407 N Ojai Road Santa Paula, CA 93060
![Listing image 1](https://thumbnails.expproptech.com?url=https%3A%2F%2Fmedia.crmls.org%2Fmediaz%2F32665a70-3555-4481-b37e-73b43aefeb8f.jpg&v=2&width=1500)
![](https://thumbnails.expproptech.com?url=https%3A%2F%2Fmedia.crmls.org%2Fmediaz%2F4bac204b-3fba-44e4-943a-9a4f24d39d65.jpg&v=2&width=1500)
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.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyVentura
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site41 Days
- MLS StatusContingent
- MLS ID NumberV1-20740
- Home Size Source N/A
- Year BuiltN/A
- Lot Size0.397 Acres
- Full BathsN/A
- Partial BathsN/A
Sell your house quickly!
Get multiple potential cash offers for your home. Fast and hassle-free!
Learn MoreRecent Activity For 407 N Ojai Road Santa Paula, CA 93060
4 weeks ago | |
a month ago |
Don't miss a thing!
Get updates on new activity for this listing
General Features
- Terms Cash
Interior Features
- Cooling N/K
Exterior Features
- Pool N/K
- Irrigation N/K
Community Features
- Spa N/K