Corner-Lot Triplex with Private
New
For Sale
$785,000
415 E Santa Barbara St, Santa Paula, CA 93060
Three living spaces include two tenant-occupied units and a front residence positioned for renovation.
Property Size1,872 SF
Days on Market4
Property Features for 415 E Santa Barbara St
General Information
Standard status
Active
Size
1,872 SF
Property subtype
Investment
Amenities
private yard area
Building Details
Building Size
1,872 SF
Year Built
1921
Tenancy
Multi
Listing Agency:
(805) 218-3009
Listed By:
Lupe Arana
(805) 218-3009
Source:
Elliman
Added: Aug 1
Changed: Aug 2
Last Checked: Aug 3 at 8:57AM
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 Lupe Arana
Investment Insights
Based on property information with market context.
This triplex contains three separate living spaces on a corner lot measuring just under 10,000 sq. ft. Two units are currently tenant occupied, while the front residence is ready for renovation. Each living space has its own private yard area, and the property was built in 1921, retaining its original character alongside opportunities for future improvements.
Located across from office buildings in Santa Paula, the property offers street parking, alley access, and a rear carport. Walkability is limited, with a walk score of 15, while the bike score is 29. The configuration supports continued rental use, renovation of the front residence, or owner occupancy subject to applicable requirements.
Located across from office buildings in Santa Paula, the property offers street parking, alley access, and a rear carport. Walkability is limited, with a walk score of 15, while the bike score is 29. The configuration supports continued rental use, renovation of the front residence, or owner occupancy subject to applicable requirements.
Key Highlights
- Three living spaces on a corner lot just under 10,000 sq. ft.
- Two units currently tenant occupied
- Front residence is ready for renovation
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 | $47.7k | $25.50 |
| − Vacancy | −$1.9k | −$1.02 |
| EGI | $45.8k | $24.48 |
| − OpEx | −$13.7k | −$7.34 |
| NOI | $32.1k | $17.14 |
1,872 SF · lease $25.50/SF/yr · vacancy 3.99% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$458.3K
$401.0K – $534.7K
NOI $32,082 @ 7.0% cap · market cap 4.09%
Second Best
Apartment 5plus
$422.7K
$369.9K – $493.2K
NOI $29,591 @ 7.0% cap · market cap 3.77%
Theoretical Best
Office A
$642.7K
$562.3K – $749.8K
NOI $44,986 @ 7.0% cap · market cap 5.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,101
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?
Triplex - Three living spaces include two tenant-occupied units and a front residence positioned for renovation.
Where is this triplex located?
The property is located at 415 E Santa Barbara St Santa Paula, CA.
What is the asking price?
The asking price for this property is $785,000.
What are key features of this property?
This property features: Three living spaces on a corner lot just under 10,000 sq. ft.; Two units currently tenant occupied; Front residence is ready for renovation
