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    350 S Steckel Dr

    Santa Paula, CA 93060
    • $6,250,000
    • STATUS: Active
    • ON SITE: 113 Days
    • MLS #: 21-2408
    $6,250,000
    • 0
      BEDS
    • 0.89
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1974
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:
    Listing provided courtesy of Cooperation Capital Group, Inc.

    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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    © 2021 Santa Barbara Multiple Listing Service. All rights reserved. Based on information from the Santa Barbara MLS as of 2021-10-19T23:46:49.9. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Data last updated 2021-10-19T23:46:49.9.
    www.theepsteinpartners.com/homes/118808194
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    350 S Steckel Dr Santa Paula, CA 93060

    • Price: $6,250,000
    • Status: Active
    • MLS #: 21-2408
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.89
    Acres
    1974
    Built
    Neighborhood:
    Ventura
    County:
    Ventura
    Area:
    Ventura
    Elementary School:
    Other
    Middle School:
    Other
    High School:
    Other
    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

    Parking Information CarportUncovered Parking Spaces 36.00

    Interior Features

    Amenities Pool Heating Cooling A/C NoneWall Laundry Bldg Unit1 Baths 1.00 Unit1 Bedrooms 1.00 Unit1 Half Baths 0.00 Unit2 Baths 1.00 Unit2 Bedrooms 2.00

    Property Features

    Cross Street W Santa Cruz St Deposit 3.00 Income Expenses Actual Income Expenses Annual Income 460884.00 Income Expenses Capitalization Rate 4.57% Income Expenses Gross Rent Multiplier 13.88 Income Expenses NOI 285433 Income Expenses Total Monthly Income 38407.00 Income Expenses Vacancy Factor 3% Meters Separate Meter Electric Yes Meters Separate Meter Gas Yes Meters Separate Meter Water No Owner Provides TrashWater Terms Ctnl Unit1 Furnished No Unit1 Monthly Total 23840.00 Unit1 Rent 1490.00 Unit1 Units 16.00 Unit2 Monthly Total 13688.00 Unit2 Rent 1711.00 Unit2 Units 8.00 Zoning R-4

    Listing information © 2021 Santa Barbara MLS
    Listing provided courtesy of Cooperation Capital Group, Inc.



    © 2021 Santa Barbara Multiple Listing Service. All rights reserved. Based on information from the Santa Barbara MLS as of 2021-10-19T23:46:49.9. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Data last updated 2021-10-19T23:46:49.9.
     
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    Keller Williams
    1503 Chapala Street
    Santa Barbara CA, 93101
    Listing provided courtesy of Cooperation Capital Group, Inc.