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 TypeSingle Family Home
- NeighborhoodN/A
- CountyVentura
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site19 Days
- MLS StatusPending
- MLS ID Number233326
- Home Size Source N/A
- Year Built1940
- Lot Size0 Acres
- Full BathsN/A
- Partial BathsN/A
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