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Lenore Wilkas

lenore.wilkas@engelvoelkers.com +1(760) 407-2100

$ 1,150,000

Est. payment -/mo

Save

Active

220 Palm AVE Santa Paula, CA 93060

6 Beds

6 Baths

3,608 SqFt

UPDATED:

01/09/2025 12:40 AM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,608 sqft

Price per Sqft $318

MLS Listing ID 224005006

Bedrooms 6

Half Baths 3

Three Quarter Bath 3

HOA Y/N No

Year Built 1979

Lot Size 6,534 Sqft

Property Description

Prime Triplex Investment Opportunity in Santa Paula!Discover the potential of this three-unit townhouse-style triplex located at 220 South Palm Avenue, in Santa Paula. Each spacious unit features two bedrooms, 1.5 baths, and a two-story layout, offering both functionality and comfort for tenants.This property is an investor's dream, with an opportunity to increase rents by up to 8.8%, the pro-forma annual gross rents are projected at approximately $83,700. Each unit is equipped with separate electrical and gas meters, while the property shares one water meter and sewer bill, optimizing operational efficiency. Additionally, a coin-operated laundry room adds convenience and extra income potential.Current rental arrangements are all month-to-month, except for one unit (224), which is secured under a HUD annual contractt, ensuring stability in your investment.Conveniently located near Santa Paula Airport, restaurants, and with easy access to the 126 Freeway, this property offers a prime location for tenants and owners alike. Whether you're looking to maximize rental income or live in one unit while renting out the other two, this triplex provides endless possibilities.Bonus Opportunity! The seller is offering two additional properties as part of a bundle sale: (608 E. Main Street, Santa Paula), and (224 S. 4th Street, Santa Paula). Don't miss this rare chance to acquire three income-generating properties as a package deal.Invest in Santa Paula's thriving rental market today!

Location

State CA

County Ventura

Area Spl - Santa Paula

Zoning R-2D

Interior

Fireplace No

Appliance Gas Water Heater, Water Heater

Laundry Common Area, Outside

Exterior

Parking Features Assigned, Carport

Carport Spaces 6

View Y/N No

Total Parking Spaces 6

Private Pool No

Building

Story 2

Entry Level Two

Level or Stories Two

Others

Senior Community No

Tax ID 1050090305

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

Listed by Ricardo Salazar • EXP Realty of California Inc

The Wilkas Group - Lenore & Alexander Wilkas

Real Estate Advisors | License ID: 01343201 & 01355442

+1(760) 407-2100