608 E Main Street, Santa Paula, California 93060, Santa Paula, - bed, bath

home-pic
ACTIVE$1,120,980
608 E Main Street, Santa Paula, California 93060
4Beds
3Baths
2,253Sqft
8,276Lot
Year Built
1936
Close
-
List price
$1.12M
Original List price
$1.1M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
SR25134637
Home ConditionFair
Features
ViewNeighborhood

About this home

Presenting an exceptional investment opportunity in the heart of Santa Paula—welcome to 608, 608½, 608-A, and 608-B E. Main Street. This unique mixed-use property features a total of four units spanning approximately 2,253 square feet, situated on a spacious 8,276 sq ft lot. The versatile setup includes one commercial storefront perfect for generating business income, one charming 2-bedroom, 1-bathroom single-family home, and two additional 1-bedroom, 1-bathroom units—offering a diverse income stream and long-term stability with great tenants already in place. This property is a standout for investors seeking immediate rental income with future development potential. The expansive lot size and layout present a rare opportunity to expand, with the possibility of adding two Accessory Dwelling Units (ADUs) or reconfiguring for even greater returns. Whether you're looking to expand your portfolio or break into the Santa Paula market, this property offers the flexibility, income potential, and growth opportunities that make it truly special. Don’t miss out on this rare chance to own a well-located, income-producing asset with room to build and maximize value.

Nearby schools

/10
Santa Paula High School
Public,9-120.4mi
Condition Rating
Fair

The property was built in 1936. The kitchens and bathrooms appear dated, with older appliances and fixtures. While the property seems maintained, it requires updates to meet modern standards. The hardwood floors are a nice feature, but the overall condition suggests a need for renovation to bring it up to 'good' or 'excellent' condition.
Pros & Cons

Pros

Income Potential: The property features a mixed-use setup with a commercial storefront and three residential units, providing a diverse and immediate income stream.
Development Opportunity: The large lot size allows for potential expansion, including the addition of ADUs, increasing the property's value and rental income.
Tenant Occupancy: The property is currently occupied with tenants, ensuring immediate rental income for the new owner.
Location: Located in the heart of Santa Paula, the property benefits from its central location and accessibility to local amenities.
Versatile Use: The combination of commercial and residential units offers flexibility for various business and living arrangements.

Cons

Age of Property: Built in 1936, the property may require ongoing maintenance and potential upgrades due to its age.
Potential Renovation Costs: Depending on the buyer's vision, renovations may be needed to maximize the property's potential and appeal.
Price Point: The list price of $1,120,980 may be a barrier to entry for some investors, requiring significant capital investment.

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