407 North Ojai Road
407 North Ojai Road
$2,895,000
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Description
Completely renovated 'inside and out' in 2022, this 5% cap 8-unit property is situated within a gated community that offers its tenant community privacy and security. With its highly desired individual 3 Bedroom cottage-style units that offer laundry hook-ups, this apartment community has been able to generate generous rents of about $2,400/unit. Its gross annual rent of $232,000 on the asking price of $2,895,000 equates to a 12.5 GRM. Specific property updates include all new electrical, plumbing,...Completely renovated 'inside and out' in 2022, this 5% cap 8-unit property is situated within a gated community that offers its tenant community privacy and security. With its highly desired individual 3 Bedroom cottage-style units that offer laundry hook-ups, this apartment community has been able to generate generous rents of about $2,400/unit. Its gross annual rent of $232,000 on the asking price of $2,895,000 equates to a 12.5 GRM. Specific property updates include all new electrical, plumbing, interior flooring, walls, bathrooms, and kitchens. This property will undoubtedly appeal to those investors seeking a 'turnkey' investment in the strong rental community of Santa Paula.
- Listed by Craig Lieberman • DRE #00682741 • Apartment Investment Specialis
Property Details for 407 North Ojai Road
Subdivision Name
Not Applicable
Garage Spaces.00
ViewNone
Location
LISTING UPDATED: 03/03/2024 09:34 AM
Property Details for 407 North Ojai Road
Status | Active |
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MLS # | V1-20740 |
Days on Market | 179 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1940 |
Lot Size | 0.40 AC / 17,295 SF |
County | Ventura County |
Location
Building Information for 407 North Ojai Road
Stories-Residences-Year Built1940Building Size-Lot Size0.40 AC / 17,295 SF
Payment Calculator
$15,799 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 407 North Ojai Road
Property History for 407 North Ojai Road
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 407 North Ojai Road
This home is within Santa Paula Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
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Barbara Webster Elementary PublicK to 5 | ||
Isbell Middle Public6 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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