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Listed by: Kay Wilson-Bolton (805) 340-5025 DRE #00577863 | eXp Realty of California Inc (805) 340-5025
$899,000
Monthly Est:$4,475
4 Beds
2 Baths
2,281sqft
321 Walnut St, Santa Paula, CA 93060
$899,000
$4,475/moEst:
Get Pre-Approved
Multi Family
Built in 1900
$-- HOA
6,098 sqft lot
$394/sq.ft
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
- Houzeo last checked: 5 minutes ago
- Listing updated: September 29, 2026 at 6:00 pm
- Source: California Regional MLS-CA | MLS#: V1-36040
Part of
Property Details
Status
Pending
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
--
Year Built
1900
HOA Fees
-
Finished Area
2,281 sqft
Lot Size
6,098 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
V1-36040
MLS Status
Pending
Days on Market
166
Cumulative Days on Market
155
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 4
Bathrooms: 2
Interior
Cooling
None
Heating
Wall Furnace
Flooring
Tile, Vinyl
Appliances
Gas Range
Construction
Year Built
Year Built: 1900
Home type
Multi Family
Roof
Composition
Property Condition
Fixer, Repairs Cosmetic
Foundation Details
Raised, Slab
Construction Materials
Stucco
Architectural Style
Cottage
Utilities & Energy
Laundry Features
Outside
Parking Features
Driveway
Fireplace Features
None
Utilities
Cable Available, Electricity Connected, Natural Gas Connected
Water Source
Public
Pool Features
None
Security Features
Carbon Monoxide Detectors, Smoke Detectors
Other Features
Tenant Pays
Electricity, Gas
Subdivision Name
Historic District 0516
Community Features
Sidewalks
Lot Features
Sprinklers None
Price History
| Date | Event | Price |
|---|---|---|
09/28/2026 Source: | Pending | $899,000 $394/sqft |
04/26/2026 Source: | Price Decreased | $899,000 -9.19% $394/sqft |
09/30/2025 Source: | Price Decreased | $990,000 -1.00% $434/sqft |
09/23/2025 Source: | Price Decreased | $1,000,000 -4.76% $438/sqft |
08/25/2025 Source: | Price Decreased | $1,050,000 -2.78% $460/sqft |
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Based on information from California Regional Multiple Listing Service, Inc. as of Oct 12, 2026, 12:30AM 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. Properties may or may not be listed by the office/agent presenting the information. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 California Regional Multiple Listing Service. All Rights Reserved.
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