303 S Steckel Drive, Santa Paula, CA 93060

$4,500,000

Virtual Tour

http://www.obeo.com/u.aspx?ID=990612

Property Type: Commercial Square Footage: 21,600 Lot Size (sq. ft.): 41,817 Status: Closed

Current Price: $4,500,000 List Date: 4/16/2015 Last Modified: 4/19/2021

Overview

Description

Jaffa groves Town Homes is offering this unique opportunity to own 4 buildings consisting of 25 town homes. The units are two stories with 100% occupancy and a waiting list of renters. The units are all two bedroom/one bath units with a mix of 860, 870 and 900 Sq. ft. units. This highly desirable multi-family unit offers investors the peace of mind year after year with a Net Income of $261,000 yearly and low maintenance due to its 50 year presidential roof and concrete parking lot. Investors can enjoy a 5.83% CAP rate. In addition to seeing the equity increase year over year due to its central location within walking distance to shopping, schools and a park across the street. contact 805-558-6069 for more information.

Listing Details MLS# 215005544

General Property Information

Approx SqFt: 21600
Lot Acres: 0.96
Lot SqFt: 41817
Year Built: 1977
Construction Status: Unknown

Property Features

Financing: Conventional; Other Sold Terms: Exchange/Trade Terms: Cash; Private Financing Available; Submit

Listing Location and Property Info

Entry Date: 2015-04-16
Listing Price: 4475000
Property Sub-Type: Sale
Street #: 303
Direction: S
Street Name: Steckel
Suffix: Drive
County: Ventura
State/Province: CA
Zip Code: 93060
APN/Tax ID: 1050151225
Area: VC54 - Santa Paula SW
Subdivision/Tract Code: Santa Paula West MHP - 0610
Country: US

Property Info

Accounting Type: Actual
Condo SqFt: 870
Stories Total: 0

Status Change Info

Pending Date: 2016-03-28
Closed Date: 2016-03-30
Closed Price: 4500000
Sold Price/SqFt: 208.33

BusinessBuilding Information

Cap Rate %: 5.83

More Information

Expenses

Advertising Expense: 120983

Incomes

Gross Monthly Income: 381789
Gross Operating Income: 260826

Closing Comments

Selling Comments: 1031 tax exchange

Listing, Location and Property Info

List Price/SqFt: 207.18
$/Acre: 4661458.44
Zip + 4: 3431

Listing Info

Year Established: 0

Terms

Cash: Yes
Private Financing Available: Yes
Submit: Yes

Business/Building Information

Financing Available: Yes
Gross Schedule Rents: 374700
Hours Owner Works: No

Financing

Conventional: Yes
Other: Yes

Sold Terms

Exchange/Trade: Yes

Listing Office: Seven Star Properties Inc

Listing Agent: Mamdouh R Elalami | mamdouh@sevenstarproperties.com

Agent Email: mamdouh@sevenstarproperties.com

Last Updated: April - 19 - 2021

Based on information from the CSMAR Multiple Listing as of [date the AOR/MLS data was obtained]. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.