34.358078 -119.05099

1445 E MAIN Street Santa Paula, CA 93060

235729673 34.358078 -119.05099 124 /listing/235729673-150018499/1445-e-main-street-santa-paula-ca-93060 False 0 1950000.0 105 19452092 False
  • $1,950,000
  • 45,738 lot
  • Est payment $10468.02/mo

Property & Neighborhood Info

Courtesy Of Daniel Withers, Matthews Real Estate Investmen

Multi-Family in Santa Paula

Currently, the offering features twenty studios and one three-bedroom unit sitting on a 1.05-acre lot. To accommodate for the shortage of housing for the local workforce the opportunity currently operates as short-term rentals. Current ownership has explored possible future development at the rear of the property which is currently vacant land. One could potentially develop 45 farm working single occupancy units which would consist of common area bathrooms and a commercial community kitchen cafeteria.This property uniquely positioned within an Opportunity Zone which provides owners with the possibility of deferring or eliminating capital gains in the future. Buyer to conduct their own due diligence, verify development guidelines with the city and consult their tax professional regarding Opportunity Zone benefits. 1445 Main Street is a few miles from The Harvest at Limoneira project that approximately will be fully completed in 2027.

Courtesy Of Daniel Withers, Matthews Real Estate Investmen
  1. 45,738 Lot

Main Features

  • Listing Status: Active
  • Year Built: 1955
  • Floors: 1
  • County: Ventura
  • Units: 21
  • MLS Number:19452092

Additional Features

  • Cooling:
    • See Remarks
  • Laundry:
    • See Remarks
  • Parking:
    • Uncovered
  • Number of Buildings:
    • 1
  • Net Operating Income:
    • 133534.00
  • CDOM:
    • 135
  • Special Conditions:
    • Standard
  • Gross Operating Income:
    • 236964.00
  • Land Value:
    • 862696
  • Lot Size Acres:
    • 1.0500
  • Lot Size Area:
    • 45738.0000
  • Lot Size Square Feet:
    • 45738.00
  • Price Per SQFT:
    • 347.35
  • Tax ID:
    • 1010250045
  • Total Expenses:
    • 103430.00
Neighborhood info courtesy of Homes.com © 2019

What's My Mortgage?

$38,769.95*
*Estimated monthly payment is a starting point to help assist you with your home search. To find out more about mortgage pre-qualification, click here.
Marion Proffitt
Marion Proffitt
Broker Associate
2545 Chino Hills Pkwy. STE #D Chino Hills CA 91709
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34.358078 -119.05099

1445 E MAIN Street Santa Paula, CA 93060

235729673 34.358078 -119.05099 124 /listing/235729673-150018499/1445-e-main-street-santa-paula-ca-93060 False 0 1950000.0 105 19452092 False
  • $1,950,000
  • 45,738 lot
  • Est payment $10468.02/mo