Completely renovated 'inside and out' in 2022, this 5% cap 8-unit property is situated within a gated community that offers its tenant community privacy and security. With its highly desired individual 3 Bedroom cottage-style units that offer laundry hook-ups, this apartment community has been able to generate generous rents of about $2,400/unit. Its gross annual rent of $232,000 on the asking price of $2,895,000 equates to a 12.5 GRM. Specific property updates include all new electrical, plumbing, interior flooring, walls, bathrooms, and kitchens. This property will undoubtedly appeal to those investors seeking a 'turnkey' investment in the strong rental community of Santa Paula.
Property Type(s):
Residential Income
|
Last Updated
|
3/3/2024
|
Tract
|
Not Applicable
|
|
Year Built
|
1940
|
Community
|
Santa Paula
|
|
County
|
Ventura
|
Price History
|
Prior to Nov 13, '23
|
$2,950,000 |
| Nov 13, '23 - Today |
$2,895,000 |
Additional Details
| AIR |
None |
| AREA |
Santa Paula |
| BUYER'S BROKERAGE COMPENSATION |
2.000 % |
| GARAGE |
None |
| HEAT |
Wall Furnace |
| HOA DUES |
0 |
| LOT |
0.4 acre(s) |
| LOT DESCRIPTION |
Sprinklers None |
| PARKING |
None |
| POOL DESCRIPTION |
None |
| SUBDIVISION |
Not Applicable |
| VIEW DESCRIPTION |
None |
Location
Listed with Apartment Investment Specialis
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2024.
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