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321 Walnut Street

Santa Paula, CA 93060
  • $899,000
  • STATUS: Active
  • ON SITE: 15 Days
  • ID#: V1-36040
UPDATED: 133 min ago
$899,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1900
County:

School Ratings & Info

Listing Agent(s): Kay Wilson-Bolton of eXp Realty of California Inc ((805) 340-5025)


Description

Income Producing Multi Unit Property in Santa Paula's Historic DistrictA rare opportunity to acquire a three-unit residential investment in one of Santa Paula's most stable and historically desirable neighborhoods. This property offers diversified rental income, strong tenant demand, and multiple paths for value creation.Investment Highlights Three total units across two structures Front house: 3 bedrooms, 1 bath -- ideal for a higher anchor rent or owner occupancy Rear duplex: Two 1 bed/1 bath units -- consistently in demand among singles, couples, and local workforce renters On site parking for first-come, first-served -- a premium amenity in the historic district Low vacancy location with long term tenant stability Multiple income streams on one parcel, reducing risk exposureOperational Advantages Separate structures create privacy, reducing tenant friction and turnover Straightforward layouts that are easy to maintain Strong rental comps in the area for both 1 bed and 3 bed units Potential to increase rents, modernize interiors, or reposition the front house for premium returnsMarket & Location Strength Situated in Santa Paula's historic district, known for charm, walkability, and steady rental demand Close to downtown amenities, employment centers, schools, and transit Area continues to see rising interest from investors seeking stable, supply constrained marketsUpside Potential Value add opportunities through cosmetic upgrades Potential for improved operating efficiency and stronger year over year cash flow

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Based on information from California Regional Multiple Listing Service, Inc. as of 2026-05-13T00:28:59.053. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Empire Properties. Licensed in the State of California, USA.
www.inlandempiresold.com/homes/175850413
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321 Walnut Street Santa Paula, CA 93060

  • Price: $899,000
  • Status: Active
  • On Site: 15 Days
  • Updated: 133 min ago
  • ID#: V1-36040
0
Beds
0
Baths
0
½ Baths
0.14
Acres
1900
Built
Neighborhood:
Historic District - 0516
County:
Ventura
Area:
SPL - Santa Paula
Property Description
Income Producing Multi Unit Property in Santa Paula's Historic DistrictA rare opportunity to acquire a three-unit residential investment in one of Santa Paula's most stable and historically desirable neighborhoods. This property offers diversified rental income, strong tenant demand, and multiple paths for value creation.Investment Highlights Three total units across two structures Front house: 3 bedrooms, 1 bath -- ideal for a higher anchor rent or owner occupancy Rear duplex: Two 1 bed/1 bath units -- consistently in demand among singles, couples, and local workforce renters On site parking for first-come, first-served -- a premium amenity in the historic district Low vacancy location with long term tenant stability Multiple income streams on one parcel, reducing risk exposureOperational Advantages Separate structures create privacy, reducing tenant friction and turnover Straightforward layouts that are easy to maintain Strong rental comps in the area for both 1 bed and 3 bed units Potential to increase rents, modernize interiors, or reposition the front house for premium returnsMarket & Location Strength Situated in Santa Paula's historic district, known for charm, walkability, and steady rental demand Close to downtown amenities, employment centers, schools, and transit Area continues to see rising interest from investors seeking stable, supply constrained marketsUpside Potential Value add opportunities through cosmetic upgrades Potential for improved operating efficiency and stronger year over year cash flow
Exterior Features

Architectural Style Cottage Construction Materials Stucco Direction Faces West Fencing Chain Link Foundation Details RaisedSlab Lot Features Sprinklers None Number Of Separate Electric Meters 3 Parking Features Driveway Parking Total 2 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Roof Composition Spa Features None Spa YN No View None View YN No

Interior Features

Appliances Gas Range Common Walls 1 Common Wall Cooling None Cooling YN No Fireplace Features None Fireplace YN No Flooring TileVinyl Heating Wall Furnace Heating YN Yes

Property Features

Additional Parcels YN No Association Fee 0 Community Features Sidewalks Electric Expense 11 Exclusions All of tenants belongings Fuel Expense 0 Garage YN No Gross Income 39000 Gross Scheduled Income 39000 Inclusions None Insurance Expense 0 Land Lease YN No Laundry Features Outside Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms ConventionalFHA Net Operating Income 0 New Construction YN No Number Of Separate Gas Meters 3 Number Of Separate Water Meters 1 Number Of Units Leased 3 Operating Expense 0 Possession Close Of Escrow Property Condition FixerRepairs Cosmetic Rent Control YN No Security Features Carbon Monoxide Detector(s)Smoke Detector(s) Senior Community YN No Special Listing Conditions Trust Tenant Pays ElectricityGas Total Actual Rent 3250 Trash Expense 0 Utilities Cable AvailableElectricity ConnectedNatural Gas Connected Water Sewer Expense 0 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2026-05-13T00:28:59.053. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Empire Properties. Licensed in the State of California, USA.
 
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RE/MAX Empire Properties
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Hemet CA, 92545
Listing Agent(s): Kay Wilson-Bolton of eXp Realty of California Inc ((805) 340-5025)