608 E Main Street, Santa Paula, California 93060, Santa Paula, 93060 - 4 bed, 4 bath
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Santa Paula, California 93060
This Mixed-Use Quadplex presents a Strong Value Opportunity with a List Price of $995,000—positioned well below the $1,082,704 Fair Market Value by 8%. This valuation gap offers $87,704 in Instant Equity. Featuring a Fair Condition Rating, the property includes separate utility metering and an 8,276 sqft lot with significant ADU development potential. This asset is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile, income-generating property in Santa Paula.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 608 E Main Street Subject | $995,000* List Price | 4 | 4 | 2,253 | $481 | - |
A 215 N 8th Street Active | $799,950 List Price | 2 | 2 | 1,400 | $571 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1936, this 88-year-old property is described as 'nicely maintained' but is being sold 'as-is,' suggesting the interior kitchens, baths, and systems are dated. Exterior photos show weathered wooden steps and older utility configurations consistent with a property that has not undergone a major renovation in the last 20+ years, likely requiring minor repairs and modernization.
This quadplex features a unique blend of commercial and residential units, providing a diversified and stable income stream for investors looking for a versatile portfolio addition.
Situated on an oversized 8,276 sqft lot, the property offers significant value-add potential through the possible construction of additional Accessory Dwelling Units (ADUs).
Separate gas and electric meters for each unit shift the utility burden to tenants, significantly reducing owner overhead and maximizing net operating income.
The property is being sold in as-is condition, which, combined with its 1936 construction date, may require immediate capital for modernization or repairs.
Unlike gas and electricity, the water is master-metered and paid for by the owner, representing a recurring monthly operating expense that impacts the bottom line.
FHA OR VA OK - -:- -Upside Upside Upside!!!-For Sale Or Trade. What do you have to trade? Don't miss this Mixed Use Commercial Residential Quadplex, money-making opportunity Four-Plex to start you off as a landlord or just add 4 more units to your growing portfolio. We also have another four-plex and tri-plex for sale so you can purchase 4 units, or 7 units, or 8 units, or 11 units. These are really nice units well maintained you will be proud to own and rent or live in one. What do you have to trade???????Wonderfully designed and nicely maintained, well-built four units on extra sized lot of 8276+/- sf lot leaving the potential ADU or ADU's build out. Front Commercial Lot with a residential 2 & 1 attached residential building. In the back is a duplex with each unit being a 1 & 1 rental or personal residence. Four detached garages. All 4 units are designed for a quiet relaxing lifestyle. How many ADUs I don't know. Gas & electric bills go directly to the tenant's units-based on separate electric and gas meters for each unit!!!, so the tenant has to pay for them. The water is double master metered. There is a water meter for the front commercial unit, and a second meter for residential units, with both water bills being paid by the owner. Lots of parking for each unit on this extra sized 8,276+/- sf lot. Very nice rental income. Property sold as-is and do not talk to the tenants. Nicely maintained units. Refer to private remarks for rental income stream.Don't miss this great opportunity. What do you have to trade?
No exterior & parking available.
Grades 9-12 • 0.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 0% |
| Baths | - | - | 0% |
| Square foot | - | - | 0% |
| Lot Size | - | - | 0% |
| Price | - | - | 0% |
| Price per sq ft | - | - | 0% |
| Built year | 1936 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
May 13, 2026
$995,000
Initial Listing