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Listing Details

Status
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On Site
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On Market
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MLS #
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Neighborhood
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Type
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Built
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School Ratings & Info

Description

4.57% Cap Rate. $285,433 NOI. 350 S Steckel Drive is an attractive 24-unit apartment building with a strong value add component simply by raising rents. The property is on a quiet street in Santa Paula with (16) 1BD/1BA and (8) 2BD/1BA units. The complex features a pool, 24 carports, 12 uncovered onsite parking spots, ample street parking, onsite laundry, and separate (electric and gas) meters. The entire property was re-plumbed over the last year, including all new copper supply lines to both buildings and brand-new water heaters. Every unit has been renovated. Shopping, restaurants, Teague Park and Hwy 126 are nearby for convenience. Ventura and Oxnard beaches and parks are a quick 15 mile drive away. Marketing Package is in the documents.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-17T14:34:15.323. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The DeBonis Team | Realty Masters & Associates. Licensed in the State of California, USA.
www.debonishomes.com/homes/118811174
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350 S Steckel Drive Santa Paula, CA 93060

  • Price: $6,250,000
  • Status: Active
  • Updated: 56 min ago
  • ID#: 21754048
0
Beds
0
Baths
0
½ Baths
0.88
Acres
1974
Built
Neighborhood:
VC54 - S.P. West of Ojai/S.P. Rd South
County:
Ventura
Area:
VC54 - S.P. West of Ojai/S.P. Rd South
Property Description
4.57% Cap Rate. $285,433 NOI. 350 S Steckel Drive is an attractive 24-unit apartment building with a strong value add component simply by raising rents. The property is on a quiet street in Santa Paula with (16) 1BD/1BA and (8) 2BD/1BA units. The complex features a pool, 24 carports, 12 uncovered onsite parking spots, ample street parking, onsite laundry, and separate (electric and gas) meters. The entire property was re-plumbed over the last year, including all new copper supply lines to both buildings and brand-new water heaters. Every unit has been renovated. Shopping, restaurants, Teague Park and Hwy 126 are nearby for convenience. Ventura and Oxnard beaches and parks are a quick 15 mile drive away. Marketing Package is in the documents.
Exterior Features

Carport Spaces 24 Carport YN Yes Parking Features CarportUncovered Parking Total 24 Pool Features In Ground Pool Private YN No Roof Shingle

Interior Features

Cooling None Cooling YN No Heating Wall Furnace Heating YN Yes

Property Features

Additional Parcels YN No Gross Income 460884 Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 285433 Possession Close Of Escrow Property Condition Updated/Remodeled Rent Control YN No Senior Community YN No Special Listing Conditions Standard Tenant Pays ElectricityGas Vacancy Allowance Rate 0 Zoning R4

Listing provided courtesy of Brian Glen Barrios of Cooperation Capital Group, Inc.


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-17T14:34:15.323. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The DeBonis Team | Realty Masters & Associates. Licensed in the State of California, USA.
 
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The DeBonis Team | Realty Masters & Associates
19040 Van Buren Boulevard #107
Riverside CA, 92508