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Jeffrey Bullock

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$ 899,000

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Open Sun 1PM-3PM

321 Walnut ST Santa Paula, CA 93060

6,098 Sqft Lot

Open House

Sun Jun 21, 1:00pm - 3:00pm

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Subdivision Historic District - 0516

MLS Listing ID V1-36040

Construction Status Fixer,Repairs Cosmetic

HOA Y/N No

Year Built 1900

Lot Size 6,098 Sqft

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

Location

State CA

County Ventura

Area Spl - Santa Paula

Interior

Heating Wall Furnace

Cooling None

Flooring Tile, Vinyl

Fireplaces Type None

Inclusions None

Fireplace No

Appliance Gas Range

Laundry Outside

Exterior

Parking Features Driveway

Fence Chain Link

Pool None

Community Features Sidewalks

Utilities Available Cable Available, Electricity Connected, Natural Gas Connected

View Y/N No

View None

Roof Type Composition

Total Parking Spaces 2

Private Pool No

Building

Lot Description Sprinklers None

Faces West

Foundation Raised, Slab

Water Public

Architectural Style Cottage

New Construction No

Construction Status Fixer,Repairs Cosmetic

Others

Senior Community No

Tax ID 1000165105

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Acceptable Financing Conventional, FHA

Listing Terms Conventional, FHA

Special Listing Condition Trust

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Kay Wilson-Bolton eXp Realty of California Inc #00577863

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