25
See all 25 photos
$712,980
Est. payment /mo
4 Beds
2 Baths
New
435 S Palm Avenue Santa Paula, CA 93060
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR25149479
Bedrooms 4
Property Sub-Type Res Income 2-4 Units
Property Description
Welcome to 435 & 435 S. Palm Ave, a rare and valuable investment opportunity located in the heart of Santa Paula. This unique property features two detached single-family homes on one lot, each offering 2 bedrooms and 1 bathroom, with a combined total of approximately 1,312 square feet of living space. Set on a generous 6,000 sq ft lot, this versatile property is ideal for investors looking to generate immediate income or for homeowners seeking a multi-generational living setup with future development potential. Each unit is separately metered, and tenants pay all utilities, providing a low-maintenance and cost-efficient investment. Both homes enjoy off-street parking, and although there are no garages, the layout offers convenience and privacy for each household. The property is currently occupied by reliable, long-term tenants, ensuring steady cash flow from day one. What truly sets this property apart is its development potential. With ample lot space and favorable zoning, there's an excellent opportunity to add on to the existing structures or build an Accessory Dwelling Unit (ADU) to further increase rental income or accommodate extended family. Whether you're a seasoned investor looking to expand your portfolio or a savvy buyer exploring multi-unit living with added upside, 435 & 435 S. Palm Ave offers flexibility, income, and future growthall in a charming and well-located Santa Paula neighborhood.
Location
State CA
County Ventura
Zoning Assessor
Direction Take CA-126?W, exit 10th St/Palm Ave, then turn onto S Palm Ave.
Interior
Cooling Central Forced Air
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Tax ID 1040061395
Listed by Clayton Wenger Real Broker