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Keller Williams Estates
207 N 5th Street, Santa Paula, CA 93060
- $785,000
- List Price
- $785,000
- Status
- COMING SOON
- MLS#
- V1-39748
- Year Built
- 1928
- Lot Size
- 8,610
- Acres
- 0.20
- Lot Location
- 0-1 Unit/Acre, Sprinklers None
- Days on Market
- 10
- Property Type
- Multifamily
- Stories
- One Level
- Neighborhood
- Santa Paula: Other - 0052
Property Description
A great investment opportunity in Santa Paula, this property features two well-maintained residences. Rent out both or live in one and collect rent from the other. Original hardwood floors and Spanish arches bring classic character to the property.The front residence at 501 East Santa Barbara Street is tenant-occupied at $2,750 per month. The fully renovated rear residence at 207 North 5th Street features two bedrooms and one bathroom and is vacant and ready for its next occupant. The rear home previously rented for $2,500 per month. At that rental rate, combined gross rent would be approximately $5,250 per month before expenses and vacancy.Additional outdoor space offers potential for RV parking or an accessory dwelling unit (ADU). Gas and water meters from a former store reportedly remain on the property. Buyer to verify meter status and the feasibility of RV parking or any additional residential use with the City and applicable utility providers.
Additional Information
- Appliances
- Gas Cooktop, Gas Oven, Refrigerator
- Pool Description
- None
- Cooling Description
- None
- View
- None
- Garage Spaces Total
- 2
- Attached Structure
- Detached
- Gross Scheduled Income
- $5,250
- Operating Expense
- 4500
Listing courtesy of Listing Agent: Larry Krogh (lkrogh@livsothebysrealty.com) from Listing Office: LIV Sotheby's International Realty.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.