John E Burge

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321 Walnut StreetSanta Paula, CA 93060

Multi-Family · 2,281 Sq. ft. | 0.14 Acres
$899,000 Active

321 Walnut Street Overview

Time on Site:
63 days
Visits:
0

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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321 Walnut Street Facts & Features

  • Type Multi-Family
  • Sq. ft. 2,281
  • Price/Sq.ft. $394
  • Lot 0.14 Acres

Details

General

Income/Expenses

  • Electric Expense: 11.0
  • Gross Income: 39000.0
  • Gross Scheduled Income: 39000.0

Building Information

  • New Construction: No
  • Year Built: 1900

Location/Region

  • Country: US
  • County Or Parish: Ventura
  • MLS Area Major: SPL - Santa Paula
  • Postal City: SANTA PAULA
  • Subdivision Name: Historic District - 0516

Community/Development

  • Community Features: Sidewalks

Rent/Lease Information

  • Land Lease: No
  • Tenant Pays: Electricity,Gas

General Information

  • Exclusions: All of tenants belongings
  • Inclusions: None
  • Listing Terms: Conventional,FHA
  • Parcel Number: 1000165105
  • Property Condition: Fixer,Repairs Cosmetic
  • Property Type: Residential Income
  • Rent Control: No
  • Senior Community: No
  • Special Listing Conditions: Trust

Interior

Parking Information

  • Garage: No

Beds/Baths

  • Bathrooms Total: 0

Building Interior

  • Building Area Total: 2281.0

General Information

  • Appliances: Gas Range
  • Common Walls: 1 Common Wall
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Tile,Vinyl
  • Foundation Details: Raised,Slab
  • Laundry Features: Outside
  • Security Features: Carbon Monoxide Detector(s),Smoke Detector(s)
  • Spa Features: None
  • Spa: No

Exterior

Parking Information

  • Parking Features: Driveway
  • Parking Total: 2.0

Lot Information

  • Additional Parcels: No
  • Lot Features: Sprinklers None
  • Lot Size Acres: 0.14
  • Lot Size Area: 6098.0
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 6098.0
  • Lot Size Units: Square Feet
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Water Source: Public

Waterfront/View

    Building Exterior/Construction

    • Architectural Style: Cottage
    • Construction Materials: Stucco
    • Direction Faces: West
    • Property Attached: Yes
    • Roof: Composition

    General Information

    • Fencing: Chain Link
    • Number Of Units Leased: 3
    • Pool Features: None
    • Pool Private: No
    • Road Frontage Type: City Street
    • Utilities: Cable Available,Electricity Connected,Natural Gas Connected

    321 Walnut Street Neighborhood

    Community

    93060 (Santa Paula) Demographics

    33
    Median Age
    282
    Population Density (per sq. mile)
    23%
    College Educated
    $63,573
    Estimated Median Income
    5,372
    Estimated Total Home Owners
    4,581
    Estimated Total Renters
    54% / 46%
    Estimated Owner / Renter Divide
    3
    Estimated Average Household Size
    Community data courtesy of LiveBy, Inc.

    Schools

    School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

    321 Walnut Street Monthly Cost

    $
    $ %
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    $
    $
    * All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

    321 Walnut Street Market Data

    Based on the last 30 days in this zip code

    $1,637,895
    Average List Price
    $719
    Average Price per Square Foot
    14
    Properties Sold
    66
    Average Days on Market
    192
    Properties for Sale
    Calculations provided by Reliance Network

    321 Walnut Street History

    Date Event Value Agent
    4/27/2026Source: CRMLS Added to Database
    April 27, 2026
    Listing provided courtesy of eXp Realty of California IncKay Wilson-Bolton- MLS# V1-36040MLS ProviderContact Information: [email protected] - (805) 340-5025
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