127-145 W Santa Barbara Street, SANTA PAULA, CA 93060
$3,770,000
Property Type:
Res Inc
Lot Size (sq. ft.):
42,448
Status:
Closed
Current Price:
$3,770,000
List Date:
11/07/2014
Last Modified:
9/15/2024
Description
Well maintained 28-unit garden style apartment community in midtown Santa Paula w/ assumable financing in place allowing for 2014 close if desired. (20) 2BD/1BA & (8) 1BD/1BA units. 2 palm tree lined 14-unit buildings on separate lots totaling nearly 1 acre. 28 carport spaces. 2 laundry rooms w/ (6) new sets of washer\dryers bring in generous income. $200k+ in improvements completed June, 201
Supplements: Interiors of 10 units updated w/ wood plank laminate flooring in living rooms, carpet in bedrooms, laminate in bathrooms and fresh paint. Nice location w/ SFR neighborhood behind property, new manufacturing employer across street and high school less than 1/2 mile away. 9% + upside in rental rates (based on average rents for the area). Available for 10.87 x current gross rents, 9.98 x market rents. ****Assumable financing available. $2.50m loan amount @ 4.5% Interest Only w/ negotiable length term**** Buyer does not have to assume loan
More Information MLS# 14-3239
Location Info
Country: US
Cross Street: Bradley
District: 00 - VENTURA
Street #: 127-145
Dir: W
Street Name: Santa Barbara
Street Suffix: Street
State: CA
Postal Code: 93060
County: Ventura
Parcel Number: 105-0-044-105
Contract Info
Financing: Owner
Buyers Agent $/%: 2
Current Price: $3,770,000
Price: 3795000
Begin Date: 2014-10-15
Status: Closed
Property Information
Year Built: 1963
Apx Lot SqFt: 42448
Recurring Fees: No
Number of Units: 28
Neighborhood/Schools
Elementary School: Other
Junior High School: Other
High School: Other
Owner Info
Deposit: 23
Remarks
Hot Sheet Comment: price
Condition
Good: 1
Miscellaneous
Parking Spaces: 28
Laundry
Laundry Room: 1
Unit 1
# Units: 20
# Bedrooms: 2
# Baths: 1
# Half Baths: 0
Furnished: N
Rent: 1050
M/M: 1
Monthly Total: 21000
Income/Expenses
Total Monthly Income: 29100
Annual Income: 349200
Gross Rent Multiplr: 10.87
Unit 2
# Units: 8
# Bedrooms: 1
# Baths: 1
# Half Baths: 0
Furnished: N
M/M: 1
Monthly Total: 6800
Zoning
R-4: 1
Reports Available
Other: 1
Terms
Cash: 1
Listing Type
ER: 1
Meters
Sep Meter Wtr: N
Sep Meter Elec: Y
Sep Meter Gas: Yes
Parking Info
Carport: 1
Flr/Wdw Coverings
Carpet: 1
Wood/Laminate: 1
Status Information
Sold Date: 2015-01-29
Sold Price: $3,770,000
Under Contract Date: 2015-01-13
Property Features
Unit 1: M/M
Unit 2: M/M
Condition: Good
Parking Info: Carport; Carport
Laundry: Laundry Room
Zoning: R-4
Reports Available: Other
Terms: Cash
Listing Type: ER
Documents
Marketing Package ›
Listing Office:
The Channel Group
Last Updated: September - 15 - 2024
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