Additional details

Paul Ward

somis@homeandranchsellingteam.com +1(805) 479-5004

$1,100,000

Est. payment - /mo

44 Beds

28 Baths

16,199 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 16,199 sqft

Price per Sqft $67

MLS Listing ID 26988479

Bedrooms 44

Construction Status Repairs Cosmetic

HOA Y/N No

Year Built 1998

Lot Size 1.030 Acres

Property Description

We are pleased to present an exceptional opportunity to acquire 220 Garcia St, a fourteen (14) unit affordable housing complex in Santa Paula, California. The subject property is situated in a charming Ventura County location, west of Harvard Boulevard and south of E Main Street. Built in 1998, this property contains an excellent unit mix of twelve (12) three-bedroom / two-bathroom units and two (2) four-bedroom / two-bathroom units. The large units, averaging 1,157 SF each, are positioned across seven (7) detached buildings with one accessory laundry building. The units look and feel like single-family dwellings and are surrounded by green yard space. There is a community recreational area available with built-in barbeques and a well updated playground. Ample on-site parking and laundry common area is available for tenant use. Residents will enjoy being less than fifteen (15) miles from the beach along with the locally run business that make this community feel like home. The units are all on a 55-year recorded covenant under CTCAC, limiting the rents to 40% AMI. All other restrictions have been cleared (Buyer to verify). Seller is open to an option to partner with anew Buyer and stay on in an operational and management role. Located in a charming Ventura County location, this offering presents an excellent opportunity for an astute investor to capitalize on a bite-sized affordable housing complex in a rapidly developing market less than fifteen (15) miles to the beach.

Location

State CA

County Ventura

Area Vc53 - S.P. East Of Ojai/S.P. Rd To Center Of Rl

Zoning R-2

Interior

Heating Wall Furnace

Fireplace No

Appliance Barbecue, Dryer, Washer

Laundry Common Area

Exterior

Parking Features Door-Multi, Garage, Guest, One Space, Uncovered

Garage Spaces 28.0

Garage Description 28.0

Pool None

Total Parking Spaces 38

Private Pool No

Building

Lot Description Irregular Lot, Landscaped

Story 2

Entry Level Two

Sewer Other

Level or Stories Two

New Construction No

Construction Status Repairs Cosmetic

Others

Senior Community No

Tax ID 1010281315

Special Listing Condition Standard

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Listed by John Boyett CBRE #02056759

Nearby School & Business

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Paul Ward

+1(805) 479-5004

Agent License ID: 01354001

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220 Garcia ST Santa Paula, CA 93060

Paul Ward

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

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