127-145 W Santa Barbara Street, SANTA PAULA, CA 93060 (MLS# 14-3239)

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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

Overview

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 fo ... (Read more)

Listing Details MLS# 14-3239

Location Info

District: 00 - VENTURA
Street #: 127-145
Dir: W
Street Name: Santa Barbara
Street Suffix: Street
State: CA
Country: US
Postal Code: 93060
County: Ventura
Parcel Number: 105-0-044-105
Cross Street: Bradley

Contract Info

Price: 3795000
Financing: Owner
Buyers Agent $/%: 2
Begin Date: 2014-10-15

Status Information

Sold Date: 2015-01-29
Under Contract Date: 2015-01-13

Property Information

Number of Units: 28
Year Built: 1963
Apx Lot SqFt: 42448
Recurring Fees: No

Remarks

Hot Sheet Comment: price

Owner Info

Deposit: 23

More Information

Miscellaneous

Parking Spaces: 28

Unit 1

# Units: 20
# Bedrooms: 2
# Baths: Yes
Furnished: N
Rent: 1050
Monthly Total: 21000
# Half Baths: 0
M/M: Yes

Unit 2

# Units: 8
# Bedrooms: Yes
# Baths: Yes
Furnished: N
Monthly Total: 6800
# Half Baths: 0
M/M: Yes

Meters

Sep Meter Wtr: N
Sep Meter Elec: Y
Sep Meter Gas: Yes

Neighborhood/Schools

Elementary School: Other
Junior High School: Other
High School: Other

Condition

Good: Yes

Laundry

Laundry Room: Yes

Income/Expenses

Total Monthly Income: 29100
Annual Income: 349200
Gross Rent Multiplr: 10.87

Zoning

R-4: Yes

Reports Available

Other: Yes

Terms

Cash: Yes

Listing Type

ER: Yes

Parking Info

Carport: Yes

Flr/Wdw Coverings

Carpet: Yes
Wood/Laminate: Yes

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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