Well-Maintained Triplex with
220 South Palm Avenue Santa Paula, CA 93060
220 South Palm Avenue, Santa Paula, CA, 93060
Contact for pricing
For Sale
Contact for pricing
Well-maintained three-unit triplex with private townhome-style units and on-site tenant laundry room.
Property Size3,608 SF
Price / SF$304.88
Days on Market69
Property Features for 220 South Palm Avenue
General Information
- Standard status
- Active
- Size
- 3,608 SF
- Property subtype
- Retail, Multifamily
Building Details
- Year Built
- 1979
Listing agency
Albert Maxwell Goldberg
(310) 721-7653
Listed by
Albert Goldberg · License #01067575
Source
Crexi
Added: May 14 Updated: Jul 20 at 6:40PM Checked: Jul 21 at 6:24AM
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 Albert Maxwell Goldberg
Investment Insights
Based on property information with market context.
This well-maintained triplex is offered for sale as-is and features private townhome-style units. The property includes a laundry room for tenants, designed to support day-to-day convenience within the community. Each unit is described as having two bedrooms and 1.5 bathrooms (the listing system may reflect this as a full bath), and the seller notes ADU potential.
The current rents are stated as $2,500, $2,500, and $1,800, with pro forma rents noted as $2,600 per unit. All units are reported to be 2-bedroom layouts with 1.5 baths.
Additional income and expense figures were pending at the time of listing entry and will be updated when provided.
The current rents are stated as $2,500, $2,500, and $1,800, with pro forma rents noted as $2,600 per unit. All units are reported to be 2-bedroom layouts with 1.5 baths.
Additional income and expense figures were pending at the time of listing entry and will be updated when provided.
Key Highlights
- Well‑maintained three‑unit triplex with private townhome‑style layouts
- On‑site tenant laundry room
- All units are 2 bedrooms with 1.5 baths (listed as 2 baths in some systems, but actually 1.5)
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
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Well-maintained three-unit triplex with private townhome-style units and on-site tenant laundry room.
Where is this triplex located?
The property is located at 220 South 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: Well‑maintained three‑unit triplex with private townhome‑style layouts; On‑site tenant laundry room; All units are 2 bedrooms with 1.5 baths (listed as 2 baths in some systems, but actually 1.5)
