220 S Palm Avenue, Santa Paula, ResidentialIncome

$ 1,171,980

Overview

  • Updated On:
  • August 7, 2025
  • Property ID
  • 61995
  • 0.15 ft2

Description

Welcome to 220, 222, and 224 S. Palm Avenue — an exceptional investment opportunity offering three expansive townhouse-style apartment units in a desirable and centrally located neighborhood. With a combined total of approximately 3,608 square feet, each unit spans about 1,200 sq ft and features a thoughtfully designed layout with 2 spacious bedrooms and 1.5 bathrooms, making them highly attractive to long-term tenants seeking both comfort and functionality. Each unit boasts its own private patio area, ideal for outdoor relaxation or entertaining guests. Additional conveniences include individual storage closets and two dedicated carport parking spaces per unit, totaling six covered parking spaces. The townhouse configuration ensures each residence feels more like a private home than a typical apartment, increasing tenant appeal and retention. The property also includes an on-site, coin-operated laundry room that generates consistent additional income. With ample lot space and configuration, there is exciting potential to add an Accessory Dwelling Unit (ADU) for even more rental income or expanded living options. Whether you’re a seasoned investor looking to expand your portfolio or a new buyer seeking a strong income-producing asset, this unique triplex offers the perfect blend of size, function, and future upside. Don’t miss this rare chance to own a high-demand rental property in a thriving rental market.

Address: 220 S Palm Avenue
State/County:
Zip: 93060
Country: United States

Property Id: 61995
Price: $ 1,171,980
Property Lot Size: 0.15 ft2
Accessibility Features: Parking
Building Area Total: 3608
Building Area Units: SquareFeet
Carport Spaces: 6
Common Interest: CommunityApartment
Common Wall: NoCommonWalls
Community Features: Curbs,StormDrains,StreetLights,Sidewalks
Contract Status Change Date: 2025-06-23
Cooling: CentralAir
Cumilative Days on Market: 4
Days on Market: 4
Directions: Take CA-126 W, exit 10th St/Palm Ave, then turn onto Palm Ave for 220–224 S Palm Ave.
Door Features: SlidingDoors
Electric: ElectricityOnProperty
Electric Expense: 215
Elevation Units: Feet
Entry Level: 1
Entry Location: Front
Fencing: Wood
Flooring: Carpet,SeeRemarks,Tile
Fuel Expense: 165
Gross Income: 4400
Gross Scheduled Income: 6700
Heating: Central
Insurance Expense: 209
Laundry Features: CommonArea
Levels: Two
List Agent AOR: Southland
List Agent Email: clay@therise.group
List Agent Name: Clayton Wenger
List Agent MLS ID: SR207091272
List office AOR: Southland
List office Email: cabroker@therealbrokerage.com
List office MLS ID: SR0232701
List office Phone: 855-450-0442
Listing Agreement: ExclusiveRightToSell
Listing Contract Date: 2025-06-23
Listing ID: SR25149472
Listing Service: FullService
Listing Terms: Cash,Conventional,Exchange1031
Lot Features: ZeroToOneUnitAcre,Landscaped,Level
Lot Size Area: 6534
Lot Size Source: Assessor
Lot Size Square Feet: 6534
Lot Size Units: SquareFeet
MLS Area Major: SPL - Santa Paula
Major Change Type: PriceChange
MLS Status: Active
Net Operating Income: 5622
Number of Buildings: 1
Number of Seperate Electric Meters: 4
Number of Seperate Gas Meters: 4
Number of Seperate Water Meters: 1
Number of Units Total: 3
On Market Date: 2025-07-08
Operating Expense: 1278
Original List Price: 1149000
Parcel Number: 1050090305
Parking Features: AttachedCarport,Asphalt,Concrete,Covered,Carport,OnSite,Private,SeeRemarks,SideBySide
Parking Total: 6
Photos Count: 22
Postal Code Plus 4: 3348
Previous List Price: 1149000
Road Frontage Type: CityStreet
Road Surface Type: Paved
Security Features: CarbonMonoxideDetectors,SmokeDetectors
Sewer: PublicSewer
State or Province: CA
Stories: 2
Stories Total: 2
Street Dir Prefix: S
Street Name: Palm
Street Number: 220
Street Suffix: Avenue
Tax Lot: 3
Trash Expense: 167
Utilities: ElectricityConnected,NaturalGasConnected,SewerConnected,WaterConnected
View: Neighborhood
Water Sewer Expense: 460
Water Source: Public
Year Built: 1979
Zoning: R-2D

Other Features
Additional Parcel
Association
Dishwasher
Fireplace
Garage
GasRange
Has a View
Has Carport
Has Cooling System
Has Heating System
Land Lease
LivingRoomDeckAttached
Microwave
New Construction
Private Pool
Property Attached
Refrigerator
Rent Control
Senior Community
Storage

$ 6,842.10
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 5,621.29

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