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    1445 E Main St

    Santa Paula, CA 93060
    • $2,000,000
    • STATUS: Active
    • ON SITE: 82 days
    • ID#: 20-597846
    UPDATED: 71 min ago
    $2,000,000
    • 3
      BEDS
    • 1.05
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,614
      SQFT
    • $356
      $/SQFT
    Type:
    Multi-Family
    Built:
    1955
    County:

    School Ratings & Info

    Description

    1445 Main St is few miles from The Harvest at Limoneira project that approximately will be fully completed in 2027 with an added bonus of being located within a designated Opportunity Zone. Currently, the offering features twenty-one studios sitting on a 1.05-acre lot. The proposed use On the development of the rear vacant portion of the property would be to build approximately 45 single transitional and/or Farm working single-occupancy units, common baths, showers, laundry, and a commercial kitchen cafeteria.Offering also features Opportunity Zone benefits to defer or eliminate capital gains. Buyer to conduct their own due diligence, verify development guidelines with the city, and consult their tax professional regarding Opportunity Zone benefits.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-21T23:42:52.19. 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.
    www.randyplaice.com/homes/107403309
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    1445 E Main St Santa Paula, CA 93060

    • Price: $2,000,000
    • Status: Active
    • Updated: 71 min ago
    • ID#: 20-597846
    3
    Beds
    0
    Baths
    0
    ½ Baths
    1.05
    Acres
    5,614
    SQFT
    $356
    $/SQFT
    1955
    Built
    Neighborhood:
    S.P. East Of Ojai/S.P. Rd To Center Of Rl
    County:
    Ventura
    Area:
    S.P. East Of Ojai/S.P. Rd To Center Of Rl
    Property Description
    1445 Main St is few miles from The Harvest at Limoneira project that approximately will be fully completed in 2027 with an added bonus of being located within a designated Opportunity Zone. Currently, the offering features twenty-one studios sitting on a 1.05-acre lot. The proposed use On the development of the rear vacant portion of the property would be to build approximately 45 single transitional and/or Farm working single-occupancy units, common baths, showers, laundry, and a commercial kitchen cafeteria.Offering also features Opportunity Zone benefits to defer or eliminate capital gains. Buyer to conduct their own due diligence, verify development guidelines with the city, and consult their tax professional regarding Opportunity Zone benefits.
    Exterior Features

    Lot Size Area 45738 Other Structures None Parking Garage Side By Side Total Parking 27

    Interior Features

    Baths Total 21.00 Cooling Other Equipment Ceiling FanMicrowave Heating Other

    Property Features

    Gross Income 246000 Gross Operating Income 241020 Like Units1 20 Like Units2 1 Net Operating Income 145994.00 Number Of Buildings 1 Number Of Units 21 Sale Type Standard Source Living Area Assessor Source Lot Size Area Vendor Enhanced Total Annual Expense 95026 Type Of Units Short Term Year Built Source Assessor Zoning Mult

    Listing provided courtesy of Daniel Withers DRE#01325901 of Matthews Real Estate Investment Services.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-21T23:42:52.19. 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.
     
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    Randy Plaice and Associates | RE/MAX
    27720 Dickason Drive
    Valencia CA, 91355