407 N Ojai Road, Santa Paula, CA 93060
-
Sold Price :
$2,691,620
-
Beds :
N/A
-
Baths :
-
Property Size :
N/A sqft
-
Year Built :
1940
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.
Interior Features
| Laundry Information |
| Location(s) |
None |
| Bedroom Information |
| Bedrooms |
N/A |
| Interior Information |
| Cooling Type |
None |
Listing Information
| Address |
407 N Ojai Road |
| City |
Santa Paula |
| State |
CA |
| Zip |
93060 |
| County |
Ventura |
| Listing Agent |
Craig Lieberman DRE #00682741 |
| Courtesy Of |
Apartment Investment Specialis |
| Close Price |
$2,691,620 |
| Status |
Closed |
| Type |
Residential Income |
| Structure Size |
N/A |
| Lot Size |
17,295 |
| Year Built |
1940 |
Listing information courtesy of: Craig Lieberman, Apartment Investment Specialis. *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.
