Santa Paula Industrial-Flex
215 N 8th St Santa Paula, CA 93060
215 N 8th St, Santa Paula, CA, 93060
$799,950
For Sale
$799,950
M-1 industrial-flex property with live/work potential near downtown.
Property Size3,600 SF
Price / SF$222.21
Days on Market95
Property Features for 215 N 8th St
General Information
- Standard status
- Active
- Size
- 3,600 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1959
Listing Agency
(805) 850-5443
Listed by
Roylin Downs
(805) 850-5443
Source
Elliman
Added: Apr 13 Checked: Jul 16 at 9:43 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Roylin Downs
Investment Insights
Based on property information with market context.
This unique Santa Paula property offers an M-1 industrial-flex/mixed-use opportunity, featuring 3,600 square feet of space according to the Assessor. The property is currently configured for live/work office and auto-related use, presenting strong appeal for an owner-user. Key features include 3-phase electrical power, an installed air compressor, RV parking, and double gates. There is also open space suitable for parking, storage, or general yard utility. A documented historical conditional use permit for artist live-work/caretaker use is on file; buyers should verify current permitted uses, transferability, and intended use with the City of Santa Paula. The property is centrally located just blocks from downtown restaurants, shops, and local amenities. The bike score is 29, indicating it is somewhat bikeable, and the walk score is 15, indicating car-dependent.
Key Highlights
- M‑1 Industrial‑Flex / Mixed‑Use Property with Live/Work Potential
- Boasting 3,600 sq ft of Usable Space
- Features 3‑Phase Electrical Power
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $95.0k | $26.40 |
| − Vacancy | −$10.1k | −$2.80 |
| EGI | $85.0k | $23.60 |
| − OpEx | −$21.2k | −$5.90 |
| NOI | $63.7k | $17.70 |
3,600 SF · lease $26.40/SF/yr · vacancy 10.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$910.3K
$796.6K – $1.06M
NOI $63,724 @ 7.0% cap · market cap 7.97%
Second Best
Mixed Use
$645.7K
$565.0K – $753.3K
NOI $45,198 @ 7.0% cap · market cap 5.65%
Theoretical Best
Office A
$1.24M
$1.08M – $1.44M
NOI $86,511 @ 7.0% cap · market cap 10.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - M-1 industrial-flex property with live/work potential near downtown.
Where is this flex space located?
The property is located at 215 N 8th St Santa Paula, CA.
What is the asking price?
The asking price for this property is $799,950.
What are key features of this property?
This property features: M‑1 Industrial‑Flex / Mixed‑Use Property with Live/Work Potential; Boasting 3,600 sq ft of Usable Space; Features 3‑Phase Electrical Power
