#224005008, Ricardo Salazar, Listing Office: EXP Realty of California Inc
![EXP Realty of California Inc MLS Logo](https://rocket.com/homes/mls-logos/IDX_580.png)
$10,000
closing credit¹
228 4th St Santa Paula, CA 93060
Property details
About 228 4th St
Exceptional Fourplex with ADU Potential - Prime Investment Opportunity!This income-generating fourplex presents a rare chance for both seasoned and first-time investors to expand their portfolio. Featuring two duplexes, the property includes:Two 1-bedroom, 1-bath units and two studio units. Units 228(1/2) and 230(1/2): Situated above four one-car garages, adding tenant convenience and potential additional rrevenue.Pro-Forma Annual Gross Rents projected at $76,800, highlighting room for growth based on current rents from two of the four units.Key Features: Individual electrical and gas meters for each tenant simplifies management and billing. Potentially add two Accessory Dwelling Units (ADUs), significantly increasing rental income. Month-to-Month Leases offer flexibility for future rental adjustments to maximize returns.Strong Cash Flow: This property is designed to generate reliable income with upside potential.Prime Location:Conveniently located near the Santa Paula Airport, local restaurants, and with easy access to the 126 Freeway, this property offers a sought-after location for tenants while ensuring long-term rental demand.BONUS Opportunity! Seller is also offering for sale: (608 E Main St, Santa Paula) and (220 S Palm Ave, Santa Paula). Don't miss this rare chance to acquire three income-generating properties.Don't miss your chance to invest in Santa Paula's thriving rental market.
Highlights
Summary
- MLS Number: 224005007
- 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.
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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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![bungalow-style home with a yard](/homes/listing-images/50428124_S0405/S0405/S0405-R0100/1100535609/2003731306101.jpg?version=1737373404&width=640)
$1,100,000
228 4th St
$10,000
closing credit¹
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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
0.6 mi
•141 S Steckel Dr
6
Grace Thille Elementary School
Public District KG-5
0.7 mi
•1144 E Ventura St
5
McKevett Elementary School
Public District KG-5
0.8 mi
•955 E Pleasant 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 $26,250. Typical income of Santa Paula, CA residents is less than $<35k annually. Residents typically live in married, with kids family. Most residents in this area have high school diploma education.
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Frequently asked questions
About 228 4th St
This home is located at 228 4th St in Santa Paula, CA and zip code 93060. This 1,924 square foot home, which was built in 1927, sits on a 0.16 acre lot. Features: 4 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since December 20, 2024 and is currently priced at $1,100,000.
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.