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Listed by Jeff Becker, DRE #00881716 • The Becker Group, Inc.
$ 2,950,000
Est. payment | /mo
0.49 Acres Lot
$ 2,950,000
Est. payment | /mo
0.49 Acres Lot
Key Details
Property Type Commercial
Listing Status Pending
Purchase Type For Sale
MLS Listing ID CRV1-34751
Year Built 1984
Lot Size 0.489 Acres
Source California Regional MLS
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 supp
Location
State CA
County Ventura
Area Spl - Santa Paula
Rooms
Kitchen Oven Range, Oven - Gas
Interior
Heating No Heating
Cooling None
Laundry In Laundry Room
Exterior
Parking Features Carport
Garage Spaces 18.0
Pool 31, None
Others
Special Listing Condition Not Applicable
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