new - 1 day on rocket

220 Palm Ave, Santa Paula, CA, 93060

$1,150,000

Home List Price

$10,000*

Closing Credit

6 Bedrooms
3 Full Baths, 3 Partial
3,608 SqFt
$319/SqFt
House

Location

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220 Palm Ave, Santa Paula$1,150,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeOther
ParkingAssigned, Carport
Year Built1979
MLS #224005006
Lot Size0.15 Acres
StatusActive

About 220 Palm Ave

Prime Triplex Investment Opportunity in Santa Paula!Discover the potential of this three-unit townhouse-style triplex located at 220 South Palm Avenue, in Santa Paula. Each spacious unit features two bedrooms, 1.5 baths, and a two-story layout, offering both functionality and comfort for tenants.This property is an investor's dream, with an opportunity to increase rents by up to 8.8%, the pro-forma annual gross rents are projected at approximately $83,700. Each unit is equipped with separate electrical and gas meters, while the property shares one water meter and sewer bill, optimizing operational efficiency. Additionally, a coin-operated laundry room adds convenience and extra income potential.Current rental arrangements are all month-to-month, except for one unit (224), which is secured under a HUD annual contractt, ensuring stability in your investment.Conveniently located near Santa Paula Airport, restaurants, and with easy access to the 126 Freeway, this property offers a prime location for tenants and owners alike. Whether you're looking to maximize rental income or live in one unit while renting out the other two, this triplex provides endless possibilities.Bonus Opportunity! The seller is offering two additional properties as part of a bundle sale: (608 E. Main Street, Santa Paula), and (224 S. 4th Street, Santa Paula). Don't miss this rare chance to acquire three income-generating properties as a package deal.Invest in Santa Paula's thriving rental market today!

Property Details

Property Features

Property Information:

  • Year Built: 1979
  • Stories: 2
  • Living Area: 3,608 SqFt

Listing Office:

  • Office Name: EXP Realty of California Inc
  • Office Phone: (888) 584-9427
  • Listing Agent: Ricardo Salazar

Interior Features

Interior Information:

  • Appliances: Gas Water Heater, Water Heater

Bedroom and Bathroom Information:

  • Partial Bathrooms: 3
  • Full Bathrooms: 3
  • Total Bedroom Count: 6

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Parking: Assigned, Carport

Lot Features

Lot Information:

  • Lot Size: 0.15 Acres

Other

Directions Information:

  • Directions: Please use Navigating App.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,150,000
  • Price Per SqFt: $319/SqFt
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Housing Market Comparison

See how this home compares to others in Santa Paula, CA.

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Santa Paula, CA

City

Med. Sold Price

$726K

Med. Price/SqFt

$431

Avg. Days On Market

57

# of Sold Homes

11

220 Palm Ave vs Santa Paula

1 DAY ON ROCKET

-56 Days

$1,150,000

+$424K More

$319/SqFt

-$112 Less

KEY TAKEAWAY

This property is $424K more than the Median Sold Price and $112/SqFt less than other homes in Santa Paula, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #224005006

Listing Office:

  • Office Name: EXP Realty of California Inc
  • Office Phone: (888) 584-9427
  • Listing Agent: Ricardo Salazar

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/21/2024, 8:20:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$5,807

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,514

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-782288
5
/10

  • Glen City Elementary School

  • 141 S Steckel Dr

  • 0.48 miles

  • Public District Grades KG-5

school-card-donut-782289
5
/10

  • McKevett Elementary School

  • 955 E Pleasant St

  • 0.87 miles

  • Public District Grades KG-5

school-card-donut-782290
6
/10

  • Grace Thille Elementary School

  • 1144 E Ventura St

  • 0.90 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $74,750. Most Santa Paula, CA residents have annual incomes between $35k-100k. The most common type of family is married, with kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 220 Palm Ave

What is the listing price of this property?

The listing price of 220 Palm Ave property is $1,150,000.

What type of property is this?

The property 220 Palm Ave is a house located in Santa Paula, California, 93060.

Is this property for sale now?

Active Listing: 220 Palm Ave is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 220 Palm Ave has 6 bedrooms and 3 full and 3 half bathrooms.

What is the square footage of this property?

The property 220 Palm Ave is 3,608 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 220 Palm Ave is 1979.

Rocket Homes›California›Ventura County›Santa Paula›93060›220 Palm Ave

This home is located at 220 Palm Ave in Santa Paula, CA and zip code 93060. This 3,608 square foot home, which was built in 1979, sits on a 0.15 acre lot. Features: 6 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since December 20, 2024 and is currently priced at $1,150,000.

Over 3 listings were sold over their listed price in November 2024 in Santa Paula, CA. In the same period over 4 listings were sold below the listed price and 4 listings were sold for the listed price. The number of homes for sale in Santa Paula, CA decreased by 27.4% between October 2024 and November 2024. Listings spent 57 days on the market in November 2024, and had a median list price of $726,000 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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