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321 Walnut St , Santa Paula, CA 93060
$899,000
Est. Payment: $4,903.77/mo
4 Bed
2 Bath
2281 Sqft
0.14 Acres
Status: Pending | Days on site: 155
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Chris Heller
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House 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
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Highlights

Listed by Kay Wilson-Bolton , (805) 340-5025 eXp Realty of California Inc , (805) 340-5025. CRMLS/Multi-Regional MLS mls logo

Property Type

Multi-Family
Lot/Acreage
0.14

Year Built

1900

County

Ventura

Area

SPL - Santa Paula

 Neighborhood

Historic District - 0516

Listing ID

V1-36040

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:4
  • ▪ Bathrooms:2
Appliances:Gas Range
Floor:Tile,Vinyl
Water:Public

Exterior Features

Lot:Sprinklers None,No Land Lease
Garage Capacity:2
Roof:Composition
Others:
  • ▪ Additional:Fixer, Repairs Cosmetic, Stucco
Parking Features:Driveway
Principal Interest
$4,904
Taxes
$573

Home Price

$899,000

Loan Details

30 yrs
7.245%

Down Payment

20%
$179,800
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$4,903.77

Principal

Taxes

Principal Taxes HOA Total
Monthly $4,903.77 $573.11 $0.00 $5,476.89
Yearly $58,845.28 $6,877.35 $0.00 $65,722.63
Total $1,765,358.27 $206,320.50 $0.00 $1,971,678.77

Today's Rates

30 Year

7.25%

20 Year

7.27%

15 Year

6.6%

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Market insight data is pulled from the same city as the listing being viewed (Santa Paula, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. 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. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-10-05T03:13:44.000Z

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