220 S Palm Avenue, Santa Paula, California 93060, Santa Paula, - bed, bath

home-pic
ACTIVE$1,171,980
220 S Palm Avenue, Santa Paula, California 93060
6Beds
6Baths
3,608Sqft
6,534Lot
Year Built
1979
Close
-
List price
$1.17M
Original List price
$1.15M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
SR25134572
Home ConditionFair
Features
Good View: Neighborhood
Patio
ViewNeighborhood

About this home

Welcome to 220, 222, and 224 S. Palm Avenue — an exceptional investment opportunity offering three expansive townhouse-style apartment units in a desirable and centrally located neighborhood. With a combined total of approximately 3,608 square feet, each unit spans about 1,200 sq ft and features a thoughtfully designed layout with 2 spacious bedrooms and 1.5 bathrooms, making them highly attractive to long-term tenants seeking both comfort and functionality. Each unit boasts its own private patio area, ideal for outdoor relaxation or entertaining guests. Additional conveniences include individual storage closets and two dedicated carport parking spaces per unit, totaling six covered parking spaces. The townhouse configuration ensures each residence feels more like a private home than a typical apartment, increasing tenant appeal and retention. The property also includes an on-site, coin-operated laundry room that generates consistent additional income. With ample lot space and configuration, there is exciting potential to add an Accessory Dwelling Unit (ADU) for even more rental income or expanded living options. Whether you're a seasoned investor looking to expand your portfolio or a new buyer seeking a strong income-producing asset, this unique triplex offers the perfect blend of size, function, and future upside. Don’t miss this rare chance to own a high-demand rental property in a thriving rental market.

Nearby schools

/10
Santa Paula High School
Public,9-120.6mi
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (4 Listings)
Beds66
50%
Baths66
50%
Square foot3,6083,608
50%
Lot Size6,5346,969
40%
Price$1.17M$835K
80%
Price per square foot$325$325
50%
Built year19791950
60%
HOA
Days on market135152
40%
Condition Rating
Fair

The property was built in 1979. The kitchens and bathrooms appear functional but outdated. The flooring looks updated, but the overall condition suggests it requires minor updates to bring it to modern standards. The property has been maintained but shows its age.
Pros & Cons

Pros

Investment Opportunity: Triplex property offers a strong income-producing asset in a thriving rental market.
Spacious Units: Each unit features a large townhouse-style layout with 2 bedrooms and 1.5 bathrooms, appealing to long-term tenants.
Private Outdoor Space: Each unit includes a private patio area, enhancing tenant appeal.
Parking: Each unit has two dedicated carport parking spaces, totaling six covered spaces.
ADU Potential: Ample lot space allows for the potential addition of an Accessory Dwelling Unit (ADU) for increased rental income.

Cons

Year Built: Built in 1979, the property may require updates to meet modern tenant expectations.
On-Market Date: The property has been on the market for over a month, which could raise questions for potential buyers.
Price Reduction: The list price has been reduced, which may indicate challenges in attracting buyers at the original price.

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