S.P. East of Ojai/S.P. Rd To Center of Rl (VC53) Homes with Two Levels Stories

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Newest S.P. East of Ojai/S.P. Rd To Center of Rl (VC53) Homes with Two Levels Stories

$1,100,000

44 Beds ⋅ 28 Baths ⋅ 26988479 MLS ⋅ Active Status

We are pleased to present an exceptional opportunity to acquire 220 Garcia St, a fourteen (14) unit affordable housing complex in Santa Paula, California. The subject property is situated in a charming Ventura County location, west of Harvard Boulevard and south of E Main Street. Built in 1998, this property contains an excellent unit mix of twelve (12) three-bedroom / two-bathroom units and two (2) four-bedroom / two-bathroom units. The large units, averaging 1,157 SF each, are positioned across seven (7) detached buildings with one accessory laundry building. The units look and feel like single-family dwellings and are surrounded by green yard space. There is a community recreational area available with built-in barbeques and a well updated playground. Ample on-site parking and laundry common area is available for tenant use. Residents will enjoy being less than fifteen (15) miles from the beach along with the locally run business that make this community feel like home. The units are all on a 55-year recorded covenant under CTCAC, limiting the rents to 40% AMI. All other restrictions have been cleared (Buyer to verify). Seller is open to an option to partner with anew Buyer and stay on in an operational and management role. Located in a charming Ventura County location, this offering presents an excellent opportunity for an astute investor to capitalize on a bite-sized affordable housing complex in a rapidly developing market less than fifteen (15) miles to the beach.

220 Garcia Street, Santa Paula

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. 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.