$4,500,000
Santa Paula, CA 93060
MLS# 215005544
Status: Closed
21600 sqft
1 / 18
Property Description
Jaffa groves Town Homes is offering this unique opportunity to own 4 buildings consisting of 25 town homes. The units are two stories with 100% occupancy and a waiting list of renters. The units are all two bedroom/one bath units with a mix of 860, 870 and 900 Sq. ft. units. This highly desirable multi-family unit offers investors the peace of mind year after year with a Net Income of $261,000 yearly and low maintenance due to its 50 year presidential roof and concrete parking lot. Investors can enjoy a 5.83% CAP rate. In addition to seeing the equity increase year over year due to its central location within walking distance to shopping, schools and a park across the street. contact 805-558-6069 for more information.
Details
Maps
Listing, Location and Property Info
List Price/SqFt: 207.18
$/Acre: 4661458.44
Zip + 4: 3431
General Property Information
Construction Status: Unknown
Approx SqFt: 21600
Lot Acres: 0.96
Lot SqFt: 41817
Year Built: 1977
Listing Info
Year Established: 0
Property Info
Accounting Type: Actual
Condo SqFt: 870
Stories Total: 0
Status Change Info
Sold Price/SqFt: 208.33
Pending Date: 2016-03-28
Closed Date: 2016-03-30
Closed Price: 4500000
Terms
Cash: 1
Private Financing Available: 1
Submit: 1
Business/Building Information
Financing Available: Yes
Gross Schedule Rents: 374700
Hours Owner Works: 0
Expenses
Advertising Expense: 120983
Financing
Conventional: 1
Other: 1
Incomes
Gross Operating Income: 260826
Gross Monthly Income: 381789
Sold Terms
Exchange/Trade: 1
Closing Comments
Selling Comments: 1031 tax exchange
Listing Location and Property Info
Status: Closed
Entry Date: 2015-04-16
Current Price: $4,500,000
Listing Price: 4475000
Property Sub-Type: Sale
Street #: 303
Direction: S
Street Name: Steckel
Suffix: Drive
County: Ventura
State/Province: CA
Zip Code: 93060
APN/Tax ID: 1050151225
Area: VC54 - Santa Paula SW
Subdivision/Tract Code: Santa Paula West MHP - 0610
Country: US
BusinessBuilding Information
Cap Rate %: 5.83
Property Features
Financing: Conventional; Other
Sold Terms: Exchange/Trade
Terms: Cash; Private Financing Available; Submit
Listing Office: Seven Star Properties Inc
Listing Agent: Mamdouh R Elalami | mamdouh@sevenstarproperties.com
Agent Email: mamdouh@sevenstarproperties.com
Last Updated: April - 19 - 2021
Based on information from the CSMAR Multiple Listing as of [date the AOR/MLS data was obtained]. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.