Historic District Triplex
For Sale
$899,000
Pending
321 Walnut St, Santa Paula, CA 93060
Three rental units are spread across two structures, with first-come, first-served on-site parking.
Property Size2,281 SF
Days on Market168
Property Features for 321 Walnut St
General Information
Standard status
Pending
Size
2,281 SF
Property subtype
Investment
Building Details
Building Size
2,281 SF
Year Built
1900
Listing Agency:
EXP Realty of California
Listed By:
Kay Wilson-Bolton · License #00577863
(805) 340-5025
Source:
Elliman
Added: May 8
Changed: Oct 17
Last Checked: Oct 20 at 7:22PM
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 EXP Realty of California
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Investment Insights
Based on property information with market context.
This income-producing three-unit residential property is configured across two separate structures. The front unit features three bedrooms and one bath, while the rear duplex provides two one-bedroom, one-bath units.
The property is located in Santa Paula’s historic district. It also includes on-site parking on a first-come, first-served basis.
With three total rental units on one parcel, the layout separates structures to support tenant privacy. The straightforward residential designs are positioned for ongoing maintenance and day-to-day operation.
The property is located in Santa Paula’s historic district. It also includes on-site parking on a first-come, first-served basis.
With three total rental units on one parcel, the layout separates structures to support tenant privacy. The straightforward residential designs are positioned for ongoing maintenance and day-to-day operation.
Key Highlights
- Three total rental units across two separate structures in Santa Paula’s historic district
- Front unit: 3 bed, 1 bath
- Rear duplex: two 1 bed, 1 bath units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,091
Cap Rate
4.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$781,820
$781.8K
Cap Rate 7%
$558,443
$558.4K
Cap Rate 9%
$434,344
$434.3K
Market Conditions
NOI Build-Up for 2,281 SF
Gross rent
$58.2K $25.50/SF
− Vacancy
−$2.3K −$1.02/SF
EGI
$55.8K $24.48/SF
− OpEx
−$16.8K −$7.34/SF
NOI
$39.1K $17.14/SF
Area
Ventura County, CA
Vacancy
3.99%
Lease Rate
$25.50 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$781,820
Cap Rate 7%
$558,443
Cap Rate 9%
$434,344
Alternative Uses
Best Use
Multifamily LT 5
$558.4K
$488.6K – $651.5K
NOI $39,091 @ 7.0% cap · market cap 4.35%
Second Best
Apartment 5plus
$515.1K
$450.7K – $600.9K
NOI $36,056 @ 7.0% cap · market cap 4.01%
Theoretical Best
Office A
$783.1K
$685.2K – $913.6K
NOI $54,814 @ 7.0% cap · market cap 6.10%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
925
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three rental units are spread across two structures, with first-come, first-served on-site parking.
Where is this triplex located?
The property is located at 321 Walnut St Santa Paula, CA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Three total rental units across two separate structures in Santa Paula’s historic district; Front unit: 3 bed, 1 bath; Rear duplex: two 1 bed, 1 bath units
