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255 Sespe Ave, Fillmore, CA 93015
$845,000
255 Sespe Ave, Fillmore, CA 93015View this property at 255 Sespe Ave, Fillmore, CA 93015
255 Sespe AveFillmoreCA93015
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Property Description
We are excited to present this investment opportunity to purchase a triplex in Fillmore, CA, located at 255 Sespe Ave. This triplex, being offered for sale for the first time in over 12 years, was built in 1968 and has been well maintained during the seller's ownership.The property offers three units, with a combined building size of 2,700 square feet, strategically situated on a 6,631 square foot lot (0.15 acres). The unit mix consists of two 2-bedroom, 1-bath units, each approximately 700 square feet, and one 3-bedroom, 1-bath unit, measuring around 900 square feet. The property also provides four dedicated parking spaces, accessible via the alley behind the building.This property offers an estimated 14% upside potential over current rents. Furthermore, Fillmore doesn't have any local rent control laws, adhering only to California's AB 1482. This allows for rent increases of 5% to 10% based on the CPI annually, making it feasible to achieve that 14% rent upside faster than in stricter rent-controlled areas.Fillmore is a flourishing city in Ventura County, characterized by its serene parks like the Veterans Memorial Park, convenient shopping centers, and diverse eateries. The city is in close proximity to major towns such as Oxnard, Simi Valley, Thousand Oaks, and Santa Paula. Especially relevant to potential investors is Fillmore's economic stability: the unemployment rate stands at 6.4%, with recent job growth indicating positive trends. The city has seen a 5.5% population growth since 2020 and boasts a housing market currently on the rise, evidenced by a 4.2% appreciation in home values over the last year.With its strategic location, potential for increased rental income, and the growth trajectory of Fillmore, this property represents a solid addition to any investor's portfolio.
Full Property Details
Full Property Details for 255 Sespe Ave
General
- Sold For: $845,000
- Status: Closed
- Type: Multi-Family
- MLS ID: 23-320953
- Added to Site: 223 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 3
Bedrooms
- Total Bedrooms: 7
Additional Information
- Other Features: None
Parking
- Garage Description: Carport
Location
- Area: Fillmore
- County: Ventura
- Driving Directions: Mountain View & Sespe
Heating & Cooling
- Cooling Type: Other
- Heating Type: Other
Structural Information
- # Buildings: 1
- Stories/Levels: 1
- Square Feet: 2,700
- Sq. Ft. Source: Vendor Enhanced
- Year Built: 1968
- Year Built Source: Vendor Enhanced
Unit Information
- Units in Complex: 3
- Unit Type: 2106, 2107
Unit 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 2
- Total Bathrooms: 1
- Bedrooms: 3
Additional Structures
- Other Structures: None
Lot Features
- Lot Size (Acres): 0.1522
- Lot Size: 6631
- Lot Size Source: Vendor Enhanced
- Zoning: R2
Financial Considerations
- Price Per Sq. Ft.: $314.81
- Assessment Year: 1968
Disclosures and Reports
- Disclosures/Reports: None
- APN: 053-0-154-080
Listed by Marcus & Millichap, Filip Niculete and Marcus & Millichap, Glen Scher
Sold by RE/MAX Gold Coast REALTORS, Ray Galvez
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Schools
Schools serving 255 Sespe Ave
School District:Fillmore Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
555 Central Ave, Fillmore, CA 93015 | 9-12 | 0.4 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 255 Sespe Ave
Date
Details
Price
Change
Source
11/16/2023
Sold
$845,000
-0.59%
MLS
10/12/2023
Listed
$850,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
255 Sespe Ave, Fillmore, CA 93015 (MLS# 23-320953) is a Multi-Family property that was sold at $845,000 on November 16, 2023. Want to learn more about 255 Sespe Ave? Do you have questions about finding other Multi-Family real estate for sale in Fillmore? You can browse all Fillmore real estate or contact a Coldwell Banker agent to request more information.