700 Ojai Road
700 Ojai Road Santa Paula, California 93060 United States

$1,950,000
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New price of $1,950,000 which comes to 13.1 GRM, 4.35% CAP rate on actuals (11.0 GRM, 5.73% CAP on market rents) for this charming value-add building in Santa Paula. 700 Ojai Road is an 8-unit apartment building situated on a .88 acre lot with...

Listing Courtesy of Beachside Partners

Listing Courtesy of Beachside Partners
$1,950,000
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.88 Acres
Exterior
Apartments
Property type
1971
Year Built
V1-7000
Web Id
V1-7000
MLS ID
Santa Paula SE
Subdivision
Santa Paula Unified
School District
23
days ago
This Property is Currently Under Contract

About 700 Ojai Road

New price of $1,950,000 which comes to 13.1 GRM, 4.35% CAP rate on actuals (11.0 GRM, 5.73% CAP on market rents) for this charming value-add building in Santa Paula. 700 Ojai Road is an 8-unit apartment building situated on a .88 acre lot with the potential for a new owner to both significantly increase the rental income as well as to potentially add units to the large R-2 zoned lot. Pleasant layout featuring a 1-story U-shaped building framed by 3-large trees and a spacious central grass courtyard. Ideal unit mix with (8) 2BD/1BA apartments and each has its own laundry hookups, water heaters and front and rear door access. Separate electric and gas meters. Carport parking. Located in upper Santa Paula in mostly single-family neighborhood close to Santa Paula Hospital, Mill Park and short drive away from downtown Main Street. The R-2 zoning allows for a maximum of 15 units per acre.

Listing Courtesy of Beachside Partners, THE MLS

features

Additional Listing Type
In Contract

PROPERTY INFORMATION

Appliances
Gas Range
Fireplace Info
Yes
Heating
Wall Furnace
Parking Description
Carport
Pool
No
Sewer
Public Sewer
View
No
Water
Public

ADDITIONAL INFORMATION

Assessment
No
Listing Courtesy of Beachside Partners

Listing Courtesy of Beachside Partners

Listing Courtesy of Beachside Partners
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