407 OJAI RD
SANTA PAULA, CA 93060
$2,895,000
N/A Beds
0 Baths
N/A Sq Ft
Status Active Under Contract
MLS# V1-20740
Completely renovated 'inside and out' in 2022, this 5% cap 8-unit property is situated within a gated community that offers its tenant community privacy and security. With its highly desired individual 3 Bedroom cottage-style units that offer laundry hook-ups, this apartment community has been able to generate generous rents of about $2,400/unit. Its gross annual rent of $232,000 on the asking price of $2,895,000 equates to a 12.5 GRM. Specific property updates include all new electrical, plumbing, interior flooring, walls, bathrooms, and kitchens. This property will undoubtedly appeal to those investors seeking a 'turnkey' investment in the strong rental community of Santa Paula.
Details for 407 OJAI RD
Built in 1940
0 parking spaces
None
Wall Furnace
198 Days on website
0.397 acres lot