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608 E Main Street, Santa Paula, California 93060, Santa Paula, 93060 - bed, bath

608 E Main Street, Santa Paula, California 93060 home-pic-0
ACTIVE$1,120,980
608 E Main Street, Santa Paula, California 93060
0Bed
0Bath
2,253Sqft
8,276Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Diverse Income Streams: This mixed-use property features a commercial storefront, a 2-bedroom single-family home, and two 1-bedroom units, ensuring varied and stable rental income sources.
Top Cons:
Advanced Age of Property: Built in 1936, the property likely requires significant capital expenditure for updating core systems (plumbing, electrical, HVAC) and addressing potential deferred maintenance.

Compared to the nearby listings

Price:$1.12M vs avg $1.41M ($-292,010)50%
Size:2,253 sqft vs avg 1,906.5 sqft50%
Price/sqft:$498 vs avg $79550%

More Insights

Built in 1936 (89 years old).
Condition: Built in 1936, this property shows significant age and wear across all visible units. The kitchens feature very outdated cabinetry, worn laminate countertops, and old white appliances. Bathrooms have dated vanities, old strip lighting, and worn tile. Flooring throughout includes heavily worn hardwood, stained carpets, and old tiles. The overall aesthetic and condition of fixtures are severely outdated, indicating no major renovations in many decades. The listing's own analysis highlights the 'Advanced Age' and 'Potential for Outdated Features,' suggesting significant capital expenditure is needed for core systems and aesthetics to meet modern standards, making it uncomfortable by today's living expectations.
Year Built
1936
Close
-
List price
$1.12M
Original List price
$1.1M
Price/Sqft
$498
HOA
-
Days on market
-
Sold On
-
MLS number
SR25149462
Home ConditionPoor
Features
Patio
ViewNeighborhood

About this home

Presenting an exceptional investment opportunity in the heart of Santa Paula—welcome to 608, 608½, 608-A, and 608-B E. Main Street. This unique mixed-use property features a total of four units spanning approximately 2,253 square feet, situated on a spacious 8,276 sq ft lot. The versatile setup includes one commercial storefront perfect for generating business income, one charming 2-bedroom, 1-bathroom single-family home, and two additional 1-bedroom, 1-bathroom units—offering a diverse income stream and long-term stability with great tenants already in place. This property is a standout for investors seeking immediate rental income with future development potential. The expansive lot size and layout present a rare opportunity to expand, with the possibility of adding two Accessory Dwelling Units (ADUs) or reconfiguring for even greater returns. Whether you're looking to expand your portfolio or break into the Santa Paula market, this property offers the flexibility, income potential, and growth opportunities that make it truly special. Don’t miss out on this rare chance to own a well-located, income-producing asset with room to build and maximize value.

Nearby schools

/10
Santa Paula High School
Public,•9-12•0.4mi
Condition Rating
Poor
Built in 1936, this property shows significant age and wear across all visible units. The kitchens feature very outdated cabinetry, worn laminate countertops, and old white appliances. Bathrooms have dated vanities, old strip lighting, and worn tile. Flooring throughout includes heavily worn hardwood, stained carpets, and old tiles. The overall aesthetic and condition of fixtures are severely outdated, indicating no major renovations in many decades. The listing's own analysis highlights the 'Advanced Age' and 'Potential for Outdated Features,' suggesting significant capital expenditure is needed for core systems and aesthetics to meet modern standards, making it uncomfortable by today's living expectations.
Pros & Cons

Pros

Diverse Income Streams: This mixed-use property features a commercial storefront, a 2-bedroom single-family home, and two 1-bedroom units, ensuring varied and stable rental income sources.
Significant Development Potential: The expansive 8,276 sq ft lot offers a rare opportunity for adding Accessory Dwelling Units (ADUs) or reconfiguring the existing layout for enhanced value and greater returns.
Immediate Rental Income: With 'great tenants already in place,' the property provides instant cash flow and reduces the typical vacancy risks associated with new acquisitions.
Strategic Location: Situated in the heart of Santa Paula, the property benefits from good visibility for the commercial unit and convenient access for residential tenants, enhancing its market appeal.
Multi-Unit Investment: Comprising four distinct units, the property offers portfolio diversification and resilience against individual unit vacancies, contributing to long-term stability.

Cons

Advanced Age of Property: Built in 1936, the property likely requires significant capital expenditure for updating core systems (plumbing, electrical, HVAC) and addressing potential deferred maintenance.
Compact Unit Sizes: With 2,253 sq ft distributed among four units, individual living spaces are relatively small, which could limit tenant appeal or rental rates compared to properties with larger units.
Potential for Outdated Features: Given its age, the units may feature outdated aesthetics and amenities, necessitating renovation to maximize rental value and attract modern tenants.

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