Quadplex with Detached Garages and ADU
For Sale
$949,900
228 S 4th Street, Santa Paula, CA 93060
MULTI_FAMILY - Santa Paula, CA
Property Size1,924 SF
Lot Size0.16 Acres
Price / SF$493.71
Days on Market80
Property Features for 228 S 4th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 2, Bathroom 1, Bedroom 1, Bathroom 4, Bathroom 2, Bathroom 3
Appliances
Gas Cooktop, Gas Oven
Subdivision
Santa Paula: Other - 0054
Elementary school district
Santa Paula
Middle school district
Santa Paula
High school district
Santa Paula
Standard status
Active
APN
1030211175
Size
1,924 SF
Lot size
0.16 Acres
Utilities
Sewer type
Public Sewer
Heating system
Wall Furnace
Water source
Public
Building Details
Year built
1927
Listing Agency:
Albert Goldberg
(805) 797-3862
Listed By:
Albert Goldberg · License #01067575
(805) 797-3862
Added: May 13
Changed: Jul 31
Last Checked: Jul 31 at 8:06AM
MLS# V1-36396
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.
228 S 4th Street in Santa Paula, CA 93060 presents a four-unit quadplex arranged as two duplexes on one lot. The property totals 1,924 SF and was built in 1927. Each unit has separate electric and gas meters, with tenants responsible for their own gas and electric usage; water is master metered with the water bill paid by the owner. The building is heated with wall furnaces, and in-unit appliances include a gas cooktop and gas oven. The site also includes four detached garages and may offer potential for an ADU build-out.
Utilities are served by public water and public sewer. The property is listed as-is.
Seller notes it is designed to provide separate, self-contained living setups within the four units, while retaining on-site parking through the detached garage configuration.
Utilities are served by public water and public sewer. The property is listed as-is.
Seller notes it is designed to provide separate, self-contained living setups within the four units, while retaining on-site parking through the detached garage configuration.
Key Highlights
- 0.16‑acre lot with a 1,924 SF four‑unit quadplex built in 1927
- Two duplexes on one lot forming a quadplex configuration
- Four detached garages for on‑site parking
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 | $49.1k | $25.50 |
| − Vacancy | −$2.0k | −$1.02 |
| EGI | $47.1k | $24.48 |
| − OpEx | −$14.1k | −$7.34 |
| NOI | $33.0k | $17.14 |
1,924 SF · lease $25.50/SF/yr · vacancy 3.99% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$471.0K
$412.2K – $549.6K
NOI $32,973 @ 7.0% cap · market cap 3.47%
Second Best
Apartment 5plus
$434.5K
$380.2K – $506.9K
NOI $30,413 @ 7.0% cap · market cap 3.20%
Theoretical Best
Office A
$660.5K
$577.9K – $770.6K
NOI $46,235 @ 7.0% cap · market cap 4.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,135
Businesses Nearby
Explore this area
Business Placement
Demographics for 93060, CA
33,859
Population
10,935
Households
3.1
Avg Household Size
35
Median Age
16%
College-Educated
67%
High-School Grad
92.4 sq mi
ZIP Area
366
Density / Sq Mi
$79,606
Median Household Income
$36,202
Median Earnings
$1,678
Median Rent
$582,900
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit quadplex on a 0.16-acre lot with four detached garages and separate electric and gas meters per unit.
Where is this quadplex located?
The property is located at 228 S 4th Street Santa Paula, CA.
What is the asking price?
The asking price for this property is $949,900.
What are key features of this property?
This property features: 0.16‑acre lot with a 1,924 SF four‑unit quadplex built in 1927; Two duplexes on one lot forming a quadplex configuration; Four detached garages for on‑site parking
