$10,000
closing credit¹
220 Palm Ave Santa Paula, CA 93060
Property details
About 220 Palm Ave
Prime Triplex Investment Opportunity in Santa Paula!Discover the potential of this three-unit townhouse-style triplex located at 220 South Palm Avenue, in Santa Paula. Each spacious unit features two bedrooms, 1.5 baths, and a two-story layout, offering both functionality and comfort for tenants.This property is an investor's dream, with an opportunity to increase rents by up to 8.8%, the pro-forma annual gross rents are projected at approximately $83,700. Each unit is equipped with separate electrical and gas meters, while the property shares one water meter and sewer bill, optimizing operational efficiency. Additionally, a coin-operated laundry room adds convenience and extra income potential.Current rental arrangements are all month-to-month, except for one unit (224), which is secured under a HUD annual contractt, ensuring stability in your investment.Conveniently located near Santa Paula Airport, restaurants, and with easy access to the 126 Freeway, this property offers a prime location for tenants and owners alike. Whether you're looking to maximize rental income or live in one unit while renting out the other two, this triplex provides endless possibilities.BONUS Opportunity! Seller is also offering for sale: (228 S. 4th St, Santa Paula) and (608 E Main St, Santa Paula). Don't miss this rare chance to acquire three income-generating properties.Invest in Santa Paula's thriving rental market today!
Highlights
Summary
- MLS Number: 224005006
- MLS Name: CRMLS
- Office Name: EXP Realty of California Inc
- Office Phone: (888) 584-9427
- Office Email: ca.broker@exprealty.net
- Listing Agent: Ricardo Salazar
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/9/2025, 9:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,150,000
220 Palm Ave
$10,000
closing credit¹
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Seller rebate
0.5% sale price²
Price information
Property sales
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Tax history
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Nearby schools
5
Glen City Elementary School
Public District KG-5
0.5 mi
•141 S Steckel Dr
5
McKevett Elementary School
Public District KG-5
0.9 mi
•955 E Pleasant St
6
Grace Thille Elementary School
Public District KG-5
0.9 mi
•1144 E Ventura St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $74,750. Most Santa Paula, CA residents have annual incomes between $35k-100k. The majority of families are married, with kids. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Basketball
Mexican League Soccer
Hiking/backpacking
Where do the neighbors shop?
Ross Dress For Less
Burlington
Nordstrom Rack
Where do the neighbors go to eat?
Jasons Deli
Church's Chicken
Chipotle
What do the neighbors drive?
Acura
Chevrolet
Mazda
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary
Rock
Frequently asked questions
About 220 Palm Ave
This home is located at 220 Palm Ave in Santa Paula, CA and zip code 93060. This 3,608 square foot home, which was built in 1979, sits on a 0.15 acre lot. Features: 6 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since December 20, 2024 and is currently priced at $1,150,000.
In January 2025 more than 1 listings in Santa Paula, CA were sold above the asking price. During the same period more than 1 listings were sold at asking price, while more than 7 were sold below. The number of homes for sale in Santa Paula, CA increased by 16.3% between December and January 2025. The median list price of listings available in January 2025 was $725,000, while the average time on the real estate market was 70 days.