12 Units in Santa Paula near Ventura

Opportunity Zone

1111-1125 E. Ventura Street, Santa Paula, CA 93060

Property Description

1111-1125 Ventura St is a rare and unique 12 Unit opportunity in Santa Paula in Ventura County. It is a fully occupied, comprised of (3) separate 4 Unit properties on three contiguous lots. The property is being sold together, but can be sold individually in the future to owner occupiers or local investors.

The entire property is comprised of 12,746 SF on 25,350 SF of R3 zoned land in the heart of of the Citrus Capital of the World. Each building has very large and unique layout mixes including a huge 4 Bed townhouse style unit with attached 2 car garage, (5) 3 Bed townhouse units, and (6) 2 Bed units for terrific unit options.

All the units are currently fully occupied, some of the units have been remodeled, and most of the tenants are month to month to allow for immediate upside. The buildings were originally built in 1978 and1987, with ample parking, private yards, and common areas for the tenants. The three lots together in an Opportunity Zone offers added tax benefits & future development potential.

Features and Highlights

  • Located in Opportunity Zone!
  • Month to Month Tenancy with Full Occupancy
  • Strong Rent Collections in a Growing Rental Market.
  • Great Location in Santa Paula in Ventura County near Ventura, Oxnard, Ojai, Camarillo, Ocean, Old Town, Farmland, Shops & Restaurants.

Property Details

  • Price:$3,200,000
  • APN's:3 Separate
  • Total Units:12
  • # of Buildings:4
  • Building Size:12,746 SF
  • Lot Size:25,350 SF
  • Year Built:1978/1987
  • Opportunity Zone:Yes

Listing Agent: Brian Noh, CCIM DRE: 01438115

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