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Listed by Larry Krogh • LIV Sotheby's International Realty
$ 785,000
Est. payment /mo
Coming Soon
207 North 5th Street Santa Paula, CA 93060
8,610 Sqft Lot
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Coming Soon
Purchase Type For Sale
Subdivision Santa Paula: Other - 0052
MLS Listing ID V1-39748
Year Built 1928
Lot Size 8,610 Sqft
Source California Regional Multiple Listing Service (CRMLS)
Property Description
A great investment opportunity in Santa Paula, this property features two well-maintained residences. Rent out both or live in one and collect rent from the other. Original hardwood floors and Spanish arches bring classic character to the property.
The front residence at 501 East Santa Barbara Street is tenant-occupied at $2,750 per month. The fully renovated rear residence at 207 North 5th Street features two bedrooms and one bathroom and is vacant and ready for its next occupant. The rear home previously rented for $2,500 per month. At that rental rate, combined gross rent would be approximately $5,250 per month before expenses and vacancy.
Additional outdoor space offers potential for RV parking or an accessory dwelling unit (ADU). Gas and water meters from a former store reportedly remain on the property. Buyer to verify meter status and the feasibility of RV parking or any additional residential use with the City and applicable utility providers.
The front residence at 501 East Santa Barbara Street is tenant-occupied at $2,750 per month. The fully renovated rear residence at 207 North 5th Street features two bedrooms and one bathroom and is vacant and ready for its next occupant. The rear home previously rented for $2,500 per month. At that rental rate, combined gross rent would be approximately $5,250 per month before expenses and vacancy.
Additional outdoor space offers potential for RV parking or an accessory dwelling unit (ADU). Gas and water meters from a former store reportedly remain on the property. Buyer to verify meter status and the feasibility of RV parking or any additional residential use with the City and applicable utility providers.
Location
State CA
County Ventura
Area Vc52 - Santa Paula Ne
Interior
Fireplaces Type None
Exterior
Garage Spaces 2.0
Pool None
Community Features Curbs, Sidewalks
View Y/N No
View None
Building
Lot Description Sprinklers None, 0-1 Unit/Acre
Nearby Locations