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
Under Contract
$1,100,000
MULTI_FAMILY - Santa Paula, CA
Property Size3,608 SF
Lot Size0.15 Acres
Price / SF$304.88
Days on Market68
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 2, Bedroom 5, Bedroom 1, Bedroom 3, Bedroom 4
- Standard status
- Active Under Contract
- 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 19 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.
This townhome-style tri-plex includes three units in a single 3,608-square-foot building. Each unit features 2 bedrooms and 1.5 baths, along with a patio, individual storage, and dedicated carport parking. The property is maintained and offered for sale as-is, with instructions not to contact tenants.
Set on a 6,534-square-foot lot, the configuration includes space that may support additional development such as an ADU build-out, according to the listing remarks. One unit also has a backyard running the length of the property.
Additional operating details provided include a laundry room and utility arrangements where gas and electric are billed directly to tenants through separate electric and gas meters for each unit. Water is described as master metered with the water bill paid by the owner.
Set on a 6,534-square-foot lot, the configuration includes space that may support additional development such as an ADU build-out, according to the listing remarks. One unit also has a backyard running the length of the property.
Additional operating details provided include a laundry room and utility arrangements where gas and electric are billed directly to tenants through separate electric and gas meters for each unit. Water is described as master metered with the water bill paid by the owner.
Key Highlights
- Tri‑plex townhomes built in 1979 with 3 rental units
- Each unit offers 2 bedrooms and 1.5 baths
- Each unit is 1,200+/- SF; building totals 3,608+/- SF
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, patios, and dedicated carport parking.
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 townhomes built in 1979 with 3 rental units; Each unit offers 2 bedrooms and 1.5 baths; Each unit is 1,200+/- SF; building totals 3,608+/- SF
