516 N Oak Street, Santa Paula, California 93060, Santa Paula, 93060 - 0 bed, 0 bath
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Santa Paula, California 93060
This Residential Income Duplex presents a strategic value-add opportunity with a List Price of $775,000 and a $688,532 Fair Market Value. Featuring two detached homes on a 7,405-square-foot lot, the property currently holds a Condition Rating of 5, requiring a complete overhaul of the rear unit to reach its full income potential. With distant hill views and proximity to Santa Paula High School, the detached configuration ensures tenant privacy and long-term desirability. This is an ideal acquisition for Buy-and-Hold Investors or Contractors looking for a high-upside project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 516 N Oak Street Subject | $775,000* List Price | 0 | 0 | 1,812 | $379 | - |
A 1214 Saticoy Street Sold | $680,000 | 4 | 2 | 1,449 | $469 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1961 and on the market for the first time in over 50 years, the property is a major fixer-upper. The back house is described as needing 'everything,' and the front house shows significant deferred maintenance and original 1960s systems, requiring a full rehab to be brought to modern standards.
The property features two detached homes on a single lot, offering an ideal opportunity for an owner-occupant to live in one and rent the other to offset mortgage costs.
Unlike traditional attached duplexes, these units are fully detached, providing superior privacy for tenants and a single-family residential feel for both dwellings.
The 7,405-square-foot lot provides ample space for both structures and potential for outdoor improvements, which is a significant asset for a multi-unit property.
The rear 2-bedroom unit is a 'true fixer' that needs a complete overhaul, requiring significant immediate capital investment and construction oversight.
Being on the market for the first time in over 50 years, the property likely requires comprehensive updates to major systems and finishes to meet current market standards.
First time on Market in over 50 years. 2 Detached homes on one lot. 3 bedroom + 2 baths in the front with an attached garage.Back home is a true fixer, a 2+1. Needs everything. Large lot.Ideal to live in one and rent out the other for extra income.
No exterior & parking available.
Grades 9-12 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 4.0 | 33% |
| Baths | 0.0 | 2.0 | 33% |
| Square foot | 1,812 | 1,812 | 50% |
| Lot Size | 7,405 | 7,405 | 50% |
| Price | $775.0K | $775.0K | 50% |
| Price per sq ft | $428 | $469 | 33% |
| Built year | 1961 | 1961 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 40 | 100 | 33% |
May 5, 2026
$775,000
Initial Listing