180 E Pleasant Street, Santa Paula, ResidentialIncome

$ 1,950,000

Overview

  • Updated On:
  • May 24, 2026
  • Property ID
  • 214704
  • 0.33 ft2

Description

This is a solid 7-unit, multi-family asset positioned in an established residential adjacent to Santa Paula’s historic district. This corner-lot property offers a balanced mix of stability, ideal for investors seeking durable cash flow in a supply-constrained Ventura County market.Units are all electric – no gas to the property.**Unit Mix & Income Profile****1 Owner’s Unit: Single-story **2BR residence with attached garage**–well-suited for owner-occupancy or conversion to a premium rent unit.**6 Rental Units: All **2BR/1BA**, a consistently high-demand floor plan that supports strong occupancy and low turnover. Each unit includes a covered carport, enhancing rentability and tenant retention.Balcony inspections completed, and repair bids will be available, ensuring compliance with SB 721. **Community laundry room** provides additional income potential. **Corner lot** improves visibility, access, and long-term redevelopment flexibility. **Long-term ownership and continuous professional management indicate stable historical operations and slightly below-market rents to create stable occupancy, Owner is simply liquidating this asset. **Investment Highlights****Desirable 2BR unit mix** supports strong rent growth and broad tenant appeal. **Low maintenance configuration** with simple, repeatable floor plans. **High-demand location** near Santa Paula’s historic district, employment centers, and schools. **Potential for rent repositioning** through cosmetic upgrades or modernization of common areas. **Owner’s unit premium** offers optionality: occupy, lease at market, or convert to a higher-yield configuration.

Address: 180 E Pleasant Street
State/County:
Zip: 93060
Country: US

Property Id: 214704
Price: $ 1,950,000
Property Lot Size: 0.33 ft2
Architectural Style: Traditional
Building Area Total: 6587
Carport Spaces: 7
Common Wall: TwoCommonWallsOrMore,OneCommonWall
Community Features: StreetLights,Sidewalks
Construction Materials: Stucco
Contract Status Change Date: 2026-02-07
Cumilative Days on Market: 106
Days on Market: 106
Direction Faces: East
Directions: From Hwy 126, north at the Palm Avenue Exit; stay north past Santa Paula Street. The units are on the corner of Palm Avenue and Pleasant Street.Please do not disturb tenants or go on the property.
Documents Count: 1
Fencing: SeeRemarks
Flooring: Carpet,Vinyl
Foundation Details: Slab
Garage Spaces: 8
Garden Expense: 12974
Gross Income: 180482
Gross Scheduled Income: 180482
Heating: Electric,SeeRemarks
Insurance Expense: 15000
Laundry Features: CommonArea
Levels: Two
List Agent AOR: VenturaCoastal
List Agent Direct Phone: (805) 340-5025
List Agent Email: kay@realestatemagic.com
List Agent Name: Kay Wilson-Bolton
List Agent MLS ID: V211501924
List office AOR: VenturaCoastal
List office Email: kay@realestatemagic.com
List office MLS ID: VC40102094
List office Phone: (805) 340-5025
Listing Agreement: ExclusiveRightToSell
Listing Contract Date: 2026-02-07
Listing ID: V1-34553
Listing Service: FullService
Listing Terms: Conventional
Lot Features: CornerLot,StreetLevel
Lot Size Area: 14374
Lot Size Source: Assessor
Lot Size Square Feet: 14374
Lot Size Units: SquareFeet
MLS Area Major: SPL - Santa Paula
Maintenance Expense: 4760
MLS Status: ActiveUnderContract
Net Operating Income: 127819
Number of Buildings: 1
Number of Seperate Electric Meters: 7
Number of Units Leased: 7
On Market Date: 2026-02-08
Operating Expense: 56662
Original List Price: 2595000
Parcel Number: 1000140305
Parking Features: AttachedCarport,Covered,DoorSingle,Garage
Parking Total: 8
Photos Count: 21
Possession: CloseOfEscrow
Postal City: SANTA PAULA
Previous List Price: 2200000
Professional Management Expense: 10790
Property Condition: RepairsCosmetic
Road Frontage Type: CityStreet
Road Surface Type: Paved
Roof: Composition
Security Features: SmokeDetectors
Sewer: PublicSewer
State or Province: CA
Stories: 2
Stories Total: 2
Street Dir Prefix: E
Street Name: Pleasant
Street Number: 180
Street Suffix: Street
Tenant Pays: CableTv,Electricity
Total Actual Rent: 16533
Trash Expense: 13104
Utilities: ElectricityConnected,NaturalGasNotAvailable,SewerConnected
Vacancy Allowance Rate: 2
Water Sewer Expense: 29373
Water Source: Public
Year Built: 1970

Other Features
Cooling
ElectricRange
Fireplace
Has Carport
Has Garage
Has Heating System
Land Lease
New Construction
Private Pool
Property Attached
Rent Control
Senior Community
Spa
View
WaterHeater

$ 11,384.24
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 9,352.99

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