This Multifamily Property is Off-Market.

346 South Steckel Drive
Santa Paula, CA 93060 ·

16 Units · Multifamily For Sale

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346 South Steckel Drive

Price N/A Property Use Type Investment
No. Units 16 Cap Rate 5.68%
Building Size 15,704 SF Gross Rent Multiplier 10.66
Property Type Multifamily Lot Size 25,915 SF
Property Sub-type Garden/Low-Rise
Listing ID: 17601619 Date Created: 04/03/2012 Last Updated: 10/03/2012

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.

Research

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

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