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Listed by Kay Wilson-Bolton, DRE #00577863 • eXp Realty of California Inc
$899,000
Est. payment /mo
6,098 Sqft Lot
Active
321 Walnut ST Santa Paula, CA 93060
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Key Details
Property Type Multi-Family, Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRV1-36040
Style Cottage
Year Built 1900
Lot Size 6,098 Sqft
Source California Regional MLS
Property Description
Income Producing Multi Unit Property in Santa Paula's Historic DistrictA rare opportunity to acquire a three-unit residential investment in one of Santa Paula's most stable and historically desirable neighborhoods. This property offers diversified rental income, strong tenant demand, and multiple paths for value creation.Investment Highlights Three total units across two structures Front house: 3 bedrooms, 1 bath -- ideal for a higher anchor rent or owner occupancy Rear duplex: Two 1 bed/1 bath units -- consistently in demand among singles, couples, and local workforce renters On site parking for first-come, first-served -- a premium amenity in the historic district Low vacancy location with long term tenant stability Multiple income streams on one parcel, reducing risk exposureOperational Advantages Separate structures create privacy, reducing tenant friction and turnover Straightforward layouts that are easy to maintain Strong rental comps in the area for both 1 bed and 3 bed units Potential to increase rents, modernize interiors, or reposition the front house for premium returnsMarket & Location Strength Situated in Santa Paula's historic district, known for charm, walkability, and steady rental demand Close to downtown amenities, employment centers, schools, and transit Area
Location
State CA
County Ventura
Area Spl - Santa Paula
Rooms
Kitchen Oven Range - Gas
Interior
Heating Wall Furnace
Cooling None
Laundry Other
Exterior
Parking Features Other
Garage Spaces 2.0
Pool 31, None
View None
Roof Type Composition
Building
Foundation Raised, Concrete Slab
Water District - Public
Architectural Style Cottage
Others
Tax ID 1000165105
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