Property Detail

Description

This is a solid 7‑unit, multi-family asset positioned in an established residential adjacent to Santa Paula's historic district. This corner‑lot property offers a balanced mix of stability, ideal for investors seeking durable cash flow in a supply‑constrained Ventura County market.Units are all electric - no gas to the property.**Unit Mix & Income Profile****1 Owner's Unit: Single‑story **2BR residence with attached garage**--well‑suited for owner‑occupancy or conversion to a premium rent unit.**6 Rental Units: All **2BR/1BA**, a consistently high‑demand floor plan that supports strong occupancy and low turnover. Each unit includes a covered carport, enhancing rentability and tenant retention.Balcony inspections completed, and repair bids will be available, ensuring compliance with SB 721. **Community laundry room** provides additional income potential. **Corner lot** improves visibility, access, and long‑term redevelopment flexibility. **Long‑term ownership and continuous professional management indicate stable historical operations and slightly below‑market rents to create stable occupancy, Owner is simply liquidating this asset. **Investment Highlights****Desirable 2BR unit mix** supports strong rent growth and broad tenant appeal. **Low maintenance configuration** with simple, repeatable floor plans. **High‑demand location** near Santa Paula's historic district, employment centers, and schools. **Potential for rent repositioning** through cosmetic upgrades or modernization of common areas. **Owner's unit premium** offers optionality: occupy, lease at market, or convert to a higher‑yield configuration.