NOT LISTED FOR SALE
6 Beds
6 Baths
-- Sq Ft
0.25 Acre Lot

Sale Details

Date Sold: August 29, 2022

Last sale price $1,200,000

73 Days on Market

Highlights

  • Cottage
  • Space Heater
  • Lap Siding
  • Laundry Room
  • Level Lot
  • 2-minute walk to Veterans Memorial Park

About This Home

As of August 2022

Investment opportunity near Downtown Santa Paula. 6 detached single family , single story 1+1 cottages, each with a laundry room and all with separate addresses on one large and level lot. Per public records the property is Zoned C-1 allowing 6-9 apartments. The owner believes the units were built in 1950. Gross rents are low and upside opportunity awaits. Unit 920 has an additional sewing room of approximately 110 sq. ft. The roofs were done with permits in 2000 and the vinyl siding added with permits in 2003. Units 916, 918, 920 and 922 have been updated inside (see photos). Unit 926 has had the bathroom remodeled and unit 924 is in near original condition. All units have separate meters for gas and electricity; there is currently only one water meter. There are seven storage sheds on the Southside of the property, each is approximately 120 sq. ft. (10'x12').

Last Agent to Sell the Property

MATT SHEPHERD

Shepherd Realty License #01353572 Listed on: 05/13/2022

Last Buyer's Agent

MATT SHEPHERD

Shepherd Realty License #01353572 Listed on: 05/13/2022

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 10,920 Sq Ft Lot
  • Lot Dimensions are 90' x 120' x 89' x 120'
  • No Common Walls
  • Northwest Facing Home
  • Level Lot
  • No Sprinklers
  • Front Yard

Home Design

  • Cottage
  • Entry on the 1st floor
  • Composition Roof
  • Lap Siding
  • Vinyl Siding

Interior Spaces

  • 1-Story Property
  • Laundry Room

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Parking

  • Public Parking
  • Parking Available
  • On-Street Parking

Additional Features

  • Exterior Lighting
  • Space Heater

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 1030104215

Community Details

Overview

  • 6 Buildings
  • 6 Units
  • Veterans Park

Amenities

  • Laundry Facilities

Building Details

  • 6 Leased Units
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • Insurance Expense $2,544
  • Trash Expense $2,244
  • Water Sewer Expense $9,000
  • Operating Expense $13,788
  • Gross Income $75,780
  • Net Operating Income $61,992

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0.25 Acres

Listing Details

  • Assessments: No
  • Inclusions: range ovens.
  • Improvements Percent: 35.00
  • Park Name: Veterans Park
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Privately Maintained, Paved
  • Subdivision Name Other: Blanchard and Bradley
  • View: No
  • Water Sewer Expenses: 9000.00
  • Zoning: C-1
  • Architectural Style: Cottage
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 1030104215
  • Year Built: 1950
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 204.74
  • Room Type: All Bedrooms Down

Exterior Features

  • Direction Faces: Northwest
  • Fence: No
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Lap Siding, Vinyl Siding

Garage/Parking

  • Parking: Yes
  • Parking Features: Public, Street

Utilities

  • Sprinklers: No
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Space Heater
  • Laundry Features: Individual Room, Inside
  • Sewer: Public Sewer
  • Trash Expense: 2244.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Level, Sprinklers None
  • Lot Size: 90' x 120' x 89' x 120'
  • Lot Size Sq Ft: 10920.00
  • Lot Size Acres: 0.2507

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 589 Square Feet
  • Gross Income: 75780.00
  • Gross Scheduled Income: 75780.00
  • Insurance Expense: 2544.00
  • Lot Size Area: 10920.0000 Square Feet
  • Net Operating Income: 61992.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Number With Carpet: 6
  • Number With Drapes: 6
  • Number With Patio: 6
  • Number With Range: 6
  • Operating Expense: 13788.00
  • Other Expense Description: Last Year Property Tax $3513
  • Rent Control: No
  • Total Actual Rent: 75780.00
  • Total Expenses: 13788.00

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

Listed on
May 13, 2022
Closed on
Aug 9, 2022
Sold by
Denise Howery Stacy
Bought by
Seller's Agent
MATT SHEPHERD
Shepherd Realty
Buyer's Agent
MATT SHEPHERD
Shepherd Realty
List Price
$1,349,000
Sold Price
$1,200,000
Premium/Discount to List
-$149,000
-11.05%
Views
10

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
5.54%
Mortgage Type
Construction

Purchase Details

Listed on
May 13, 2022
Closed on
Aug 5, 2022
Sold by
Hart Bernard P
Bought by
924 Yale Sf Llc
Seller's Agent
MATT SHEPHERD
Shepherd Realty
Buyer's Agent
MATT SHEPHERD
Shepherd Realty
List Price
$1,349,000
Sold Price
$1,200,000
Premium/Discount to List
-$149,000
-11.05%
Views
10

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
5.54%
Mortgage Type
Construction

Purchase Details

Closed on
Apr 10, 1996
Sold by
Staires Elizabeth B
Bought by
Hart Bernard P
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
-- Chicago Title
924 Yale Sf Llc $1,200,000 Chicago Title
Hart Bernard P $190,000 Chicago Title Co
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
Open $1,425,000
Closed 924 Yale Sp Llc $1,250,000
Closed Hart Bernard P $120,000
Closed 924 Yale Sf Llc $72,000
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
08/29/2022 08/29/22 Sold $1,200,000 -1.8% --
07/25/2022 07/25/22 Pending -- -- --
07/15/2022 07/15/22 Price Changed $1,222,000 -9.4% --
05/13/2022 05/13/22 For Sale $1,349,000 -- --
Source: Ventura County Regional Data Share

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 $14,233 $1,486,075 $499,392 $986,683
2024 $14,233 $1,223,940 $489,600 $734,340
2023 $13,934 $1,200,000 $480,000 $720,000
2022 $3,524 $297,401 $187,837 $109,564
2021 $3,514 $291,570 $184,154 $107,416
2020 $3,498 $288,582 $182,267 $106,315
2019 $3,311 $282,925 $178,694 $104,231
2018 $3,270 $277,379 $175,191 $102,188
2017 $3,307 $271,941 $171,756 $100,185
2016 $3,112 $266,610 $168,389 $98,221
2015 $2,980 $262,607 $165,860 $96,747
2014 $3,025 $257,464 $162,612 $94,852
Source: Public Records

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Map

Source: Ventura County Regional Data Share

MLS Number: V1-12473

Ventura County Regional Data Share

APN: 103-0-104-215

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