228 S 4th Street, Santa Paula, California 93060, Santa Paula, 93060 - bed, bath

228 S 4th Street, Santa Paula, California 93060 home-pic-0
ACTIVE$1,069,980
228 S 4th Street, Santa Paula, California 93060
0Bed
0Bath
1,924Sqft
6,969Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Multi-Unit Income Property: This property features two duplexes on a single lot, providing a total of four distinct income-generating units, offering diversified rental revenue.
Top Cons:
Property Age and Potential Maintenance: Built in 1927, the property may require ongoing maintenance, system updates, or significant renovations to meet modern tenant expectations and building codes.

Compared to the nearby listings

Price:$1.07M vs avg $860.0K (+$209,980)67%
Size:1,924 sqft vs avg sqft67%
Price/sqft:$556 vs avg $067%

More Insights

Built in 1927 (98 years old).
Condition: Built in 1927, this property is aged but appears to have received regular upkeep and some cosmetic updates. The kitchen features updated white shaker-style cabinets, modern hardware, and what appears to be newer laminate countertops and wood-look flooring, along with a newer stainless steel range. While these updates make the kitchen functional and presentable for a rental unit, the overall property, including the partially visible bathroom, suggests a functional but not extensively renovated condition. Major systems are likely older, aligning with a property that is maintained but shows signs of being outdated, requiring minor updates or repairs beyond the cosmetic.
Year Built
1927
Close
-
List price
$1.07M
Original List price
$1.05M
Price/Sqft
$556
HOA
-
Days on market
-
Sold On
-
MLS number
SR25149456
Home ConditionFair
Features
ViewNeighborhood

About this home

Welcome to 228, 230, 228½, and 230½ S. 4th Street in the heart of Santa Paula — an exceptional multi-unit investment opportunity perfect for both seasoned investors and those looking to expand their real estate portfolio. This unique property features two duplexes situated on one lot, offering a total of four income-generating units and a combined 1,924 square feet of living space. The front duplex consists of two spacious 1-bedroom, 1-bathroom units, ideal for long-term tenants seeking comfort and convenience. At the rear of the property, you'll find two bachelor units located above four detached garages, maximizing use of space and providing additional rental income. Each unit is currently occupied by reliable, long-term tenants, making this a truly turnkey investment with strong cash flow from day one. In addition to its current income-producing setup, this property offers tremendous upside potential. With a generous lot size and favorable layout, there’s a major opportunity to add square footage or build an Accessory Dwelling Unit (ADU) — expanding your rental income and increasing the overall value of the property. Whether you're interested in redevelopment, increasing rental yields, or simply securing a well-maintained asset in a desirable area, this property checks all the boxes. Don’t miss out on this rare chance to own a versatile and high-potential property in the charming and centrally located community of Santa Paula.

Nearby schools

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

Built in 1927, this property is aged but appears to have received regular upkeep and some cosmetic updates. The kitchen features updated white shaker-style cabinets, modern hardware, and what appears to be newer laminate countertops and wood-look flooring, along with a newer stainless steel range. While these updates make the kitchen functional and presentable for a rental unit, the overall property, including the partially visible bathroom, suggests a functional but not extensively renovated condition. Major systems are likely older, aligning with a property that is maintained but shows signs of being outdated, requiring minor updates or repairs beyond the cosmetic.
Pros & Cons

Pros

Multi-Unit Income Property: This property features two duplexes on a single lot, providing a total of four distinct income-generating units, offering diversified rental revenue.
Immediate Cash Flow & Occupancy: All units are currently occupied by reliable, long-term tenants, ensuring a turnkey investment with strong, immediate cash flow from day one.
Significant Development Potential: A generous lot size and favorable layout present a major opportunity to add square footage or construct an Accessory Dwelling Unit (ADU), significantly increasing future rental income and property value.
Prime Central Location: Situated in the heart of Santa Paula, the property benefits from a charming and centrally located community, with convenient access to local amenities and Santa Paula High School.
Versatile Investment Profile: The property's structure and potential cater to a broad range of investors, from those seeking stable rental yields to those interested in redevelopment and value-add strategies.

Cons

Property Age and Potential Maintenance: Built in 1927, the property may require ongoing maintenance, system updates, or significant renovations to meet modern tenant expectations and building codes.
Unit Mix with Bachelor Units: The inclusion of two bachelor units, while income-producing, may limit the tenant pool or command lower rental rates compared to larger, multi-bedroom units, potentially impacting long-term yield optimization.
Lack of Detailed Condition Report: While described as 'well-maintained,' the listing lacks specific details on recent upgrades or the current condition of individual units and major systems, which could imply unforeseen capital expenditures for a buyer.

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