321 Walnut Street, Santa Paula, CA 93060
- $899,000
- List Price
- $899,000
- Status
- ACTIVE
- MLS#
- V1-36040
- Year Built
- 1900
- Lot Size
- 6,098
- Acres
- 0.14
- Lot Location
- Sprinklers None
- Days on Market
- 91
- Property Type
- Multifamily
- Style
- Cottage
- Neighborhood
- Historic District - 0516
Property Description
Income Producing Multi Unit Property in Santa Paula's Historic DistrictA rare opportunity to acquire a three-unit residential investment in one of Santa Paula's most stable and historically desirable neighborhoods. This property offers diversified rental income, strong tenant demand, and multiple paths for value creation.Investment Highlights Three total units across two structures Front house: 3 bedrooms, 1 bath -- ideal for a higher anchor rent or owner occupancy Rear duplex: Two 1 bed/1 bath units -- consistently in demand among singles, couples, and local workforce renters On site parking for first-come, first-served -- a premium amenity in the historic district Low vacancy location with long term tenant stability Multiple income streams on one parcel, reducing risk exposureOperational Advantages Separate structures create privacy, reducing tenant friction and turnover Straightforward layouts that are easy to maintain Strong rental comps in the area for both 1 bed and 3 bed units Potential to increase rents, modernize interiors, or reposition the front house for premium returnsMarket & Location Strength Situated in Santa Paula's historic district, known for charm, walkability, and steady rental demand Close to downtown amenities, employment centers, schools, and transit Area continues to see rising interest from investors seeking stable, supply constrained marketsUpside Potential Value add opportunities through cosmetic upgrades Potential for improved operating efficiency and stronger year over year cash flow
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Additional Information
- Appliances
- Gas Range
- Pool Description
- None
- Heat
- Wall Furnace
- Cooling Description
- None
- View
- None
- Exterior Construction
- Stucco
- Roof
- Composition
- Water
- Public
- Attached Structure
- Attached
- Gross Scheduled Income
- $39,000
Listing courtesy of Listing Agent: Kay Wilson-Bolton (kay@realestatemagic.com) from Listing Office: eXp Realty of California Inc.
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