116 S 7th ST new Save Request In-Person Tour Request Virtual Tour
Santa Paula,CA 93060
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID P1-20630
HOA Y/N No
Year Built 1910
Lot Size 0.360 Acres
Property Description
Excellent opportunity to purchase a nine (9) unit investment property with a significant upside in rental income. 116 S 7th St is a unique mix of 9 units consisting of 5 units in one building, three units as a triplex, and one detached unit. This property is located in the desirable downtown Santa Paula area across the street from the historic theatre. It provides a tremendous opportunity for an investor to acquire pride in ownership of an asset that has upside potential in increasing rents with the potential of adding ADUs to the property. A great opportunity to boost future rental revenue and income stream, raising the overall value of the investment. Buyer to verify with the city for associated ADU requirements. The property consists of one studio, seven (7) 1 bed/1 bath, and one (1) 3 bath/1 bath. Most tenants are on a month-to-month basis, and units are separately metered for gas and electricity. The property is within a short distance to public transportation, in addition to nearby retail shops and businesses.
Location
State CA
County Ventura
Area Spl - Santa Paula
Interior
Cooling None
Fireplace Yes
Laundry None
Exterior
Pool None
Community Features Curbs
View Y/N No
View None
Total Parking Spaces 10
Private Pool No
Building
Lot Description Sprinklers None
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 1030093085
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard