220 S Palm Avenue Santa Paula, CA 93060
MULTI_FAMILY - Santa Paula, CA
- Added:
- May 13, 2026
- Days on Market:
- 60
- Last Refresh:
- Jul 11 at 8:06 am
Property Features for 220 S Palm Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 6
- Rooms
- Bedroom 6, Bedroom 5, Bedroom 3, Bedroom 2, Bedroom 4, Bedroom 1
- Standard status
- Active
- APN
- 1050090305
- Size
- 3,608 SF
- Lot size
- 0.15 Acres
Building Details
- Year built
- 1979
Listing agent Albert Goldberg License #01067575 (805) 797-3862
Listing office Albert Goldberg 1169 Shelburn Ln, Ventura, CA 93001, Ventura, CA (805) 797-3862
Listing date May 13, 2026
Copyright © 2026 California Regional MLS - Pasadena-Foothills and Ventura County Coastal. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Tenants receive two dedicated carport spaces per unit, and utility billing is structured with separate electric and gas meters for each unit, with gas and electric paid by the tenants. Water is master metered, with the water bill paid by the owner.
The property is offered for sale as-is, and the remarks request that prospective buyers not speak with tenants.
Key Highlights
- Tri‑plex built in 1979 with 3 units total in a 3,608+/- SF building
- Each unit is a 2‑bed, 1.5‑bath townhome‑style layout
- Each unit offers a patio; one unit includes a backyard running the length of the property
Local Financial Insights For Multifamily LT 5
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 | $92.0k | $25.50 |
| − Vacancy | −$3.7k | −$1.02 |
| EGI | $88.3k | $24.48 |
| − OpEx | −$26.5k | −$7.34 |
| NOI | $61.8k | $17.14 |
