For Sale For Rent
Advertise
bedrooms
bedrooms
6
bathrooms
bathrooms
6
square feet
square feet
3,608
acreage
Acreage
0.15
open houses
Open Houses
-
year built
year built
1979
full baths
Full Baths
0
half baths
Half Baths
3
Prime Triplex Investment Opportunity in Santa Paula!Discover the potential of this three-unit townhouse-style triplex located at 220 South Palm Avenue, in Santa Paula. Each spacious unit features two bedrooms, 1.5 baths, and a two-story layout, offering both functionality and comfort for tenants.This property is an investor's dream, with an opportunity to increase rents by up to 8.8%, the pro-forma annual gross rents are projected at approximately $83,700. Each unit is equipped with separate electrical and gas meters, while the property shares one water meter and sewer bill, optimizing operational efficiency. Additionally, a coin-operated laundry room adds convenience and extra income potential.Current rental arrangements are all month-to-month, except for one unit (224), which is secured under a HUD annual contractt, ensuring stability in your investment.Conveniently located near Santa Paula Airport, restaurants, and with easy access to the 126 Freeway, this property offers a prime location for tenants and owners alike. Whether you're looking to maximize rental income or live in one unit while renting out the other two, this triplex provides endless possibilities.BONUS Opportunity! Seller is also offering for sale, separately: (228 S. 4th St, Santa Paula) and (608 E Main St, Santa Paula). Don't miss this rare chance to invest in three income-generating properties.*** (PRO-FORMA Rents; ~$7,275/month, ~$87,300/year)***.
Location
Subdivision -
County Ventura
Elementary School -
Middle School -
High School -
open houses Open houses
None scheduled.
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MLS number: 224005006
Listing agent: Ricardo Salazar #01897150
Listing broker: Exp Realty Of California Inc. (888) 584-9427 ext. 119
Copyright © 2025 Conejo Simi Moorpark Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.   [source]
Last update: Thursday, February 20 2025 at 4:14 a.m. EST
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