4.57% Cap Rate. $285,433 NOI. 350 S Steckel Drive is an attractive 24-unit apartment building with a strong value add component simply by raising rents. The property is on a quiet street in Santa Paula with (16) 1BD/1BA and (8) 2BD/1BA units. The complex features a pool, 24 carports, 12 uncovered onsite parking spots, ample street parking, onsite laundry, and separate (electric and gas) meters. The entire property was re-plumbed over the last year, including all new copper supply lines to both buildings and brand-new water heaters. Every unit has been renovated. Shopping, restaurants, Teague Park and Hwy 126 are nearby for convenience. Ventura and Oxnard beaches and parks are a quick 15 mile drive away. Marketing Package is in the documents.
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