Deborah Gates
eXp Realty of Greater Los Angeles Inc.
(805) 433-9293
280 Total Sales
1 in Santa Paula
$763,000 Price
407 Ojai Rd Santa Paula, CA 93060
Santa Paula AreaEstimated Value: $2,480,080
Studio
--
Bath
--
Sq Ft
0.4
Acre Lot
About This Home
As of July 2024Completely 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.
Last Agent to Sell the Property
Apartment Investment Specialists License #00682741 Listed on: 05/03/2024
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1940
Lot Details
- Property is in excellent condition
Utilities
- Cooling System Mounted In Outer Wall Opening
- Individual Gas Meter
Listing and Financial Details
- Assessor Parcel Number 101-0-141-265
Community Details
Overview
- 8 Units
Building Details
- Operating Expense $79,264
- Gross Income $231,780
- Net Operating Income $145,563
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
May 9, 2024
Sold by
Bought by
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,375,000
Interest Rate
7.03%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 13, 2021
Sold by
Bought by
Purchase Details
Closed on
Aug 10, 2021
Sold by
Bought by
Purchase Details
Closed on
Sep 7, 2017
Sold by
Bought by
Purchase Details
Closed on
Sep 23, 2003
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
5.98%
Mortgage Type
Commercial
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Santa Paula, CA
-
Deborah Gates
-
Sergio Becerra Casillas
Sergio Becerra Casillas
RE/MAX Gold Coast-Beach Marina Office
(805) 793-0561
36 Total Sales
4 in Santa Paula
$675K - $865K Price Range
-
Trey Beltran
Trey Beltran
Responds QuicklyEquity Union
(818) 639-7581
23 Total Sales
2 in Santa Paula
$860K - $1.2M Price Range
-
Jorge Deleon
Jorge Deleon
eXp Realty of California Inc.
(805) 973-9591
23 Total Sales
1 in Santa Paula
$419,000 Price
-
Veronica Licea
Veronica Licea
Coldwell Banker Realty
(805) 793-1254
48 Total Sales
1 in Santa Paula
$280,000 Price
-
Marianne Romo
Marianne Romo
Keller Williams Westlake
(805) 303-5079
45 Total Sales
1 in Santa Paula
$725,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $2,692,000 | Fidelity National Title | ||
| $1,475,000 | Lawyers Title | ||
| -- | -- | ||
| -- | None Available | ||
| -- | Old Republic Title Company |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $1,375,000 | ||
| Previous Owner | $1,680,000 | ||
| Previous Owner | $250,000 | ||
| Previous Owner | $105,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/16/2024 07/16/24 | Sold | $2,691,620 | 0.0% | -- |
| 05/03/2024 05/03/24 | Pending | -- | -- | -- |
| 05/02/2024 05/02/24 | Off Market | $2,691,620 | -- | -- |
| 03/03/2024 03/03/24 | For Sale | $2,895,000 | +7.6% | -- |
| 03/02/2024 03/02/24 | Off Market | $2,691,620 | -- | -- |
| 11/13/2023 11/13/23 | Price Changed | $2,895,000 | -1.9% | -- |
| 11/03/2023 11/03/23 | For Sale | $2,950,000 | -- | -- |
Source: Santa Barbara Multiple Listing Service
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $17,786 | $2,691,620 | $600,000 | $2,091,620 |
| 2024 | $17,786 | $1,534,428 | $624,240 | $910,188 |
| 2023 | $17,412 | $1,504,420 | $612,000 | $892,420 |
| 2022 | $16,912 | $1,475,000 | $600,000 | $875,000 |
| 2021 | $2,102 | $171,525 | $73,206 | $98,319 |
| 2020 | $2,093 | $169,768 | $72,456 | $97,312 |
| 2019 | $1,983 | $166,440 | $71,036 | $95,404 |
| 2018 | $1,959 | $163,178 | $69,644 | $93,534 |
| 2017 | $1,981 | $159,979 | $68,279 | $91,700 |
| 2016 | $1,867 | $156,843 | $66,941 | $89,902 |
| 2015 | $1,789 | $154,489 | $65,937 | $88,552 |
| 2014 | $1,816 | $151,465 | $64,647 | $86,818 |
Source: Public Records
Agents Affiliated with this Home
-
Craig Lieberman
Seller's Agent in 2024
Craig Lieberman
Apartment Investment Specialists
(805) 687-5557
27 Total Sales
-
Nick Henry
Buyer's Agent in 2024
Nick Henry
Beachside Partners
(805) 705-7311
56 Total Sales
Map
Source: Santa Barbara Multiple Listing Service
MLS Number: 23-3326
APN: 101-0-141-265
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