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Listing Details

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MLS #
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School Ratings & Info

Description

4.57% Cap Rate. $285,433 NOI. 350 S Steckel Drive is an attractive 24-unit apartment building with a strong value add component simply by raising rents. The property is on a quiet street in Santa Paula with (16) 1BD/1BA and (8) 2BD/1BA units. The complex features a pool, 24 carports, 12 uncovered onsite parking spots, ample street parking, onsite laundry, and separate (electric and gas) meters. The entire property was re-plumbed over the last year, including all new copper supply lines to both buildings and brand-new water heaters. Every unit has been renovated. Shopping, restaurants, Teague Park and Hwy 126 are nearby for convenience. Ventura and Oxnard beaches and parks are a quick 15 mile drive away. Marketing Package is in the documents.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-20T06:42:42.863. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.jelmbergteam.com/homes/118808091
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350 S Steckel Dr Santa Paula, CA 93060

  • Price: $6,250,000
  • Status: Active
  • Updated: 57 min ago
  • MLS #: 21-754048
32
Beds
0
Baths
0
½ Baths
0.89
Acres
15,540
SQFT
$402
$/SQFT
1974
Built
Neighborhood:
S.P. West Of Ojai/S.P. Rd South
County:
Ventura
Area:
S.P. West Of Ojai/S.P. Rd South
Property Description
4.57% Cap Rate. $285,433 NOI. 350 S Steckel Drive is an attractive 24-unit apartment building with a strong value add component simply by raising rents. The property is on a quiet street in Santa Paula with (16) 1BD/1BA and (8) 2BD/1BA units. The complex features a pool, 24 carports, 12 uncovered onsite parking spots, ample street parking, onsite laundry, and separate (electric and gas) meters. The entire property was re-plumbed over the last year, including all new copper supply lines to both buildings and brand-new water heaters. Every unit has been renovated. Shopping, restaurants, Teague Park and Hwy 126 are nearby for convenience. Ventura and Oxnard beaches and parks are a quick 15 mile drive away. Marketing Package is in the documents.
Exterior Features

Carport Spaces Total 24 Covered Parking 24 Lot Size Area 38732 Other Structures Other Parking Garage CarportUncovered Pool Description In Ground Pool YN Yes Roof Shingle Total Parking 36

Interior Features

Baths Total 24.00 Cooling None Equipment Range/Oven Heating Wall Kitchen Features Formica Counters Laundry Laundry Area

Property Features

Gross Income 460884 Gross Operating Income 447057 Like Units1 16 Like Units2 8 Net Operating Income 285433.00 Number Of Buildings 2 Number Of Units 24 Owner Pays Water Property Condition Updated/Remodeled Rent Control YN No Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Tenant Pays ElectricityGas Total Annual Expense 161625 Type Of Units Apartment Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning R4

Listing provided courtesy of Brian Glen Barrios DRE#01379489 of Cooperation Capital Group, Inc..


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-20T06:42:42.863. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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The Jelmberg Team | Keller Williams
39-575 Washington Street, Suite #105
Palm Desert CA, 92211