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321 Walnut Street Santa Paula, CA 93060
$899,000 0 beds, 0 baths
0 sqft
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Photo of Thomas Van

Thomas Van REALTORĀ® - Sales Associate 619-726-9832 m
Lic#: 02077006
NRDS ID: 196577555
ThomasVan@bhhscal.com
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Lic#: 02077006
NRDS ID: 196577555
ThomasVan@bhhscal.com
San Diego Central Office
2355 Northside Drive, Suite 180
San Diego, CA 92108
Phone: 619-294-3113
Fax: 619-521-0100
San Diego Central 2355 Northside Drive, Suite 180
San Diego, CA 92108
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Agent Remarks

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

Listing Details

Trust & Probate
Property type: (Multi-Family)
Status: Active
MLS# V1-36040
List price is $899,000
HOA Fee is $0.00
Beds: 0
Baths: 0
None fireplaces
Built in 1900
0.14 acres
Lot size: 0.1400
Subdivision: Historic District - 0516
County: Ventura
Property style: Cottage
Construction: Stucco
Appliances: Gas Range
Parking description: Driveway
Lot description: Sprinklers None
Heating/cooling: None
Heating description: Wall Furnace
MLS area: SPL - Santa Paula

Last Updated: 6/20/2026

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This listing belongs to the SPL - Santa Paula MLS area

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The style of this listing is Cottage.
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Lat/Long: 34.356496, -119.066635.
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Listing Agent: Kay Wilson-Bolton
Lic#: 02077006
Office Name: San Diego Central

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Area Overview

Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

Community Characteristics:

Occupancy Type

White/Blue Collar Jobs

Population by Gender

Hispanic/Non-Hispanic Population

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Photo of Thomas Van

Thomas Van REALTORĀ® - Sales Associate 619-726-9832 m
Lic#: 02077006
NRDS ID: 196577555
ThomasVan@bhhscal.com
Text Me
Call My Cell
Lic#: 02077006
NRDS ID: 196577555
ThomasVan@bhhscal.com

San Diego Central Office
2355 Northside Drive, Suite 180
San Diego, CA 92108
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