Completely renovated ''inside and out'' in 2022, this 5% cap 8-unit property is situated within a gated community that offers its tenant community privacy and security. With its highly desired individual 3 Bedroom cottage-style units that offer laundry hook-ups, this apartment community has been able to generate generous rents of about $2,400/unit. Its gross annual rent of $232,000 on the asking price of $2,895,000 equates to a 12.5 GRM. Specific property updates include all new electrical, plumbing, interior flooring, walls, bathrooms, and kitchens. This property will undoubtedly appeal to those investors seeking a ''turnkey'' investment in the strong rental community of Santa Paula.
Closed
Tax assessed value
$2,691,620
407 N Ojai Rd, Santa Paula, CA 93060
9beds
3baths
--sqft
Multi Family
Built in 1940
-- sqft lot
$-- Zestimate®
$--/sqft
$3,660 Estimated rent
Home value
Not available
Estimated sales range
Not available
$3,660/mo
Zestimate® history
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$16,998/mo
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Zillow last checked:
Listing updated:
Listed by:
Craig Lieberman 00682741 805-320-6646,
Apartment Investment Specialists
Bought with:
Nick Henry, 01748131
Beachside Partners
Source: SBMLS,MLS#: 23-3326
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 3
Features
- Has fireplace: No
Property
Details
- Parcel number: 1010141265
- Zoning: R-3
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Excellent
- Year built: 1940
Community & HOA
Location
- Region: Santa Paula
Financial & listing details
- Tax assessed value: $2,691,620
- Annual tax amount: $30,602
- Date on market: 5/3/2024
- Cumulative days on market: 183 days
- Listing terms: Cash
- Total actual rent: 19315
Price history
| Date | Event | Price |
|---|---|---|
| 7/16/2024 | Sold | $2,691,620-7% |
Source:  SBMLS #23-3326 Report a problem | ||
| 5/3/2024 | Pending sale | $2,895,000 |
Source: SBMLS #23-3326 Report a problem | ||
| 5/3/2024 | Listing removed | -- |
Source: SBMLS #23-3326 Report a problem | ||
| 11/13/2023 | Price change | $2,895,000-1.9% |
Source: SBMLS #23-3326 Report a problem | ||
| 11/3/2023 | Listed for sale | $2,950,000+0% |
Source: SBMLS #23-3326 Report a problem | ||
| 6/13/2023 | Listing removed | -- |
Source: SBMLS #23-374 Report a problem | ||
| 3/29/2023 | Pending sale | $2,949,900 |
Source: SBMLS #23-374 Report a problem | ||
| 3/9/2023 | Price change | $2,949,9000% |
Source: SBMLS #23-374 Report a problem | ||
| 2/13/2023 | Listed for sale | $2,950,000+100% |
Source: SBMLS #23-374 Report a problem | ||
| 11/30/2021 | Sold | $1,475,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $30,602 +75.8% | $2,691,620 +75.4% |
| 2024 | $17,412 -33.5% | $1,534,428 +2% |
| 2023 | $26,195 +54.9% | $1,504,420 +2% |
| 2022 | $16,912 +704.5% | $1,475,000 +759.9% |
| 2021 | $2,102 +0.4% | $171,525 +1% |
| 2020 | $2,093 +5.5% | $169,768 +2% |
| 2019 | $1,983 +1.2% | $166,440 +2% |
| 2018 | $1,959 -1.1% | $163,178 +2% |
| 2017 | $1,981 +6.1% | $159,979 +2% |
| 2016 | $1,867 +4.4% | $156,843 +1.5% |
| 2015 | $1,789 -1.5% | $154,489 +2% |
| 2014 | $1,816 | $151,465 +0.5% |
| 2013 | -- | $150,782 +2% |
| 2012 | -- | $147,827 +2% |
| 2011 | -- | $144,929 +0.5% |
| 2009 | -- | $144,192 +4% |
| 2007 | -- | $138,595 +2% |
| 2006 | -- | $135,879 +2% |
| 2005 | -- | $133,215 +3.9% |
| 2003 | -- | $128,212 +2% |
| 2002 | -- | $125,699 +2% |
| 2001 | $1,407 +1.6% | $123,236 +2% |
| 2000 | $1,385 | $120,820 |
Find assessor info on the county website
Neighborhood: 93060
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Nearby schools
GreatSchools rating
- 3/10Barbara Webster ElementaryGrades: K-6Distance: 0.1 mi
- 4/10Isbell MiddleGrades: 7-8Distance: 0.8 mi
- 5/10Santa Paula HighGrades: 9-12Distance: 0.6 mi
- California
- Ventura County
- Santa Paula
- 93060
- 407 N Ojai Rd
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