Fixer Upper
Address
321 Walnut Street, Santa Paula, CA
Price
$ 899,000
Property Attributes
- MLS#V136040
- TypeSingle Family
- Listing Status Active
- CountyVentura
- CitySanta Paula
- Area Santa Paula
- NeighborhoodHistoric District - 0516
- Zip93060
- Style
- Year Built1900
- Price$ 899,000
- Bedrooms0
- Full Bathrooms1
- Half Bathrooms0
- Sqr Footage2281
- Lot Size0.14 Acres
Data Source:
California Regional MLS (CRMLS)
Property Description
Income Producing Multi Unit Property in Santa Paula's Historic DistrictA rare opportunity to acquire a three-unit residential investment in one of Santa Paula's most stable and historically desirable neighborhoods. This property offers diversified rental income, strong tenant demand, and multiple paths for value creation.Investment Highlights Three total units across two structures Front house: 3 bedrooms, 1 bath -- ideal for a higher anchor rent or owner occupancy Rear duplex: Two 1 bed/1 bath units -- consistently in demand among singles, couples, and local workforce renters On site parking for first-come, first-served -- a premium amenity in the historic district Low vacancy location with long term tenant stability Multiple income streams on one parcel, reducing risk exposureOperational Advantages Separate structures create privacy, reducing tenant friction and turnover Straightforward layouts that are easy to maintain Strong rental comps in the area for both 1 bed and 3 bed units Potential to increase rents, modernize interiors, or reposition the front house for premium returnsMarket & Location Strength Situated in Santa Paula's historic district, known for charm, walkability, and steady rental demand Close to downtown amenities, employment centers, schools, and transit Area continues to see rising interest from investors seeking stable, supply constrained marketsUpside Potential Value add opportunities through cosmetic upgrades Potential for improved operating efficiency and stronger year over year cash flow
| Price History | |
|---|---|
| 4/28/2026 | Listed $899,000 |
General Features
| Heating | WallFurnace |
|---|---|
| Cooling | None |
| Utilities | CableAvailable,ElectricityConnected,NaturalGasConnected |
| Possession | CloseOfEscrow |
| Roof | Composition |
| Appliances | GasRange |
| Architectural Style | Cottage |
| Pool Features | None |
| Security Features | CarbonMonoxideDetectors,SmokeDetectors |
| Construction Materials | Stucco |
| Exclusions | All of tenants belongings |
| Year Built | 1900 |
| Tenant Pays | Electricity,Gas |
| View | None |
| Gross Income | 39000 |
| Community Features | Sidewalks |
| County | Ventura |
| New Construction | false |
| Property Type | ResidentialIncome |
| Subdivision Name | Historic District - 0516 |
| Facing Direction | West |
| Garage Y/N | false |
| Special Listing Conditions | Trust |
| Status | Active |
| Directions | From 126, North on 10th Street, west on Santa Paula Street, north on Walnut by the three story Victorian home |
| City | Santa Paula |
| Senior Community Y/N | false |
| MLS Area | SPL - Santa Paula |
| Lot Size Units | SquareFeet |
| Lot Size Square Feet | 6098 |
| Number of Units Leased | 3 |
| Listing Terms | Conventional,FHA |
| Spa Features | None |
| Property Attached Y/N | true |
| Land Lease Y/N | false |
| Electric Expense | 11 |
| Property Condition | Fixer,RepairsCosmetic |
| Additional Parcels Y/N | false |
| Rent Control Y/N | false |
| Standard Status | Active |
| Year Built Source | Assessor |
| Total Actual Rent | 3250 |
| PostalCity | SANTA PAULA |
Interior Features
| Flooring | Tile,Vinyl |
|---|---|
| Fireplace Features | None |
| Common Walls | OneCommonWall |
| Air Conditioning Y/N | false |
| Heating Y/N | true |
| Fireplace Y/N | false |
| Laundry Features | Outside |
Exterior Features
| Fencing | ChainLink |
|---|---|
| Parking Features | Driveway |
| Lot Features | SprinklersNone |
| Water Source | Public |
| Total Parking | 2 |
| Inclusions | None |
| Lot Size Area | 6098 |
| Foundation Details | Raised,Slab |
| Number of Buildings | 2 |
| Spa | false |
| Building Area Total | 2281 |
| Lot Size Acres | 0.14 |
| Private Pool | false |
| Lot Size Source | Assessor |
| Number of Separate Water Meters | 1 |
| Number of Separate Gas Meters | 3 |
| Number of Separate Electric Meters | 3 |
| Road Frontage Type | CityStreet |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 93060
Price
Year Built
Based on information from California Regional Multiple Listing Service, Inc. as of September 10, 2026 11:51 PM UTC 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.
Based on information from California Desert Association of Realtors as of September 10, 2026 11:53 PM UTC The information being provided by California Desert Association of Realtors, SoCalMLS, CRISNet MLS, and CARETS is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange
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