321 Walnut St

Santa Paula, CA 93060

$899,000
Price
4
Beds
2
Baths
2,281 Sq. Ft.
$394 / Sq. Ft.
2,281
Sq. Ft.
$394
per Sq. Ft.
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a view of a house with a yard
a view of a patio with a table and chairs under an umbrella
a view of outdoor space yard and patio

Description

Income Producing Multi Unit Property in Santa Paula's Historic DistrictA rare opportunity to acquire a three-unit residential investment in one of Santa Paula's most stable and historically desirable neighborhoods. This property offers diversified rental income, strong tenant demand, and multiple paths for value creation. Investment Highlights Three total units across two structures Front house: 3 bedrooms, 1 bath -- ideal for a higher anchor rent or owner occupancy Rear duplex: Two 1 bed/1 bath...Income Producing Multi Unit Property in Santa Paula's Historic DistrictA rare opportunity to acquire a three-unit residential investment in one of Santa Paula's most stable and historically desirable neighborhoods. This property offers diversified rental income, strong tenant demand, and multiple paths for value creation. Investment Highlights Three total units across two structures Front house: 3 bedrooms, 1 bath -- ideal for a higher anchor rent or owner occupancy Rear duplex: Two 1 bed/1 bath units -- consistently in demand among singles, couples, and local workforce renters On site parking for first-come, first-served -- a premium amenity in the historic district Low vacancy location with long term tenant stability Multiple income streams on one parcel, reducing risk exposureOperational Advantages Separate structures create privacy, reducing tenant friction and turnover Straightforward layouts that are easy to maintain Strong rental comps in the area for both 1 bed and 3 bed units Potential to increase rents, modernize interiors, or reposition the front house for premium returnsMarket & Location Strength Situated in Santa Paula's historic district, known for charm, walkability, and steady rental demand Close to downtown amenities, employment centers, schools, and transit Area continues to see rising interest from investors seeking stable, supply constrained marketsUpside Potential Value add opportunities through cosmetic upgrades Potential for improved operating efficiency and stronger year over year cash flow
  1. Listed by Kay Wilson-Bolton • DRE #00577863 • eXp Realty of California Inc

Property Details for 321 Walnut Street

Style
Cottage
Property Attached YN
true
Parcel Number
1000165105
Living Area
2281
Area
Santa Paula (SPL) (L)
Subdivision Name
Historic District - 0516
Lot Size Area
6098
Home owner Dues
$0
LISTING UPDATED: 04/30/2026 01:36 PM

Property Details for 321 Walnut Street

StatusActive
MLS #V1-36040VC
Days on Market13
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built1900
Lot Size0.14 AC / 6,098 SF
CountyVentura County
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Location

Listing Courtesy of eXp Realty of California Inc, Kay Wilson-Bolton, DRE #00577863
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Building Information for 321 Walnut Street

Stories-Residences-Year Built1900Building Size-Lot Size0.14 AC / 6,098 SF

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$4,750 per month

30 year fixed, 6.46% Interest

Principal and Interest

$4,527

Property Taxes

$223

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 321 Walnut Street

Community / Development
Community / Development
  • Community Features: Sidewalks
  • Community Features: Sidewalks
  • Senior Community: No
  • Builders Tract Name: Historic District - 0516
  • Builders Tract Code: Historic District - 0516
Structure Info
Structure Info
  • Building Type: Attached
  • Year Built Source: Assessor
  • View: No
  • View Description: None
  • View: None
  • Guest House: None
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector
  • Direction Faces: West
  • Property Condition: Fixer, Repair Cosmetic
  • Exposure: West
  • Water: Public
Contract Info
Contract Info
  • Disclosures: Repairs Cosmetic
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Net Operating Income: $.00
  • Gross Scheduled Income: $39,000
  • Actual Annual Gross Rent: $3,250.00
  • Monthly GrossI Income: $39,000.00
  • Total Annual Expense: 0
  • Water Expense: $.00
  • Gas Expense: $0
  • Electric Expense: $11.00
  • Trash Expense: $.00
  • Insurance Expense: $0
  • Expense Operating: $.00
Land / Lot Info
Land / Lot Info
  • Land Lease Type: Fee
  • Land Lease: No
  • Lot Acreage: 0.0
  • Lot Size Square Feet: 6098
  • Lot Features: Sprinklers None
  • Telephone: 0.0
  • Cable: 0.0
  • Electric: Cable Available, Electricity Connected, Natural Gas Connected
  • Gas: Cable Available, Electricity Connected, Natural Gas Connected
  • Assessments: None
Parking Details
Parking Details
  • Parking Garage: Driveway
  • Total Parking: 2
  • Garage Spaces Total: 0
  • Carport Spaces Total: 0
  • Number Of Remote Controls: 0.0
  • Parking Features: Driveway
Interior Features
Interior Features
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall
  • Heating Type: Wall
  • Flooring: Tile, Vinyl
  • Equipment: Outside
  • Common Walls: Attached
  • Cooking Appliances: Range
  • Laundry: Outside
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Roof: Composition
  • Fence: Chain Link
  • New Construction: No
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Construction MVO: Stucco
  • Foundation Details: Raised, Slab
Lease Terms
Lease Terms
  • Entry Date: 04-27-2026
  • Listing Terms: Conventional, FHA
  • Rent Control: No
  • Tenant Pays: Electricity, Gas
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,100.00
  • Unit Actual Rent: $2,100.00
  • Unit Projected Rent: $2,100.00
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 1
Unit Details
  • Unit Type Type: 2106, 2107
  • Number of Electric Meters: 3
  • Number of Gas Meters: 3
  • Number Leased: 3
  • Number Water Meters: 1

Property History for 321 Walnut Street

DateEvent & SourcePriceAppreciation
Apr 28, 2026

Listed (Active)

CRMLS #V1-36040

$899,000—
Apr 24, 2026

Listed (Active)

CLAW #V1-36040VC

$899,000—
Dec 1, 2025

Expired

CLAW #V1-29238VC

$990,000—
DateEvent & SourcePrice
04/28/2026

Listed (Active)

CRMLS #V1-36040

$899,000
04/24/2026

Listed (Active)

CLAW #V1-36040VC

$899,000
12/01/2025

Expired

CLAW #V1-29238VC

$990,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 321 Walnut Street

Taxable ValueLand$126,327Additions$102,780Total$229,107
Tax Record2025$2,680 ($223 / month)
Home Facts
Total Finished SqFt2,281 SqFtAbove Grade Finished SqFt2,281 SqFtLot Size6,098 SqFtStyleQuadraplexYear Built1900ZoningR1CountyVENTURAAPN100-0-165-105

Schools near 321 Walnut Street

This home is within Santa Paula Unified School District.
Rating
School
Type
Grades
Distance
McKevett Elementary
Public - K to 6
Isbell Middle
Public - 7 to 8
Santa Paula High
Public - 9 to 12
Renaissance High
Public - 9 to 12
Rating
School
Distance
McKevett Elementary
PublicK to 6

Isbell Middle
Public7 to 8

Santa Paula High
Public9 to 12

Renaissance High
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 321 Walnut Street, Santa Paula, CA 93060

321 Walnut Street is a multi-family home for sale in Santa Paula, CA 93060. This property was listed for sale on April 24, 2026 by eXp Realty of California Inc, it's currently listed at $899,000. This listing's school district is Santa Paula Unified School District. Nearby schools include McKevett Elementary, Isbell Middle and Santa Paula High. 321 Walnut Street is a 4-bed, 2-bath, 2,281 sqft multi-family home built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of eXp Realty of California Inc, Kay Wilson-Bolton, DRE #00577863

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.