228 S 4th Street, Santa Paula, ResidentialIncome

$ 1,069,980

Overview

  • Updated On:
  • August 7, 2025
  • Property ID
  • 62089
  • 0.16 ft2

Description

Welcome to 228, 230, 228½, and 230½ S. 4th Street in the heart of Santa Paula — an exceptional multi-unit investment opportunity perfect for both seasoned investors and those looking to expand their real estate portfolio. This unique property features two duplexes situated on one lot, offering a total of four income-generating units and a combined 1,924 square feet of living space. The front duplex consists of two spacious 1-bedroom, 1-bathroom units, ideal for long-term tenants seeking comfort and convenience. At the rear of the property, you’ll find two bachelor units located above four detached garages, maximizing use of space and providing additional rental income. Each unit is currently occupied by reliable, long-term tenants, making this a truly turnkey investment with strong cash flow from day one. In addition to its current income-producing setup, this property offers tremendous upside potential. With a generous lot size and favorable layout, there’s a major opportunity to add square footage or build an Accessory Dwelling Unit (ADU) — expanding your rental income and increasing the overall value of the property. Whether you’re interested in redevelopment, increasing rental yields, or simply securing a well-maintained asset in a desirable area, this property checks all the boxes. Don’t miss out on this rare chance to own a versatile and high-potential property in the charming and centrally located community of Santa Paula.

Address: 228 S 4th Street
State/County:
Zip: 93060
Country: United States

Property Id: 62089
Price: $ 1,069,980
Property Lot Size: 0.16 ft2
Accessibility Features: Parking
Building Area Total: 1924
Building Area Units: SquareFeet
Common Wall: NoCommonWalls
Community Features: Curbs,StormDrains,StreetLights,Suburban
Contract Status Change Date: 2025-06-20
Cooling: CentralAir
Cumilative Days on Market: 137
Days on Market: 4
Directions: Take CA-126 W, exit 10th St, then turn onto S 4th St.
Electric: ElectricityOnProperty
Electric Expense: 200
Elevation Units: Feet
Entry Level: 1
Entry Location: Front
Fencing: Block
Flooring: Wood
Fuel Expense: 85
Garage Spaces: 4
Gross Income: 5480
Gross Scheduled Income: 5480
Heating: Central,WallFurnace
Insurance Expense: 217
Laundry Features: SeeRemarks
Levels: One
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: 2025-06-20
Listing ID: SR25149456
Listing Service: FullService
Listing Terms: Cash,Conventional,Exchange1031,FHA,VaLoan
Lot Features: ZeroToOneUnitAcre,BackYard,FrontYard,Lawn,Landscaped,Level,SprinklerSystem,Yard
Lot Size Area: 6969
Lot Size Source: Assessor
Lot Size Square Feet: 6969
Lot Size Units: SquareFeet
MLS Area Major: SPL - Santa Paula
Major Change Type: PriceChange
MLS Status: Active
Net Operating Income: 4353
Number of Buildings: 2
Number of Seperate Electric Meters: 4
Number of Seperate Gas Meters: 4
Number of Seperate Water Meters: 1
Number of Units Total: 4
On Market Date: 2025-07-08
Open Parking Spaces: 3
Operating Expense: 1127
Original List Price: 1049000
Parcel Number: 1030211175
Parking Features: Driveway,Garage,OnSite,Private
Parking Total: 7
Photos Count: 23
Postal Code Plus 4: 3302
Previous List Price: 1049000
Road Frontage Type: CityStreet
Road Surface Type: Paved
Security Features: CarbonMonoxideDetectors,SmokeDetectors
Sewer: PublicSewer
State or Province: CA
Stories: 1
Stories Total: 2
Street Dir Prefix: S
Street Name: 4th
Street Number: 228
Street Suffix: Street
Tax Lot: 35
Trash Expense: 190
Utilities: ElectricityConnected,NaturalGasConnected,SewerConnected,WaterConnected
View: Neighborhood
Water Sewer Expense: 475
Water Source: Public
Year Built: 1927
Zoning: R-2D

Other Features
Additional Parcel
Association
BedroomOnMainLevel
CeilingFans
Fireplace
GasRange
Has a View
Has Cooling System
Has Garage
Has Heating System
Land Lease
MainLevelPrimary
New Construction
Private Pool
Property Attached
RangeHood
Refrigerator
Rent Control
Senior Community
Storage

$ 6,246.62
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 5,132.06

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