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.
Sold for $2,691,620
Listing Provided by:
Craig Lieberman DRE #00682741 craig@ais-realestate.com,
Apartment Investment Specialis
Bought with: Beachside Partners
$2,691,620
407 N Ojai Rd, Santa Paula, CA 93060
24beds
8baths
--sqft
Multi Family
Built in 1940
-- sqft lot
$-- Zestimate®
$--/sqft
$3,465 Estimated rent
Home value
Not available
Estimated sales range
Not available
$3,465/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: July 16, 2024 at 11:24am
Listing Provided by:
Craig Lieberman DRE #00682741 craig@ais-realestate.com,
Apartment Investment Specialis
Bought with:
Nick Henry, DRE #01748131
Beachside Partners
Source: CRMLS,MLS#: V1-20740
Originating MLS: California Regional MLS (Ventura & Pasadena-Foothills AORs)
Originating MLS: California Regional MLS (Ventura & Pasadena-Foothills AORs)Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 24
- Bathrooms: 8
Heating
- Wall Furnace
Cooling
- None
Appliances
- Laundry: None
Features
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: No Common Walls
Property
Parking
- Parking features: None
Features
- Pool features: None
- Spa features: None
- Fencing: Wood
- Has view: Yes
- View description: None
Lot
- Size: 0.40 Acres
- Features: Sprinklers None
Details
- Parcel number: 1010141265
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1940
Community & neighborhood
Community
- Community features: Street Lights, Sidewalks
Location
- Region: Santa Paula
- Subdivision: Not Applicable
Other
Other facts
- Listing terms: Cash
Price history
| Date | Event | Price |
|---|---|---|
| 7/16/2024 | Sold | $2,691,620-7% |
Source:  CRMLS #V1-20740 Report a problem | ||
| 5/3/2024 | Pending sale | $2,895,000 |
Source:  SBMLS #23-3326 Report a problem | ||
| 5/3/2024 | Listing removed | -- |
Source: SBMLS #23-3326 Report a problem | ||
| 11/13/2023 | Price change | $2,895,000-1.9% |
Source: SBMLS #23-3326 Report a problem | ||
| 11/3/2023 | Listed for sale | $2,950,000+0% |
Source: SBMLS #23-3326 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $30,602 +75.8% | $2,691,620 +75.4% |
| 2024 | $17,412 -33.5% | $1,534,428 +2% |
| 2023 | $26,195 +54.9% | $1,504,420 +2% |
Find assessor info on the county website
Neighborhood: 93060
Nearby schools
GreatSchools rating
- 3/10Barbara Webster ElementaryGrades: K-5Distance: 0.2 mi
- 6/10Isbell MiddleGrades: 6-8Distance: 0.8 mi
- 5/10Santa Paula HighGrades: 9-12Distance: 0.6 mi