Large Santa Paula 4plex- 5.2% CAP on actuals! | 336 S Steckel Dr
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Large Santa Paula 4plex- 5.2% CAP on actuals! 336 S Steckel Dr
4 Unit Block of Flats £1,268,692 (£317,173/Unit) 5.20% Net Initial Yield Santa Paula, CA 93060
Investment Highlights
- ALL 3BD/1.5BA Townhouse units measuring 1,173 SF apiece
- 4 Garages offer ADU potential
- Unit #4 recent updates include new windows, flooring, kitchen/bath appliances, fresh paint & copper plumbing throughout
- Strong Rents in Place, 11.9 GRM & 5.2% CAP!
- Laundry Hookups & Private Patios
- Assumable loan of $812,000, fixed at 6.125% through August 2033
Executive Summary
336 Steckel Dr offers an excellent cash flowing investment opportunity featuring (4) spacious 3BD/1.5BA townhouse-style units totaling 4,698 SF (per assessor) on a 12,632 SF lot. Current monthly rents of $11,190 allow for 11.9 GRM and 5.2% CAP rate. Each 2-story unit measures 1,173 SF and includes a single-car garage, private patio and laundry hookups. Additional 6 uncovered off street parking spaces ensure tenant parking even if an astute investor converts existing garages into one or more ADUs. Unit #4 has recently undergone significant updates that include new windows, flooring, kitchen/bath appliances, baseboards, fresh paint, and copper plumbing throughout. Section 1 wood repair recently completed and parking lot received a fresh coat of asphalt and newly striped parking stalls. Located less than 1 mile from major retail centers, Glen City Elementary School, and Teague Park, 336 Steckel Dr benefits from a highly desirable location with easy access to essential amenities that helps ensuring long-term tenant satisfaction and consistent rental demand.
Property Facts
| Price | £1,268,692 | Property Type | Residential |
| Price Per Unit | £317,173 | Property Subtype | Apartment |
| Sale Type | Investment | Lot Size | 0.29 AC |
| Net Initial Yield | 5.20% | Building Size | 4,692 SF |
| Gross Rent Multiplier | 11.9 | Number of Floors | 2 |
| No. Units | 4 | Year Built | 1965 |
| Price | £1,268,692 |
| Price Per Unit | £317,173 |
| Sale Type | Investment |
| Net Initial Yield | 5.20% |
| Gross Rent Multiplier | 11.9 |
| No. Units | 4 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Lot Size | 0.29 AC |
| Building Size | 4,692 SF |
| Number of Floors | 2 |
| Year Built | 1965 |
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 3+1.5 | 4 | £2,226 | 1,173 |
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Walk Score ®
Very Walkable (71)
PROPERTY TAXES
| Parcel Number | 105-0-152-075 | Improvements Assessment | £263,681 |
| Land Assessment | £628,778 | Total Assessment | £892,459 |
PROPERTY TAXES
Parcel Number
105-0-152-075
Land Assessment
£628,778
Improvements Assessment
£263,681
Total Assessment
£892,459
zoning
| Zoning Code | R4 |
| R4 |
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Large Santa Paula 4plex- 5.2% CAP on actuals! | 336 S Steckel Dr
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