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  • 321 Walnut Street

321 Walnut Street, Santa Paula, CA 93060

$899,000 Approx. USD 0 beds, 0 baths
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Photo of Hristo Hristov

Hristo Hristov, G.R.I., SFR, GREEN, FTBS REALTOR® - Sales Associate 805-284-8471 m
Lic#: 01978598
NRDS ID: 199506356
HHristov@bhhscal.com Text Me
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Lic#: 01978598
NRDS ID: 199506356
HHristov@bhhscal.com Santa Barbara Office
3868 State St
Santa Barbara, CA 93105
Phone: 805-687-2666
Fax: 805-563-0053
 Santa Barbara 3868 State St
Santa Barbara, CA 93105
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Listing Agent


Kay Wilson-Bolton | kay@realestatemagic.com
Lic#: 00577863
Broker: Courtesy of eXp Realty of California Inc
Phone: (805) 340-5025

Agent Remarks

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

Listing Details

Trust & Probate
Property type: (Multi-Family)
Status: Active
MLS# V1-36040
Price: $899,000
HOA Fee is $0.00
Beds: 0
Baths: 0
None fireplaces
Built in 1900
0.14 acres
Lot size: 0.1400
Subdivision: Historic District - 0516
County: Ventura
Property style: Cottage
Construction: Stucco
Appliances: Gas Range
Parking description: Driveway
Lot description: Sprinklers None
Heating/cooling: None
Heating description: Wall Furnace
MLS area: SPL - Santa Paula

Last Updated: 6/20/2026

 Days On Market (DOM): 82

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This listing belongs to the SPL - Santa Paula MLS area

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The style of this listing is Cottage.
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Lat/Long: 34.356496, -119.066635.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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Photo of Hristo Hristov

Hristo Hristov, G.R.I., SFR, GREEN, FTBS REALTOR® - Sales Associate 805-284-8471 m
Lic#: 01978598
NRDS ID: 199506356
HHristov@bhhscal.com Text Me
Call My Cell
Lic#: 01978598
NRDS ID: 199506356
HHristov@bhhscal.com
Santa Barbara Office
3868 State St
Santa Barbara, CA 93105
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