317 N Ojai St #ABCDE, Santa Paula, ResidentialIncome

$ 850,000

Overview

  • Updated On:
  • February 26, 2026
  • Property ID
  • 60204
  • 0.19 ft2

Description

An amazing Investment Opportunity awaits. Presenting this unique 5-unit property situated in a thriving neighborhood with easy access to essential amenities, cultural attractions, and public transportation. With 5 units, this property promises not just one, but FIVE streams of potential income. The property has four 1+1 units in the front and one permitted detached 2+1 ADU in the back. The ADU has been newly renovated with new windows, new kitchen cabinets, granite counter tops, new flooring, paint, bathroom vanity, custom tiled shower and lighting. There are plenty of parking spaces at the back along with a newly renovated laundry room with new floors, paint, two new washers and two new dryers.The demand for quality multi-family properties is high right now and this property has sustained demand with a high rental occupancy rate. So, whether you are a seasoned investor or exploring multi-unit properties for the first time, this is an opportunity too good to pass up.

Address: 317 N Ojai St #ABCDE
State/County:
Zip: 93060
Country: US

Property Id: 60204
Price: $ 850,000
Property Lot Size: 0.19 ft2
Activation Date: 2024-10-20
Common Wall: NoOneAbove,NoOneBelow
Community Features: Curbs,StormDrains,StreetLights,Sidewalks
Construction Materials: Stucco
Contract Status Change Date: 2024-10-12
Cumilative Days on Market: 703
Days on Market: 493
Directions: From 126 to 10th Street offramp. Take 10th street to Santa Paula Street, make right. Turn left on Ojai Street. Units are on the righthand side.
Electric Expense: 3660
Fencing: Block,Wood,WroughtIron
Flooring: Carpet,Laminate,Tile,Vinyl
Foundation Details: Raised
Fuel Expense: 1320
Gross Income: 74640
Gross Scheduled Income: 69840
Heating: NaturalGas,WallFurnace
Insurance Expense: 2520
Laundry Features: CommonArea,Inside,LaundryRoom
Levels: One
List Agent AOR: VenturaCoastal
List Agent Direct Phone: (805) 701-1219
List Agent Email: rita.goldcoastinvest@yahoo.com
List Agent Name: Rita Reading
List Agent MLS ID: V211510042
List office AOR: VenturaCoastal
List office Email: Gold_Coast_Invest@yahoo.com
List office MLS ID: V3309
List office Phone: (805) 444-6586
Listing Agreement: ExclusiveRightToSell
Listing Contract Date: 2024-10-12
Listing ID: V1-26229
Listing Service: FullService
Listing Terms: Cash,CashToNewLoan,Conventional
Lot Features: SprinklersNone
Lot Size Area: 8100
Lot Size Source: PublicRecords
Lot Size Square Feet: 8100
Lot Size Units: SquareFeet
MLS Area Major: SPL - Santa Paula
MLS Status: ActiveUnderContract
Net Operating Income: 42960
Number of Buildings: 2
Number of Units Leased: 5
On Market Date: 2024-10-20
Operating Expense: 20100
Original List Price: 950000
Other Expense: 1200
Parcel Number: 1010161175
Parking Features: Driveway,OffStreet,OnStreet,Uncovered
Parking Total: 6
Photos Count: 20
Possession: CloseOfEscrow
Postal City: SANTA PAULA
Previous List Price: 895000
Roof: AsbestosShingle
Security Features: CarbonMonoxideDetectors,SmokeDetectors
Sewer: PublicSewer
State or Province: CA
Stories: 1
Stories Total: 1
Street Dir Prefix: N
Street Name: Ojai St #ABCDE
Street Number: 317
Tenant Pays: CableTv,Telephone
Trash Expense: 3600
Water Sewer Expense: 7800
Water Source: Public
Year Built: 1930

Other Features
Cooling
Fireplace
Garage
GasCooktop
GasOven
Has Heating System
Land Lease
Microwave
Private Pool
Property Attached
Refrigerator
Rent Control
Senior Community
Spa
View

$ 4,962.36
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 4,076.94

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