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1445 E Main St
Santa Paula, CA 93060
Santa Paula Motel · Hospitality Property For Sale
·
5,614 SF
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 1 |
| Property Subtype | Hotel | Year Built | 1955 |
| Building Class | C | Tenancy | Single |
| Lot Size | 1.05 AC | Parking Ratio | 4.09/1,000 SF |
| Building Size | 5,614 SF | Corridor | Exterior |
| Zoning | MULT | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.05 AC |
| Building Size | 5,614 SF |
| No. Stories | 1 |
| Year Built | 1955 |
| Tenancy | Single |
| Parking Ratio | 4.09/1,000 SF |
| Corridor | Exterior |
| Zoning | MULT |
AMENITIES
- High Speed Internet Access
- Public Access Wifi
ABOUT 1445 E MAIN ST , SANTA PAULA, CA 93060
Currently, the offering features twenty studios and one three-bedroom unit sitting on a 1.05-acre lot. To accommodate for the shortage of housing for the local workforce the opportunity currently operates as short-term rentals. Current ownership has explored possible future development at the rear of the property which is currently vacant land. One could potentially develop 45 farm working single occupancy units which would consist of common area bathrooms and a commercial community kitchen cafeteria. This property uniquely positioned within an Opportunity Zone which provides owners with the possibility of deferring or eliminating capital gains in the future. Buyer to conduct their own due diligence, verify development guidelines with the city and consult their tax professional regarding Opportunity Zone benefits. 1445 Main Street is few miles from The Harvest at Limoneira project that approximately will be fully completed in 2027 with an added bonus of being located within a designated Opportunity Zone. Possible Deal Structures: 1. Full development of entire 1.05 acre 2. Partial development / renovation / addition of residence with additional units in rear
PROPERTY TAXES
| Parcel Number | 101-0-250-045 | Improvements Assessment | $771,909 |
| Land Assessment | $796,480 | Total Assessment | $1,568,389 |
PROPERTY TAXES
