116 S 7th St

Excellent opportunity to purchase a nine (9) unit investment property with a significant upside in rental income.

116 S 7th St is a unique mix of 9 units consisting of 5 units in one building, three units as a triplex, and one detached unit. This property is located in the desirable downtown Santa Paula area across the street from the historic theatre. It provides a tremendous opportunity for an investor to acquire pride in ownership of an asset that has upside potential in increasing rents with the potential of adding ADUs to the property. A great opportunity to boost future rental revenue and income stream, raising the overall value of the investment. Buyer to verify with the city for associated ADU requirements. The property consists of one studio, seven (7) 1 bed/1 bath, and one (1) 3 bath/1 bath. Most tenants are on a month-to-month basis, and units are separately metered for gas and electricity. The property is within a short distance to public transportation, in addition to nearby retail shops and businesses.

This home located at 116 S 7th ST is currently active and has been available on pardeeproperties.com for 5 days. This property is listed at $1,850,000. It has 10 beds and 9 bathrooms. The property was built in 1910. 116 S 7th ST is in the Santa Paula community of Ventura County.

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