228 S 4th Street, Santa Paula, California 93060, Santa Paula, - bed, bath

home-pic
ACTIVE$1,069,980
228 S 4th Street, Santa Paula, California 93060
4Beds
4Baths
1,924Sqft
6,969Lot
Year Built
1927
Close
-
List price
$1.07M
Original List price
$1.05M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
SR25134707
Home ConditionFair
Features
Good View: Neighborhood
ViewNeighborhood

About this home

Welcome to 228, 230, 228½, and 230½ S. 4th Street in the heart of Santa Paula — an exceptional multi-unit investment opportunity perfect for both seasoned investors and those looking to expand their real estate portfolio. This unique property features two duplexes situated on one lot, offering a total of four income-generating units and a combined 1,924 square feet of living space. The front duplex consists of two spacious 1-bedroom, 1-bathroom units, ideal for long-term tenants seeking comfort and convenience. At the rear of the property, you'll find two bachelor units located above four detached garages, maximizing use of space and providing additional rental income. Each unit is currently occupied by reliable, long-term tenants, making this a truly turnkey investment with strong cash flow from day one. In addition to its current income-producing setup, this property offers tremendous upside potential. With a generous lot size and favorable layout, there’s a major opportunity to add square footage or build an Accessory Dwelling Unit (ADU) — expanding your rental income and increasing the overall value of the property. Whether you're interested in redevelopment, increasing rental yields, or simply securing a well-maintained asset in a desirable area, this property checks all the boxes. Don’t miss out on this rare chance to own a versatile and high-potential property in the charming and centrally located community of Santa Paula.

Nearby schools

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

 SubjectAverage HomeNeighbourhood Ranking (4 Listings)
Beds45
40%
Baths44
50%
Square foot1,9242,100
40%
Lot Size6,9696,969
50%
Price$1.07M$835K
80%
Price per square foot$556$381
80%
Built year19271946
20%
HOA
Days on market136153
40%
Condition Rating
Fair

The property was built in 1927. The kitchens appear to have been updated with newer cabinets and countertops, and the appliances look relatively new. The bathrooms appear functional but dated. The flooring appears to be newer laminate. Overall, the property seems maintained but shows its age, suggesting a fair condition.
Pros & Cons

Pros

Income Potential: The property features four income-generating units, providing a strong cash flow from day one.
Turnkey Investment: All units are currently occupied by reliable, long-term tenants, making it a truly turnkey investment.
Expansion Potential: The generous lot size and favorable layout offer the opportunity to add square footage or build an Accessory Dwelling Unit (ADU), increasing rental income and overall property value.
Central Location: Located in the heart of Santa Paula, the property benefits from a charming and centrally located community.
Multi-Unit Property: Two duplexes on one lot provide a diversified rental portfolio within a single investment.

Cons

Year Built: Built in 1927, the property may require ongoing maintenance and potential upgrades due to its age.
Unit Size: The bachelor units may be less desirable to some tenants due to their smaller size compared to the 1-bedroom units.
Garage Access: The bachelor units are located above the garages, which might create noise concerns for tenants.

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