Completely renovated 'inside and out' in 2022, this 5% cap 8-unit property is situated within a gated community that offers its tenant community privacy and security. With its highly desired individual 3 Bedroom cottage-style units that offer laundry hook-ups, this apartment community has been able to generate generous rents of about $2,400/unit. Its gross annual rent of $232,000 on the asking price of $2,895,000 equates to a 12.5 GRM. Specific property updates include all new electrical, plumbing, interior flooring, walls, bathrooms, and kitchens. This property will undoubtedly appeal to those investors seeking a 'turnkey' investment in the strong rental community of Santa Paula.
MLS #
CRV1-20740
MLS Source
California Regional MLS
Days on Site
181
Buyer's Brokerage Compensation*
2.00
Kitchen
None
Laundry
None
Cooling
None
Heating
Wall Furnace
Garage/Parking
No Parking, Garage: 0 Car(s)
HOA Fee
$0
# Buildings | # Leased Units | # Total Units |
---|---|---|
4 | – | – |
407 N Ojai Rd is a Residential Income in Santa Paula, CA 93060. This – square foot property sits on a – Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $2,895,000 and was built in 1940.
This address can also be written as 407 N Ojai Rd, Santa Paula, CA 93060.©2024 California Regional MLS. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
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* The offer of compensation is made subject to the MLS rules where the listing is filed. Please contact your agent for any questions concerning this subject matter.
This listing information is up-to-date as of March 03, 2024. For the most current information, please contact Craig Lieberman, (805) 320-6646