Completely renovated 'inside and out' in 2022, this 5% cap 8-unit property is situated within a gated community that offers its tenant community privacy and security. With its highly desired individual 3 Bedroom cottage-style units that offer laundry hook-ups, this apartment community has been able to generate generous rents of about $2,400/unit. Its gross annual rent of $232,000 on the asking price of $2,895,000 equates to a 12.5 GRM. Specific property updates include all new electrical, plumbing, interior flooring, walls, bathrooms, and kitchens. This property will undoubtedly appeal to those investors seeking a 'turnkey' investment in the strong rental community of Santa Paula.
Property Details
Property Features
Property Information:
Year Built: 1940
Listing Office:
Office Name: Apartment Investment Specialis
Office Email: craig@ais-realestate.com
Listing Agent: Craig Lieberman
Interior Features
Interior Information:
Fireplace: None
Exterior Features
Exterior Information:
Private Pool: No
View: None
Parking Information:
Parking: None
Lot Features
Lot Information:
Lot Size: 0.40 Acres
Utilities
Utilities Information:
Heating: Wall Furnace
Cooling: None
School Info
Assigned Schools Information:
Santa Paula High School, Public District Grades 9-12
Isbell Middle School, Public District Grades 6-8
McKevett Elementary School, Public District Grades KG-5
Other
Directions Information:
Directions: Located near the corner of N. Ojai Road and Saticoy Street
Price Information
Listing Price Info
Price Summary:
List Price: $2,895,000
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Housing Market Comparison
See how this home compares to others in Santa Paula, CA.
This property is $2.1M more than the Median Sold Price in Santa Paula, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #V1-20740
Listing Office:
Office Name: Apartment Investment Specialis
Office Email: craig@ais-realestate.com
Listing Agent: Craig Lieberman
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 5/3/2024, 7:20:35 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
We're sorry, we currently don't have sales or tax history data for this listing.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
3
/10
McKevett Elementary School
955 E Pleasant St
Distance between this listing and this school0.16 miles
Public District Grades KG-5
Middle School
3
/10
Isbell Middle School
221 S 4th St
Distance between this listing and this school0.79 miles
Public District Grades 6-8
High School
4
/10
Santa Paula High School
404 N 6th St
Distance between this listing and this school0.54 miles
Public District Grades 9-12
Assigned Schools
3
/10
McKevett Elementary School
955 E Pleasant St
Distance between this listing and this school0.16 miles
Public District Grades KG-5
Nearby Schools
3
/10
Barbara Webster Elementary School
1150 Saticoy St
Distance between this listing and this school0.08 miles
Public District Grades KG-5
5
/10
Grace S. Thille Elementary School
1144 E Ventura St
Distance between this listing and this school0.57 miles
Public District Grades KG-5
Assigned Schools
3
/10
Isbell Middle School
221 S 4th St
Distance between this listing and this school0.79 miles
Public District Grades 6-8
Nearby Schools
5
/10
Mupu Elementary School
4410 Santa Paula Ojai Rd
Distance between this listing and this school1.93 miles
Public District Grades KG-8
4
/10
Briggs Elementary School
14438 W Telegraph Rd
Distance between this listing and this school3.34 miles
Public District Grades 5-8
Assigned Schools
4
/10
Santa Paula High School
404 N 6th St
Distance between this listing and this school0.54 miles
Public District Grades 9-12
Nearby Schools
3
/10
Rio Mesa High School
545 Central Ave
Distance between this listing and this school8.77 miles
Public District Grades 9-12
4
/10
Fillmore Senior High School
555 Central Ave
Distance between this listing and this school8.89 miles
The neighbors living near this home have an average income of $50,952. The majority of Santa Paula, CA residents have income between $35k-100k annually. Residents typically live in married, with kids family. The majority of residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 407 N Ojai Rd
What is the listing price of this property?
The listing price of 407 N Ojai Rd property is $2,895,000.
What type of property is this?
The property 407 N Ojai Rd is a house located in Santa Paula, California, 93060.
Is this property for sale now?
Active Listing: 407 N Ojai Rd is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 407 N Ojai Rd are: McKevett Elementary School: GreatSchools Rating 3/10Isbell Middle School: GreatSchools Rating 3/10Santa Paula High School: GreatSchools Rating 4/10
Which year was this property built?
The year of construction for 407 N Ojai Rd is 1940.
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This home is located at 407 N Ojai Rd in Santa Paula, CA and zip code 93060. This home, which was built in 1940, sits on a 0.40 acre lot. It has been listed on Rocket Homes since November 03, 2023 and is currently priced at $2,895,000.
Over 4 listings were sold over their listed price in April 2024 in Santa Paula, CA. In the same period over 3 listings were sold below the listed price and 2 listings were sold for the listed price. In April 2024 median list price was $715,000 and the average listing age was 24 days.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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