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Sold on 07/16/2026
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180 E Pleasant St, Santa Paula, CA 93060

$1,650,000

Last sold 07/16/2026 after 159 Days

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    bed

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    bath

Multi-family not for sale

About 180 E Pleasant St

Property type Multi-family
Year built 1970
HOA fee $0/month
Lot size 0.33 Acre
Parking 8 garage spaces
Rental estimate
Property description
This is a solid 7-unit, multi-family asset positioned in an established residential adjacent to Santa Paula's historic district. This corner-lot property offers a balanced mix of stability, ideal for investors seeking durable cash flow in a supply-constrained Ventura County market.Units are all electric - no gas to the property.**Unit Mix & Income Profile****1 Owner's Unit: Single-story **2BR residence with attached garage**--well-suited for owner-occupancy or conversion to a premium rent unit.**6 Rental Units: All **2BR/1BA**, a consistently high-demand floor plan that supports strong occupancy and low turnover. Each unit includes a covered carport, enhancing rentability and tenant retention.Balcony inspections completed, and repair bids will be available, ensuring compliance with SB 721. **Community laundry room** provides additional income potential. **Corner lot** improves visibility, access, and long-term redevelopment flexibility. **Long-term ownership and continuous professional management indicate stable historical operations and slightly below-market rents to create stable occupancy, Owner is simply liquidating this asset. **Investment Highlights****Desirable 2BR unit mix** supports strong rent growth and broad tenant appeal. **Low maintenance configuration** with simple, repeatable floor plans. **High-demand location** near Santa Paula's historic district, employment centers, and schools. **Potential for rent repositioning** through cosmetic upgrades or modernization of common areas. **Owner's unit premium** offers optionality: occupy, lease at market, or convert to a higher-yield configuration.
Listed by
Listing Agent - Kay Wilson-Bolton
Listing Office - eXp Realty of California Inc
Source: CRMLS mls logo
MLS#V1-34553 • last updated 3 months ago
Movoto checked CRMLS for data 2 minutes ago
Overview
Levels/Style Two, Traditional
Type Residential Income
SubType Commercial/Residential
Status Closed
Lot Size (Acres) 0.33
Lot Size (SqFt) 14374
Year Built 1970
Condition Repairs Cosmetic
Interior
Laundry Community
Appliances Water Heater, Electric Range
Exterior
Foundation Slab
Construction Stucco
Roof Composition
Building Area 6587
Parking Covered, Garage - Single Door, Attached Carport
# Carport Spaces 7
# Parking Spaces 8
# Garage Spaces 8
Lot Description Corner Lot, Level With Street
Amenities / Utilities
Fireplaces None
Sewer/ Septic Public Sewer
Water Source Public
Spa None
Pool None
Location
View None
County Ventura
Community Features Street Lights, Sidewalks
Subdivision Santa Paula: Other - 51, Santa Paula: Other - 51
Directions From Hwy 126, North At The Palm Avenue Exit; Stay North Past Santa Paula Street. The Units Are On The Corner Of Palm Avenue And Pleasant Street.Please Do Not Disturb Tenants Or Go On The Property.
APN 1000140305
Multifamily Details
Vacancy Allowance Rate 2
Expense: Trash 13104
Laundry Income 1876
Operating Expense 56662
Cap Rate 5.3
Expense: Insurance 15000
Total Expenses 180482
Expense: Maintenance 4760
Expense: Water/ Sewer 29373
Gross Income 180482
Gross Multiplier 14.37
Gross Scheduled Income 180482
Expense: Gardener 12974
Lot/ Land Details
Road Frontage City Street
Road Surface Paved
Rental est.: $2,357/month
Gross rent multiplier: 58.3
  • Jul 2026
    mls logo MLS # V1-34553
  • Jul 18, 2026 Sold
    $1,650,000 (-15.4%)
  • May 24, 2026 Active
    —
  • May 21, 2026 Listed
    $1,950,000 (-11.4%)
  • Apr 3, 2026 Active
    —
  • Mar 3, 2026 Price Change
    $2,200,000 (-15.2%)
  • Feb 9, 2026 Price Change
    $2,595,000 (+4.0%)
  • Feb 7, 2026 Listed
    $2,495,000
  • Year Property taxes Tax assessment
  • 2024
    $12,717 +2.1%
    $1,089,403
  • 2023
    $12,450 +2.9%
    $1,089,403 +2.0%
  • 2022
    $12,094 +0.3%
    $1,068,043 +4.04%
  • 2021
    $12,059 +0.5%
    $1,026,570
  • 2020
    $12,004 +5.8%
    $1,026,570 +1.04%
  • 2019
    $11,345 +1.3%
    $1,016,046 +2.0%
  • 2018
    $11,202 +5.2%
    $996,125 +4.04%
  • 2016
    $10,649 +4.6%
    $957,446
  • 2015
    $10,181
    —
  • 180 E Pleasant St
    $1.65M
  • —
  • 93060
    $784K +3% y/y
  • Santa Paula
    $784K +3% y/y
No chart available
Statistics calculated by Movoto

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Source: GreatSchools.org © 2026. All rights reserved.

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