$2,200,000
$395K PRICE DROP

180 E Pleasant St Santa Paula, CA 93060

Total Views 14,142
14 Beds
9 Baths
6,587 Sq Ft
$334 Price per Sq Ft

Highlights

  • 0.33 Acre Lot
  • Corner Lot
  • 7 Attached Carport Spaces
  • Traditional Architecture
  • Laundry Room
  • East Facing Home

About This Home

This is a solid 7‑unit, multi-family asset positioned in an established residential adjacent to Santa Paula's historic district. This corner‑lot property offers a balanced mix of stability, ideal for investors seeking durable cash flow in a supply‑constrained Ventura County market.Units are all electric - no gas to the property.**Unit Mix & Income Profile****1 Owner's Unit: Single‑story **2BR residence with attached garage**--well‑suited for owner‑occupancy or conversion to a premium rent unit.**6 Rental Units: All **2BR/1BA**, a consistently high‑demand floor plan that supports strong occupancy and low turnover. Each unit includes a covered carport, enhancing rentability and tenant retention.Balcony inspections completed, and repair bids will be available, ensuring compliance with SB 721. **Community laundry room** provides additional income potential. **Corner lot** improves visibility, access, and long‑term redevelopment flexibility. **Long‑term ownership and continuous professional management indicate stable historical operations and slightly below‑market rents to create stable occupancy, Owner is simply liquidating this asset. **Investment Highlights****Desirable 2BR unit mix** supports strong rent growth and broad tenant appeal. **Low maintenance configuration** with simple, repeatable floor plans. **High‑demand location** near Santa Paula's historic district, employment centers, and schools. **Potential for rent repositioning** through cosmetic upgrades or modernization of common areas. **Owner's unit premium** offers optionality: occupy, lease at market, or convert to a higher‑yield configuration.

Listing Agent

Kay Wilson-Bolton

eXp Realty of California Inc License #00577863 Listed on: 02/08/2026

eXp Realty of California Inc

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1970

Lot Details

  • 14,374 Sq Ft Lot
  • 1 Common Wall
  • Two or More Common Walls
  • East Facing Home
  • Fenced
  • Corner Lot
  • Level Lot

Parking

  • 8 Car Garage
  • 7 Attached Carport Spaces
  • Parking Available
  • Single Garage Door

Home Design

  • Traditional Architecture
  • Property Attached
  • Cosmetic Repairs Needed
  • Slab Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 6,587 Sq Ft Home
  • 2-Story Property
  • Fire and Smoke Detector
  • Electric Range

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 9 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Outdoor Features

  • Exterior Lighting

Utilities

  • Heating Available
  • Natural Gas Not Available
  • Water Heater

Listing and Financial Details

  • Assessor Parcel Number 1000140305
  • Seller Considering Concessions

Community Details

Building Details

  • 7 Leased Units
  • 7 Separate Electric Meters
  • Gardener Expense $12,974
  • Insurance Expense $15,000
  • Maintenance Expense $4,760
  • Professional Management Expense $10,790
  • Trash Expense $13,104
  • Water Sewer Expense $29,373
  • Operating Expense $180,482
  • Gross Income $180,482
  • Net Operating Income $127,819

Additional Features

  • Santa Paula: Other 0051 Subdivision
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1970

Lot Details

0.33 Acres

Parking

8

Listing Details

  • Assessments: No
  • CapRate: 5.30
  • Professional Management Expense: 10790.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Smoke Detector(s)
  • Subdivision Name Other: Santa Paula: Other - 0051
  • View: No
  • Water Sewer Expenses: 29373.00
  • Architectural Style: Traditional
  • Property Condition: Repairs Cosmetic
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Gardener Expense: 12974.00
  • Parcel Number: 1000140305
  • Year Built: 1970
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls, 1 Common Wall
  • Flooring: Vinyl, Carpet
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 393.96

Exterior Features

  • Direction Faces: East
  • Foundation: Slab
  • Fence: Yes
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 7.00
  • Garage Spaces: 8.00
  • Parking: Yes
  • Parking Features: Covered, Garage - Single Door, Attached Carport
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Connected, Electricity Connected, Natural Gas Not Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Water Heater, Electric Range
  • Heating Type: Electric
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 13104.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Street Lights, Sidewalks

Lot Info

  • Land Lease: No
  • Lot Features: Corner Lot, Level with Street
  • Lot Size Sq Ft: 14374.00
  • Lot Size Acres: 0.3300

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Average2 Bed Area: 650 Square Feet
  • Gross Income: 180482.00
  • Gross Multiplier: 14.37
  • Gross Scheduled Income: 180482.00
  • Insurance Expense: 15000.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 1876.00
  • Lot Size Area: 14374.0000 Square Feet
  • Maintenance Expense: 4760.00
  • Net Operating Income: 127819.00
  • Number Of Separate Electric Meters: 7
  • Number Of Units Leased: 7
  • Number With Carpet: 6
  • Number With Dishwasher: 7
  • Number With Disposal: 7
  • Number With Drapes: 7
  • Number With Patio: 3
  • Number With Range: 7
  • Operating Expense: 56662.00
  • Rent Control: No
  • Total Actual Rent: 16533.00
  • Total Expenses: 180482.00
  • Vacancy Allowance Rate: 2.00

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $12,717 $1,111,191 $257,563 $853,628
2024 $12,717 $1,089,403 $252,512 $836,891
2023 $12,450 $1,068,043 $247,561 $820,482
2022 $12,094 $1,047,101 $242,706 $804,395
2021 $12,059 $1,026,570 $237,947 $788,623
2020 $12,004 $1,016,046 $235,508 $780,538
2019 $11,345 $996,125 $230,891 $765,234
2018 $11,202 $976,594 $226,364 $750,230
2017 $11,333 $957,446 $221,926 $735,520
2016 $10,649 $938,674 $217,575 $721,099
2015 $10,181 $924,575 $214,307 $710,268
2014 $10,342 $906,465 $210,110 $696,355
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/03/2026 03/03/26 Price Changed $2,200,000 -15.2% $334 / Sq Ft
02/09/2026 02/09/26 Price Changed $2,595,000 +4.0% $394 / Sq Ft
02/08/2026 02/08/26 For Sale $2,495,000 -- $379 / Sq Ft
Source: Ventura County Regional Data Share

About the Listing Agent

Kay Wilson-Bolton

eXp Realty of California Inc

(805) 919-8383

Section Image

Kay has been in full-time real estate since 1976. She is certified competent in many areas of real estate. She is known for her commitment to working early and late and her very hands-on management style. She remains the “first phone” on every transaction, and her market area is comfortably in Ventura County. She has specialties in ranches and land, historic homes, seniors’ real estate, and probate sales. She is a Certified Divorce Consultant, helping people navigate the waters of

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Source: Ventura County Regional Data Share

MLS Number: V1-34553

Ventura County Regional Data Share

APN: 100-0-140-305

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