321 Walnut Street

Santa Paula, CA
$ 899,000 Beds 0 Baths 1 Sq 2,281
Monthly Estimate* How much can I afford?

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

Active

  • Price
  • $ 899,000
  • City
  • Santa Paula
  • Bedrooms
  • 0
  • Full Bathrooms
  • 1
  • County
  • Ventura
  • Half Bathrooms
  • 0
  • Area
  • Santa Paula
  • Lot Size
  • 0.14 Acres
  • Zip
  • 93060
  • Sqr Footage
  • 2,281
  • Year Built
  • 1900
  • Style
  • MLS#
  • V136040
Listed By: Kay Wilson-Bolton with eXp Realty of California Inc;
Data Source: California Regional MLS (CRMLS)

Features

General

Heating WallFurnace
Cooling None
Utilities CableAvailable,ElectricityConnected,NaturalGasConnected
Possession CloseOfEscrow
Roof Composition
Appliances GasRange
Architectural Style Cottage
Pool Features None
Security Features CarbonMonoxideDetectors,SmokeDetectors
Construction Materials Stucco
Exclusions All of tenants belongings
Year Built 1900
Tenant Pays Electricity,Gas
View None
Gross Income 39000
Community Features Sidewalks
County Ventura
New Construction false
Property Type ResidentialIncome
Subdivision Name Historic District - 0516
Facing Direction West
Garage Y/N false
Special Listing Conditions Trust
Status Active
Directions From 126, North on 10th Street, west on Santa Paula Street, north on Walnut by the three story Victorian home
City Santa Paula
Senior Community Y/N false
MLS Area SPL - Santa Paula
Lot Size Units SquareFeet
Lot Size Square Feet 6098
Number of Units Leased 3
Listing Terms Conventional,FHA
Spa Features None
Property Attached Y/N true
Land Lease Y/N false
Electric Expense 11
Property Condition Fixer,RepairsCosmetic
Additional Parcels Y/N false
Rent Control Y/N false
Standard Status Active
Year Built Source Assessor
Total Actual Rent 3250
PostalCity SANTA PAULA

Interior Features

Flooring Tile,Vinyl
Fireplace Features None
Common Walls OneCommonWall
Air Conditioning Y/N false
Heating Y/N true
Fireplace Y/N false
Laundry Features Outside

Exterior Features

Fencing ChainLink
Parking Features Driveway
Lot Features SprinklersNone
Water Source Public
Total Parking 2
Inclusions None
Lot Size Area 6098
Foundation Details Raised,Slab
Number of Buildings 2
Spa false
Building Area Total 2281
Lot Size Acres 0.14
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 3
Number of Separate Electric Meters 3
Road Frontage Type CityStreet

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Temecula, CA office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

4/28/2026 Listed $899,000

Property vs Zip Code Average in 93060

Price
AVG $1.79M
$900K
Year Built
AVG 1982
1900

Areas That We Cover

321 Walnut Street Santa Paula, CA is a Single Family Home for sale at $899000 with 2281 sqft and a lot size of 0.14 Acres Acre(s). 321 Walnut Street Santa Paula has 0 bedrooms, 1 baths and was built in 1900. The property's zip code is 93060 which is in Santa Paula, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided 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.

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