407 N Ojai Road
Santa Paula, CA 93060
- – beds
- – baths
- – sqft
- ~1/2 acre lot
- 1940 build
- – on site
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.
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Last updated Mar 3, 2024
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MLS# V1-20740 —
Walk Score®
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Bike Score®
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Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
11/13/23
Nov 13, 2023
|
Price Changed | CRMLS_CA | $2,895,000 | -1.9% |
|
11/3/23
Nov 3, 2023
|
Listed / Active | CRMLS_CA | $2,950,000 | |
|
3/9/23
Mar 9, 2023
|
Price Changed | CRMLS_CA |