1208 E Ventura St Santa Paula, CA 93060

This multi-family apartment building is located in an established residential neighborhood within walking distance of Santa Paula's historic district. The property is suitable for investors seeking durable cash flow in a supply-constrained Ventura County market. The complex features 10 units, each with a desirable 2-bedroom, 1-bathroom configuration and a history of full occupancy. Two of the units have been upgraded and are achieving $2,200 in monthly rent. A community laundry room provides additional income and could be expanded. Each unit includes a covered parking space. The property features low-maintenance landscaping. Santa Paula does not have additional rent control laws beyond what the State requires. Historic downtown Santa Paula, with its restaurants, retail, services, museums, and entertainment destinations, is a short walk away. The property offers access to Highway 150 and the 126 freeway. Schools, parks, and sports fields are nearby. The City of Santa Paula and Ventura County overall, continue to be in short supply of housing. The difficulty in permitting new projects throughout Ventura County and financing those developments means existing assets with remodel potential are in higher demand. The City of Santa Paula is serviced by Highway 126 which connects to Los Angeles via the 5 Freeway and to the Ventura. The City of Santa Paula is located approximately 65 miles northwest of Los Angeles, 30 miles from Valencia and approximately 14 miles east of Ventura and the Pacific Ocean coastline. Santa Paula is in the geographical center of Ventura County and has a rich historical agricultural and oil history highlighted by numerous downtown museums. The Santa Clara river flows through the city, which is surrounded by rolling hills and mountain peaks. The numerous orange, lemon and avocado groves quickly remind you why Santa Paula is referred to as the “Citrus Capital of the World.” The heart of the City is the Historic Downtown Santa Paula District with its vibrant cultural heritage, numerous restaurants, shops and services and lively entertainment. The property size is 8798 square feet.