407 N Ojai Road

Santa Paula, CA 93060

$2,691,620

Sold Price
N/A

bed Beds

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1940

calendar_month Built

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.

Listing Information

Close Price $2,691,620
Close Date Tuesday, July 16th, 2024
Status Closed
MLS V120740
HOA $0
Type Residential Income
Year Built 1940
Lot Size 17,295
Structure Size N/A
DOM 256
Courtesy Of Apartment Investment Specialis
Listing Agent Craig Lieberman DRE#00682741

Interior Features

Laundry Information
Location(s) None
Total Bedroom
Bedrooms N/A
Fireplace Information
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Cooling Type None

Exterior Information

Maps

Listing information courtesy of: Craig Lieberman, Apartment Investment Specialis (805) 320-6646. *Based on information from the Association of REALTORS/Multiple Listing as of Jul 16th, 2024 at 6:24 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.