Historical Multifamily Sale Listing - 346 South Steckel Drive

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346 South Steckel Drive

346 South Steckel Drive, Santa Paula, CA 93060

N/A

16 Units | Multifamily

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Multifamily Property - Off Market

Price:
N/A
No. Units:
16
Building Size:
15,704 SF
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Cap Rate:
5.68%
Gross Rent Multiplier:
10.66
Lot Size:
25,915 SF
Listing ID
17601619
Last Updated
over 1 year ago

Description

The building was constructed in 1974. The unit mix consists of three one-bedroom/ one-bath and 13 two-bedroom/ two-bath units. The property features central courtyard, laundry facility, carport parking, and enclosed garages. The property has a clean presentation in terms of up to date landscaping, quiet environment, and a well maintained courtyard with separately metered and individual hot water heaters. The units feature spacious layouts, fireplaces, ample closet space, and dishwasher/ garbage disposals.

The subject property is a 16 unit non-rent control building located in Santa Paula, CA. The Mediterranean climate and short distance from Ventura (16 miles) makes this a prime location. Santa Paula has often been described as a quaint town, boasting a main street reminiscent of Middle America. In contrast to many Southern California cities which have grown into massive metropolitan areas teeming with people, highways, and buildings, Santa Paula is an oasis of tranquility nestled between large greenbelts of citrus and avocado orchards. Moreover, their primary economic function is agriculture, hence the city being dubbed Citrus Capital of the World.

Map of 346 South Steckel Drive, Santa Paula, CA 93060 (Ventura County)

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