Beachside Partners
Listed by Beachside Partners
$1,350,000
Fourplex in Santa Paula
Details
APN 105-0-101-095
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,629
Units 4
Cap Rate 4.90%
NOI $65,500
Tenancy Multi
Pro-Forma Cap Rate 5.14%
Pro-Forma NOI $69,414
Price per SqFt $372
Year Built 1950
Year Renovated 1970
Buildings 2
Acreage 0.239
Zoning Public Rec
Parking Spaces 5 spaces
Parking per 1,000 SqFt 1.38
Investment Type Stabilized
Santa Paula 4plex
Marketing description
129 E Santa Ana St presents a rare opportunity for an investor or owner-user to acquire a well-located fourplex in Santa Paula. Situated on a 10,417 SF lot the property features a detached 3BD/2BA 1950's-built residence with a two- car garage plus a separately accessed triplex constructed in the 1970s. The triplex consists of (1) 2BD/1BA unit and (2) 1BD/1BA units, each benefiting from its own single-car garage. Each dwelling is separately metered for gas and electricity and has separate water heaters. There is an on-site common laundry room with leased machines.Located just off HWY 126 the property provides convenient access throughout the region and is less than one mile from a variety of retail, shopping, and community amenities including Starbucks, Rite Aid, Superior Grocers, Isbell Middle School, and Glen City Elementary School. The proximity to major transportation routes, everyday shopping, and local schools enhances its appeal within the Santa Paula rental market.
Investment highlights
- Low turnover market place with strong tenant demand
- Easy access to HWY 126 and less than 1 mile to a variety of retail, shopping, and community amenities, including Starbucks, Rite Aid, Superior Grocers, Isbell Middle School & Glen City Elementary School
- Four-unit property on large 10,417 SF lot
- Detached 3BD/2BA residence and separately accessed triplex w/ (1) 2BD/1BA & (2) 1BD/1BA units
- 4 Garages offer parking, storage or potential ADU conversion opportunity
Listing Contacts
Beachside Partners
Listed by Beachside Partners
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$65,500.00
$5,458.33/mo
Valuation Metrics
0
DSCR
4.85%
Cap Rate
4.85%
ROI
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