 1,221 | $520 | 1.0 mi |
D 304 Moultrie Place Sold | $675,000 | 3 | 2 | 1,315 | $513 | 0.7 mi |
E 423 Atmore Sold | $655,000 | 4 | 2 | 1,569 | $417 | 0.7 mi |
F 325 N 13th Street Active | $529,900 List Price | 2 | 1 | 935 | $567 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1920, this investor property requires a major interior rehab. While the exterior siding and electrical panel were updated around 2015, the interior is severely outdated with stained carpets, old green shag flooring, a worn-out kitchen with damaged linoleum, and visible wall deterioration.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7405, living area = 1248.
The property sits on a generous 7,405 sqft lot with R2 zoning, providing a rare opportunity for investors or builders to expand or add additional units.
The floor plan includes a bonus room that can serve as a third bedroom and an oversized kitchen, offering more functional space and flexibility than a typical two-bedroom home.
Marketed as an investor opportunity with 'endless potential,' the 1920s structure likely requires substantial cosmetic and modernizing updates to meet current market standards.
The home features only one bathroom, which may be a significant drawback for families or buyers looking for a property that can accommodate three bedrooms.
Investor Opportunity with Endless Potential! Lovingly cared for 2 bedroom with bonus room possible 3rd bedroom full of character. This property offers great bones and a spacious floor plan ready for your personal touch. The oversized kitchen provides abundant cabinet and counter space with plenty of room for dining and gathering. Situated on a large lot with R2 zoning, this property offers exciting possibilities for expansion, additional units (buyer to verify), or creating the outdoor space of your dreams. A long driveway provides ample parking with possible RV access. Additional features include a detached garage with an attached storage room, an updated electrical panel, and exterior siding improvements completed in approx. 2015. With its generous lot, versatile zoning, and well-maintained condition, this is a rare opportunity for investors, builders, or buyers looking to add value and make it their own.
No exterior & parking available.
Grades 9-12 • 0.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,248 | 1,401 |
| Lot Size | 7,405 | 6,098 |
| Price | $659.0K | $739.5K |
| Price per sq ft | $528 | $488 |
| Built year | 1920 | 1963 |
| HOA | $0 | $307 |
| Days on market | 29 | 70 |
Jun 23, 2026
$659,000
Initial Listing