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
0Bed
0Bath
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
SR25149456
Home ConditionFair
Features
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)
Beds00
Baths00
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 market120152
40%
Condition Rating
Fair

The property was built in 1927. The kitchen appears to have been updated with newer cabinets, countertops, and appliances, but the style is basic. The bathroom is not clearly visible, but appears dated. The flooring looks newer. Overall, the property shows its age but has been maintained with some updates.
Pros & Cons

Pros

Income Potential: Four income-generating units provide a strong cash flow from day one.
Long-Term Tenants: Currently occupied by reliable, long-term tenants, ensuring stable rental income.
Expansion Potential: Generous lot size allows for the addition of square footage or an Accessory Dwelling Unit (ADU), increasing rental income and property value.
Turnkey Investment: Well-maintained asset ready for immediate operation, minimizing initial effort for the investor.
Central Location: Located in the charming and centrally located community of Santa Paula, offering convenience and desirability.

Cons

Age of Property: Built in 1927, the property may require ongoing maintenance and potential upgrades due to its age.
Unit Size: Two of the units are bachelor units, which may limit the potential tenant pool and rental income compared to larger units.
Garage Access: The bachelor units are located above the detached garages, potentially creating noise issues for tenants.

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