4-Unit Apartment
351 S Steckel Drive Santa Paula, CA 93060
For Sale
Under Contract
$1,300,000
MULTI_FAMILY - Santa Paula, CA
Property Size4,386 SF
Lot Size0.18 Acres
Price / SF$296.40
Days on Market41
Property Features for 351 S Steckel Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R4
- Parking features
- Garage
- Appliances
- Dishwasher, Water Heater Central, Gas Oven, Gas Cooktop
- Standard status
- Active Under Contract
- APN
- 1050151155
- Size
- 4,386 SF
- Lot size
- 0.18 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Wall Furnace
- Cooling system
- Window Unit(s), Wall/Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1965
- Floors in Building
- 2
- Flooring type
- Laminate, Carpet, Vinyl
Listing Agency:
Ventura Real Estate Company
(805) 218-4291
Listed By:
Derek Turner · License #01381326
(805) 218-4291
Added: Jun 14
Changed: Jul 24
Last Checked: Jul 24 at 5:06PM
MLS# V1-37001
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 for-sale residential income property consists of four units, each configured as 2-bedroom, 2-bath apartments. The offering is fully occupied, providing rental housing within a compact site.
The property is located at 351 S Steckel Drive in Santa Paula, within Ventura County. The public remarks note convenient access to shopping, schools, dining, parks, and commuter routes.
With a total property size of 4,386 square feet on a 0.18-acre lot, this R4-zoned quadplex-style asset is designed as a straightforward, multi-unit rental investment.
The property is located at 351 S Steckel Drive in Santa Paula, within Ventura County. The public remarks note convenient access to shopping, schools, dining, parks, and commuter routes.
With a total property size of 4,386 square feet on a 0.18-acre lot, this R4-zoned quadplex-style asset is designed as a straightforward, multi-unit rental investment.
Key Highlights
- 4‑unit apartment property with all units configured as 2 bed/2 bath
- Public water and public sewer
- Heating includes wall furnace
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 | $111.8k | $25.50 |
| − Vacancy | −$4.5k | −$1.02 |
| EGI | $107.4k | $24.48 |
| − OpEx | −$32.2k | −$7.34 |
| NOI | $75.2k | $17.14 |
4,386 SF · lease $25.50/SF/yr · vacancy 3.99% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.07M
$939.6K – $1.25M
NOI $75,166 @ 7.0% cap · market cap 5.78%
Second Best
Apartment 5plus
$990.4K
$866.6K – $1.16M
NOI $69,330 @ 7.0% cap · market cap 5.33%
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,399 @ 7.0% cap · market cap 8.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Four fully occupied 2 bed, 2 bath units comprise this residential income property in Santa Paula.
Where is this quadplex located?
The property is located at 351 S Steckel Drive Santa Paula, CA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 4‑unit apartment property with all units configured as 2 bed/2 bath; Public water and public sewer; Heating includes wall furnace
