116 S 7Th Street, Santa Paula, CA 93060
-
Listed Price :
$1,850,000
-
Beds :
N/A
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Baths :
-
Property Size :
N/A sqft
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Year Built :
1910
Property Description
Excellent opportunity to purchase a nine (9) unit investment property with a significant upside in rental income. 116 S 7th St is a unique mix of 9 units consisting of 5 units in one building, three units as a triplex, and one detached unit. This property is located in the desirable downtown Santa Paula area across the street from the historic theatre. It provides a tremendous opportunity for an investor to acquire pride in ownership of an asset that has upside potential in increasing rents with the potential of adding ADUs to the property. A great opportunity to boost future rental revenue and income stream, raising the overall value of the investment. Buyer to verify with the city for associated ADU requirements. The property consists of one studio, seven (7) 1 bed/1 bath, and one (1) 3 bath/1 bath. Most tenants are on a month-to-month basis, and units are separately metered for gas and electricity. The property is within a short distance to public transportation, in addition to nearby retail shops and businesses.
Interior Features
| Laundry Information |
| Location(s) |
None |
| Bedroom Information |
| Bedrooms |
N/A |
| Interior Information |
| Cooling Type |
None |
Listing Information
| Address |
116 S 7Th Street |
| City |
Santa Paula |
| State |
CA |
| Zip |
93060 |
| County |
Ventura |
| Listing Agent |
Janine Morovati DRE #00874610 |
| Courtesy Of |
COMPASS |
| List Price |
$1,850,000 |
| Status |
Active |
| Type |
Residential Income |
| Subtype |
Apartment |
| Structure Size |
N/A |
| Lot Size |
15,681 |
| Year Built |
1910 |
Listing information courtesy of: Janine Morovati, COMPASS. *Based on information from the Association of REALTORS/Multiple Listing as of Feb 1st, 2025 at 6:27 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
