Santa Paula Multifamily
228 South 4th Street Santa Paula, CA 93060
228 South 4th Street, Santa Paula, CA, 93060
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For Sale
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Multifamily property in Santa Paula, California, totaling 1,924 square feet.
Property Size1,924 SF
Price / SF$493.76
Days on Market66
Property Features for 228 South 4th Street
General Information
- Standard status
- Active
- Size
- 1,924 SF
- Property subtype
- Multifamily
Listing Agency
Albert Maxwell Goldberg
(310) 721-7653
Listed by
Albert Goldberg · License #01067575
Source
Crexi
Added: May 14 Checked: Jul 15 at 8:01 pm
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 multifamily property is located in Santa Paula, California. The property offers 1,924 square feet of space. It is suitable for residential income purposes.
Key Highlights
- Multifamily property in a desirable location.
- Located in Santa Paula, California.
- Property size: 1,924 square feet.
Local Financial Insights For Apartment 5plus
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 | $57.7k | $30.00 |
| − Vacancy | −$2.4k | −$1.26 |
| EGI | $55.3k | $28.74 |
| − OpEx | −$24.9k | −$12.93 |
| NOI | $30.4k | $15.81 |
1,924 SF · lease $30.00/SF/yr · vacancy 4.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$434.5K
$380.2K – $506.9K
NOI $30,413 @ 7.0% cap · market cap 3.20%
Second Best
—
—
no second resolved use
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Multifamily property - Multifamily property in Santa Paula, California, totaling 1,924 square feet.
Where is this multifamily property located?
The property is located at 228 South 4th Street Santa Paula, CA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Multifamily property in a desirable location.; Located in Santa Paula, California.; Property size: 1,924 square feet.
