407 N Ojai Road Santa Paula, CA 93060
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.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyVentura
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site16 Days
- MLS StatusContingent
- MLS ID NumberV1-20740
- Home Size Source N/A
- Year BuiltN/A
- Lot Size0.397 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Terms Cash
Interior Features
- Cooling N/K
Exterior Features
- Pool N/K
- Irrigation N/K
Community Features
- Spa N/K