Date
Details
Price
Change
Source
4/27/2026
Listed
$899,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$899,000
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Property Description
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
Full Property Details
Full Property Details for 321 Walnut St
General
- Price: $899,000
- Status: Active
- Type: Multi-Family
- Source: MRMLS
- MLS ID: V1-36040
- Updated: 4/30/2026
- Days on Market: 15 days
- Added to Site: 14 day(s) ago
Interior
- Fireplace(s): None
- Appliances: Gas Range
- Flooring: Tile, Vinyl
Rooms
Other Rooms
- Laundry: Outside
Additional Information
- Pool Description: None
- Spa Description: None
Parking
- Parking Features: Driveway
- Parking: Driveway
Location
- Area: SPL - Santa Paula
- County: Ventura
- Development Name: SPL - Santa Paula
- Driving Directions: From 126, North on 10th Street, west on Santa Paula Street, north on Walnut by the three story Victorian home
- Direction Faces: West
Heating & Cooling
- Cooling Type: None
- Heating Type: Wall Furnace
Utilities
- Water: Public
- # Water Meters: 1
- # Gas Meters: 3
- # Electric Meters: 3
Structural Information
- Architectural Style: Cottage
- Foundation: Raised, Slab
- Roof: Composition
- Square Feet: 2,281
- Year Built: 1900
Unit Information
Unit 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 2
- Total Bathrooms: 1
- Bedrooms: 3
Lot Features
- Property View: None
- Lot Size (Acres): 0.14
- Lot Size (Sq. Ft.): 6,098
- Lot Size Source: Assessor
- Lot Description: No Sprinklers
Financial Considerations
- Price Per Sq. Ft.: $394.13
Disclosures and Reports
- Exclusions: All of tenants belongings
- Inclusions: None
Listed by eXp Realty of California Inc, Kay Wilson-Bolton
We Value Your Privacy
We Value Your Privacy
We Value Your Privacy
Listing agent
— 321 Walnut St —
Kay Wilson-Bolton
eXp Realty of California Inc
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 321 Walnut St
School District:Santa Paula Unified School District
| Name | Grades | Distance |
|---|---|---|
Mckevett Elementary 955 East Pleasant Street, Santa Paula, CA 93060 | K-5 | 0.3 mi |
Isbell Middle 221 South 4th Street, Santa Paula, CA 93060 | 7-8 | 0.5 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 321 Walnut St
Tax History
Tax History for 321 Walnut St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$2,673
—
$229,107
2%
2024
$2,673
2%
$224,615
2%
2023
$2,618
3%
$220,211
2%
2022
$2,544
—
$215,894
2%
2021
$2,536
—
$211,661
1%
2020
$2,525
6%
$209,492
2%
2019
$2,388
313%
$205,386
369%
2018
$578
-1%
$43,773
2%
2017
$583
6%
$42,916
2%
2016
$552
4%
$42,076
2%
2015
$531
—
$41,446
2%
2014
$532
—
$40,636
—
2013
$531
—
$40,454
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 321 Walnut St
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- Single Family
- Active
- Updated 2 days ago
- 3Beds
- 2Total Baths
- 1,040Sq. Ft.
- Single Family
- Active
- Updated 10 hours ago
- 3Beds
- 2Total Baths
- 1,122Sq. Ft.
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- Single Family
- Active
- Updated 6 days ago
- 6Beds
- 6Total Baths
- 8,471Sq. Ft.
- Single Family
- Active
- Updated 3 hours ago
- 3Beds
- 3Total Baths
- 2,478Sq. Ft.
- Single Family
- Active
- Updated 1 day ago
- 4Beds
- 3Total Baths
- 1,594Sq. Ft.
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321 Walnut Street, Santa Paula, CA 93060 (MLS# V1-36040) is a Multi-Family property with units containing 0 bedrooms and 0 full bathrooms. 321 Walnut Street is currently listed for $899,000 and was received on April 28, 2026. Want to learn more about 321 Walnut Street? Do you have questions about finding other Multi-Family real estate for sale in Santa Paula? You can browse all Santa Paula real estate or contact a Coldwell Banker agent to request more information.