321 Walnut Street, Santa Paula, CA 93060
Local realty services provided by:CENTURY 21 LOTUS
321 Walnut Street,Santa Paula, CA 93060
$899,000
- - Beds
- - Baths
- 2,281 sq. ft.
- Multi-family
- Pending
Listed by: kay wilson-bolton
Office: exp realty of california inc805-340-5025
MLS#:V1-36040
Source:CRMLS
Price summary
- Price:$899,000
- Price per sq. ft.:$394.13
About this home
Income Producing Multi Unit Property in Santa Paula's Historic DistrictA rare opportunity to acquire a three-unit residential investment in one of Santa Paula's most stable and historically desirable neighborhoods. This property offers diversified rental income, strong tenant demand, and multiple paths for value creation.Investment Highlights Three total units across two structures Front house: 3 bedrooms, 1 bath -- ideal for a higher anchor rent or owner occupancy Rear duplex: Two 1 bed/1 bath units -- consistently in demand among singles, couples, and local workforce renters On site parking for first-come, first-served -- a premium amenity in the historic district Low vacancy location with long term tenant stability Multiple income streams on one parcel, reducing risk exposureOperational Advantages Separate structures create privacy, reducing tenant friction and turnover Straightforward layouts that are easy to maintain Strong rental comps in the area for both 1 bed and 3 bed units Potential to increase rents, modernize interiors, or reposition the front house for premium returnsMarket & Location Strength Situated in Santa Paula's historic district, known for charm, walkability, and steady rental demand Close to downtown amenities, employment centers, schools, and transit Area continues to see rising interest from investors seeking stable, supply constrained marketsUpside Potential Value add opportunities through cosmetic upgrades Potential for improved operating efficiency and stronger year over year cash flow...
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Home facts
- Year built:1900
- Subdivision & Development:Historic District - 0516
- Listing ID #:V1-36040
- Added:183 day(s) ago
- Updated:October 28, 2026 at 08:22 AM
Rooms and interior
- Flooring:Tile, Vinyl
- Kitchen Description:Gas Range
- Living area:2,281 sq. ft.
Heating and cooling
- Heating:Wall Furnance
Structure and exterior
- Roof:Composition
- Year built:1900
- Building area:2,281 sq. ft.
- Lot area:0.14 Acres
- Architectural Style:Cottage
- Construction Materials:Stucco
- Foundation Description:Raised, Slab
Utilities
- Water:Public
Finances and disclosures
- Price:$899,000
- Price per sq. ft.:$394.13
Features and amenities
- Laundry features:Outside
- Amenities:Carbon Monoxide (CO2) Detector
Parking
- Total parking spaces:2
- Parking description:Driveway
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