Tri-Plex Townhome-Style
220 S Palm Avenue Santa Paula, CA 93060
220 S Palm Avenue, Santa Paula, CA, 93060
$1,100,000
For Sale
$1,100,000
MULTI_FAMILY - Santa Paula, CA
Property Size3,608 SF
Lot Size0.15 Acres
Price / SF$304.88
Days on Market66
Property Features for 220 S Palm Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 6
- Rooms
- Bedroom 3, Bedroom 2, Bedroom 1, Bedroom 6, Bedroom 5, Bedroom 4
- Standard status
- Active
- APN
- 1050090305
- Size
- 3,608 SF
- Lot size
- 0.15 Acres
Building Details
- Year built
- 1979
Listing Agency
Albert Goldberg
(805) 797-3862
1169 Shelburn Ln, Ventura, CA 93001, Ventura, CA
Listed by
Albert Goldberg · License #01067575
(805) 797-3862
Added: May 13 Checked: Jul 17 at 6:06 am
MLS# V1-36401
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.
Wonderfully designed and built townhome-style tri-plex on a 6,534+/- sf lot, featuring three units in a 3,608+/- sf building. Each unit is described as approximately 1,200+/- sf and offers 2 bedrooms and 1.5 baths. The property includes patios for each rental, with one unit also noted to have a backyard that runs the length of the property. A laundry room is included, along with individual storage for each unit.
Utilities are separately metered for the tenant units: gas and electric bills go directly to the tenants based on separate electric and gas meters. Water is master metered, with the water bill paid by the owner. Each unit is provided two dedicated carport spaces, and the property is sold as-is with a note not to talk to tenants.
The large lot is described as leaving potential for an ADU build-out, with the number of ADUs not specified. FHA or VA is noted as acceptable for this sale.
Utilities are separately metered for the tenant units: gas and electric bills go directly to the tenants based on separate electric and gas meters. Water is master metered, with the water bill paid by the owner. Each unit is provided two dedicated carport spaces, and the property is sold as-is with a note not to talk to tenants.
The large lot is described as leaving potential for an ADU build-out, with the number of ADUs not specified. FHA or VA is noted as acceptable for this sale.
Key Highlights
- Tri‑plex townhome property built in 1979 with 3 units, each 2 bedrooms and 1.5 baths
- Each unit is 1,200+/- SF, within a 3,608+/- SF building, on a 6,534+/- SF lot
- All 3 units have a patio; one unit includes a backyard 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 |
3,608 SF · lease $25.50/SF/yr · vacancy 3.99% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$883.3K
$772.9K – $1.03M
NOI $61,833 @ 7.0% cap · market cap 5.62%
Second Best
Apartment 5plus
$814.7K
$712.9K – $950.5K
NOI $57,032 @ 7.0% cap · market cap 5.18%
Theoretical Best
Office A
$1.24M
$1.08M – $1.45M
NOI $86,703 @ 7.0% cap · market cap 7.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Townhome-style tri-plex with three 2-bedroom, 1.5-bath units, each with a patio, plus dedicated carport and storage.
Where is this triplex located?
The property is located at 220 S Palm Avenue Santa Paula, CA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Tri‑plex townhome property built in 1979 with 3 units, each 2 bedrooms and 1.5 baths; Each unit is 1,200+/- SF, within a 3,608+/- SF building, on a 6,534+/- SF lot; All 3 units have a patio; one unit includes a backyard the length of the property
