303 S Steckel Drive, Santa Paula, CA 93060

$4,500,000
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

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.

Supplements: ********

More Information MLS# 215005544

Listing, Location and Property Info

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

General Property Information

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

Listing Info

Year Established: 0

Property Info

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

Status Change Info

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

Terms

Cash: 1 Private Financing Available: 1 Submit: 1

Business/Building Information

Financing Available: Yes Gross Schedule Rents: 374700 Hours Owner Works: 0

Expenses

Advertising Expense: 120983

Financing

Conventional: 1 Other: 1

Incomes

Gross Operating Income: 260826 Gross Monthly Income: 381789

Sold Terms

Exchange/Trade: 1

Closing Comments

Selling Comments: 1031 tax exchange

Listing Location and Property Info

Status: Closed Entry Date: 2015-04-16 Current Price: $4,500,000 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

BusinessBuilding Information

Cap Rate %: 5.83

Property Features

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