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407 N Ojai Road

Santa Paula, CA 93060
  • $2,895,000
  • STATUS: Active
  • ON SITE: 165 Days
  • MLS #: 23-3326
$2,895,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1940
County:
Area:

School Information

Elementary School:
Middle School:
High School:
Listing provided courtesy of Apartment Investment Specialists.

Description

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.

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© 2024 Santa Barbara Multiple Listing Service. All rights reserved. Based on information from the Santa Barbara MLS as of 2024-04-03T23:47:10.567. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Data last updated 2024-04-03T23:47:10.567.
www.karinamatic.com/homes/144994421
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407 N Ojai Road Santa Paula, CA 93060

  • Price: $2,895,000
  • Status: Active
  • On Site: 165 Days
  • MLS #: 23-3326
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1940
Built
Neighborhood:
Ventura
County:
Ventura
Area:
Ventura
Elementary School:
Other
Middle School:
Other
High School:
Other
Property Description
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.
Interior Features

Unit1 Baths 1 Unit1 Bedrooms 3 Unit1 Half Baths 0 Unit2 Baths 1 Unit2 Bedrooms 3 Unit3 Baths 1 Unit3 Bedrooms 3

Property Features

Association YN No Property Condition Excellent Terms Cash Yes Zoning R-3

Listing information © 2024 Santa Barbara MLS
Listing provided courtesy of Apartment Investment Specialists: (805) 320-6646.



© 2024 Santa Barbara Multiple Listing Service. All rights reserved. Based on information from the Santa Barbara MLS as of 2024-04-03T23:47:10.567. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Data last updated 2024-04-03T23:47:10.567.
 
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Berkshire Hathaway HomeServices California Properties
3868 State St.
Santa Barbara CA, 93105
Listing provided courtesy of Apartment Investment Specialists.