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Key Details
Sold Price $588,374
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID V0-214012056
Sold Date 05/09/14
HOA Y/N No
Year Built 1958
Lot Size 7,801 Sqft
Property Description
Five-unit Santa Paula apartment building centrally located just a few blocks north of the downtown business district. Comprised of a charming duplex in the front, with a porch and shared yard, plus a detached triplex at the rear of the property. (4) single car garages and 1 uncovered parking space. Separate electric and gas meters. Unit mix includes a 2BD/1BA, 1.5BD/1BA and (3) 1BD/1BA units. Originally built in 1890 as a house the front building was moved to this location in 1929 at which time a 624 square foot addition was made. The triplex was built in 1958. Low turnover, 4 of the 5 tenants in place between 3-11 years. $4,425/mo. gross rents (should be at least 5% upside in rent). Nice investment opportunity available for only 11.08 x gross annual rents and less than $118k/unit
Location
State CA
County Other County
Area Vc52 - S.P. East Of Ojai/S.P. Road North
Zoning R2D
Interior
Flooring SeeRemarks
Fireplace No
Exterior
Parking Features Garage
View Y/N No
Private Pool No
Building
Story Two
Entry Level Two
Level or Stories Two
Others
Senior Community No
Tax ID 1030075055
Acceptable Financing CashtoNewLoan
Listing Terms CashtoNewLoan
Financing Cash
Special Listing Condition Standard
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Bought with David Remedios • RE/MAX Gold Coast REALTORS