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$899,000
321 Walnut Street, Santa Paula, CA 93060
eXp Realty of California Inc
MLS® V1-36040
4Beds
2Baths
16Days Listed
About This Property
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
Kay Wilson-BoltoneXp Realty of California Inc805-340-5025MLS® V1-36040
Property Location
Map
Property Details
- Property Type
- Res Income 2-4 Units
- Bedrooms
- 4
- Bathrooms
- 2
- Building Area
- 0 Sqft
- Living Area
- 0 sqft
- Year Built
- 0
- Status
- Active
- Days on Market
- 16
- Cumulative Days on Market
- 3
- Original Price
- $899,000
- MLS® Number
- V1-36040
Location & Neighborhood
What's nearby 321 Walnut Street, Santa Paula, CA 93060
Nearby Schools
- Santa Paula High School0.2 mi
secondary
- Unnamed School0.2 mi
elementary
- Catalyst Community Preschool0.3 mi
elementary
Parks & Recreation
- 0.3 mi
- Ebell Park0.3 mi
park
- 0.3 mi
Transit Access
- Santa Paula0.3 mi
Train Station
- Santa Paula City Hall0.5 mi
Bus Stop
Local Amenities
Dining
- Gunsmoke BBQ & Beer0.3 mi
- Enzo's0.3 mi
Banking
- Bank Of The Sierra0.3 mi
Grocery
- Santa Paula Super Store0.3 mi
POI data updated 7/19/2026
Santa Paula Market Snapshot
76
Active Listings
$799K
Median Price
35
Avg Days on Market
Last updated: Apr 30, 2026
Based on information from California Regional Multiple Listing Service, Inc. as of the date of this data. 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.
$899,000