220 Garcia St, Santa Paula, CA 93060
220 Garcia St, Santa Paula, CA 93060
220 Garcia St, Santa Paula, CA 93060
220 Garcia St, Santa Paula, CA 93060
220 Garcia St, Santa Paula, CA 93060
220 Garcia St, Santa Paula, CA 93060
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$ 1,100,000
Est. payment | /mo

44 Beds

28 Baths

16,199 SqFt


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$ 1,100,000
Est. payment | /mo
Save

44 Beds

28 Baths

16,199 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 16,199 sqft

Price per Sqft $67

MLS Listing ID 26988479

Bedrooms 44

Construction Status No Additions/Alter, Repair Cosmetic

Year Built 1998

Lot Size 1.030 Acres

Acres 1.03

Property Sub-Type Multi-Family

Property Description

We are pleased to present an exceptional opportunity to acquire 220 Garcia St, a fourteen (14) unit affordable housing complex in Santa Paula, California. The subject property is situated in a charming Ventura County location, west of Harvard Boulevard and south of E Main Street. Built in 1998, this property contains an excellent unit mix of twelve (12) three-bedroom / two-bathroom units and two (2) four-bedroom / two-bathroom units. The large units, averaging 1,157 SF each, are positioned across seven (7) detached buildings with one accessory laundry building. The units look and feel like single-family dwellings and are surrounded by green yard space. There is a community recreational area available with built-in barbeques and a well updated playground. Ample on-site parking and laundry common area is available for tenant use. Residents will enjoy being less than fifteen (15) miles from the beach along with the locally run business that make this community feel like home. The units are all on a 55-year recorded covenant under CTCAC, limiting the rents to 40% AMI. All other restrictions have been cleared (Buyer to verify). Seller is open to an option to partner with anew Buyer and stay on in an operational and management role. Located in a charming Ventura County location, this offering presents an excellent opportunity for an astute investor to capitalize on a bite-sized affordable housing complex in a rapidly developing market less than fifteen (15) miles to the beach.

Location

State CA

County Ventura

Area S.P. East Of Ojai/S.P. Rd To Center Of Rl

Building/Complex Name Casa Garcia

Zoning R-2

Rooms

Other Rooms Accessory Bldgs

Interior

Heating Wall

Cooling Air Conditioning

Equipment Built-Ins, Washer, Dryer, Barbeque

Laundry Community, Laundry Area

Exterior

Parking Features Garage - 2 Car, Uncovered, Parking Space, Parking for Guests, Parking for Guests - Onsite

Garage Spaces 38.0

Pool None

Building

Lot Description Lot Shape-Irregular, Landscaped, Sidewalks, Single Lot

Story 2

Sewer In Street

Level or Stories Two

Construction Status No Additions/Alter, Repair Cosmetic

Others

Special Listing Condition Standard

TheMLS (CLAW)
Listed by CBRE

NEARBY SCHOOLS & PROPERTIES

Shantrece Thomas

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(904) 760-6560

shantrecethomas@gmail.com

200 W FORSYTH STREET SUITE 1605, Jacksonville, Florida 32202, United States

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220 Garcia St