4
See all 4 photos
$2,950,000
Est. payment /mo
0.49 Acres Lot
Price Dropped by $350K
1208 E Ventura ST Santa Paula, CA 93060
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
MLS Listing ID V1-34751
HOA Y/N No
Year Built 1984
Lot Size 0.489 Acres
Property Description
A well-established, multi-family apartment building in an established residential neighborhood walking distance to Santa Paula's historic district. The apartment complex offers stability for an investor, ideal for investors seeking durable cash flow in a supply-constrained Ventura County market. All 10 units are desirable 2 bedroom + 1 bathroom configurations with a strong history of full occupancy. Two of the units have been upgraded and are achieving $2,200 in monthly rent providing a blueprint for an investor willing to capitalize on the upside. A community laundry room provides additional income and could be expanded by adding more machines. Each unit has a covered parking space. Low maintenance landscaping. New roof installed in 2025 with transferrable warranty. Santa Paula currently does not have any additional rent control laws beyond what the State requires. Historic downtown Santa Paula, is only a short walk from the subject property. Downtown Santa Paula boasts numerous restaurants, retail, services, museums and entertainment destinations. The property is served by excellent access to the 150 highway and 126 freeway. Many of Santa Paula's fine schools, parks and sports fields are close by. The City of Santa Paula, and Ventura County overall, continue to be in short supply of housing. The difficulty in permitting new projects throughout Ventura County and financing those developments means existing assets with remodel potential are in higher demand.
Location
State CA
County Ventura
Area Spl - Santa Paula
Interior
Heating None
Cooling None
Fireplace Yes
Appliance Free-Standing Range, Gas Oven
Laundry Laundry Room
Exterior
Parking Features Carport
Pool None
Community Features Biking, Curbs, Hiking, Mountainous, Street Lights, Sidewalks
View Y/N Yes
Total Parking Spaces 18
Private Pool No
Building
Lot Description Lawn
Story 2
Entry Level Two
Level or Stories Two
Others
Senior Community No
Tax ID 1010281295
Energy Description 25.0
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Special Listing Condition Standard
Listed by Jeff Becker The Becker Group, Inc. info@beckergrp.com, DRE #00881716
NEARBY SCHOOL & BUSINESS
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