NOT LISTED FOR SALE

230 W Harvard Blvd Santa Paula, CA 93060

3 Beds
2 Baths
18,338 Sq Ft
0.97 Acres

Last Sold November 28, 2023

Last sale price $6,195,000 $338 Per Sq Ft

9 Days on Market

Highlights

  • 0.97 Acre Lot
  • No HOA
  • Landscaped
  • View of Hills
  • Laundry Room
  • Wall Furnace

About This Home

As of November 2023

Outstanding Opportunity to purchase this multifamily community set back from the street with views of the surrounding foothills. The property consists of (6) 1 Bd + 1 Ba & (18) 2 Bd + 1 Ba with 39 parking spaces including 24 detached enclosed garages. Property is centrally located in Ventura County just off the 126 Freeway and close to Ventura, Fillmore, Ojai and Camarillo. Most units have been updated upon turnover with newer counter tops and flooring materials including vinyl wood flooring and tile, new light fixtures and ceiling fans. About 90% of the plumbing has been updated to PEX which is considered more durable than copper.

The property has had a historically high occupancy. The building has a laundry facility and is separately metered for gas and electric. The area is close to several K-12 school and several colleges. There are a few shopping centers, retail and eating opportunities in the area.

Last Agent to Sell the Property

Greg Trotter

Coldwell Banker Realty License #00978695 Listed on: 08/23/2023

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1984

Lot Details

  • 0.97 Acre Lot
  • Two or More Common Walls
  • Landscaped

Parking

  • 15 Open Parking Spaces
  • 25 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 18,338 Sq Ft Home
  • 2-Story Property
  • Views of Hills
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • Private Water Source

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 2
  • Tax Tract Number 38
  • Assessor Parcel Number 1050110325
  • $46,136 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 24 Units

Amenities

  • Laundry Facilities

Building Details

  • 25 Separate Electric Meters
  • 25 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,450
  • Fuel Expense $1,230
  • Gardener Expense $3,000
  • Insurance Expense $16,847
  • Maintenance Expense $15,217
  • Other Expense $4,800
  • Pest Control $820
  • Professional Management Expense $15,217
  • Supplies Expense $3,500
  • Trash Expense $9,335
  • Water Sewer Expense $35,750
  • New Taxes Expense $71,242
  • Operating Expense $178,408
  • Gross Income $507,220
  • Net Operating Income $313,595

Property Details

Home Type

Multi-Family

Year Built

Built in 1984

Lot Details

0

Parking

25

Listing Details

  • CapRate: 5.06
  • Professional Management Expense: 15217.00
  • Property Attached: Yes
  • Supplies Expense: 3500.00
  • View: Yes
  • Water Sewer Expenses: 35750.00
  • Zoning: C2
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 3000.00
  • Parcel Number: 1050110325
  • Year Built: 1984
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 337.82

Exterior Features

  • View: Hills
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 25.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 40.00
  • Uncovered Spaces: 15.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Pest Control Expense: 820.00
  • Sewer: Public Sewer
  • Trash Expense: 9335.00
  • Water Source: Private

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped
  • Lot Size Sq Ft: 42116.00
  • Lot Size Acres: 0.9669

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 1450.00
  • Fuel Expense: 1230.00
  • Gross Income: 507220.00
  • Gross Multiplier: 12.21
  • Gross Operating Income: 492003.00
  • Gross Scheduled Income: 507220.00
  • Insurance Expense: 16847.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 11500.00
  • Lot Size Area: 42116.0000 Square Feet
  • Maintenance Expense: 15217.00
  • Maintenance Percent: 3.00
  • Net Operating Income: 313595.00
  • Number Of Separate Electric Meters: 25
  • Number Of Separate Gas Meters: 25
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 24
  • Operating Expense: 178408.00
  • Other Expense: 4800.00
  • Other Expense Description: Res Mngr
  • Rent Control: No
  • Total Expenses: 178408.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 71242.00
  • Tax Census Tract: 7.01
  • Tax Lot: 2
  • Tax Tract Number: 38
  • TaxOtherAnnualAssessmentAmount: 46136.00

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/28/2023 11/28/23 Sold $6,195,000 0.0% $338 / Sq Ft
09/01/2023 09/01/23 Pending -- -- --
08/23/2023 08/23/23 For Sale $6,195,000 -- $338 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR23158195

California Regional Multiple Listing Service (CRMLS)

APN: 105-0-110-325