Listed by Kay Wilson-Bolton, eXp Realty of California Inc, (805) 340-5025
321 Walnut St
Santa Paula, CA 93060
- 4 Beds
- 2 Baths
- 2,281 sqft
4 Beds
2 Baths
2,281 sqft
Local Information
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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
Home Highlights
Parking
2 Parking Spaces
Outdoor
No Info
A/C
Heating only
HOA
None
Price/Sqft
$394
Listed
33 days ago
Home Details for 321 Walnut St
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Beds & Baths Number of Bedrooms: 4Number of Bathrooms: 2 |
Appliances & Utilities Utilities: Cable Available, Electricity Connected, Natural Gas ConnectedAppliances: Gas RangeLaundry: Outside |
Heating & Cooling Heating: Wall FurnaceNo CoolingAir Conditioning: NoneHas HeatingHeating Fuel: Wall Furnace |
Fireplace & Spa Fireplace: NoneSpa: NoneNo FireplaceNo Spa |
Windows, Doors, Floors & Walls Flooring: Tile, VinylCommon Walls: 1 Common Wall |
Levels, Entrance, & Accessibility Floors: Tile, Vinyl |
View No ViewView: None |
Security Security: Carbon Monoxide Detector(s), Smoke Detector(s) |
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Exterior Home Features Roof: CompositionFencing: Chain LinkFoundation: Raised, SlabNo Private Pool |
Parking & Garage No GarageNo Attached GarageParking Spaces: 2Parking: Driveway |
Pool Pool: None |
Frontage Road Frontage: City StreetNot on Waterfront |
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Cumulative Days on Market: 3Days on Market: 33 |
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Year Built Year Built: 1900 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi FamilyArchitecture: Cottage |
Building Construction Materials: StuccoNot a New ConstructionAttached To Another StructureNo Additional Parcels |
Property Information Condition: Fixer, Repairs CosmeticNot Included in Sale: All of tenants belongingsIncluded in Sale: NoneParcel Number: 1000165105 |
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Price List Price: $899,000Price Per Sqft: $394 |
Status Change & Dates Possession Timing: Close Of Escrow |
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MLS Status: Active |
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Direction & Address City: Santa PaulaCommunity: Historic District - 0516 |
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Listing Agent Listing ID: V1-36040 |
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Building Area Building Area: 2281 Square Feet |
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Community Features: SidewalksNot Senior Community |
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Association for this Listing: California Regional MLS (Ventura & Pasadena-Foothills AORs)HOA Fee: No HOA Fee |
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Lot Area: 6098 sqft |
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Special Conditions: Trust |
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Listing Terms: Conventional, FHA |
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Expense Tenant Pays: Electricity, Gas |
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No Rent Control |
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Mls Number: V1-36040Living Area Range Units: Square FeetUniversal Property Id: US-06111-N-1000165105-R-N |
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SidewalksSource Internet Entire Listing Display |
Last check for updates: about 11 hours ago
Listing Provided by: Kay Wilson-Bolton DRE #00577863, (805) 340-5025
eXp Realty of California Inc
Originating MLS: California Regional MLS (Ventura & Pasadena-Foothills AORs)
Source: CRMLS, MLS#V1-36040

Also Listed on CRMLS, eXp Realty.
Price History for 321 Walnut St
| Date | Price | Event | Source |
|---|---|---|---|
| 04/28/2026 | $899,000 | Listed For Sale | CRMLS #V1-36040 |
| 10/15/2025 | $990,000 | ListingRemoved | SDMLS #V1-29238 |
| 06/25/2025 | $1,080,000 | Listed For Sale | SDMLS #V1-29238 |
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Property Tax and Assessment
| Year | 2025 |
|---|---|
| Tax | $2,680 |
| Assessment | $229,107 |
Home facts updated by county records
Comparable Sales for 321 Walnut St
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.62 | Multi-Family Home | $1,030,000 | 06/06/25 | 8 | 4 | 3,891 | |
0.57 | Multi-Family Home | $835,000 | 10/21/25 | 5 | 3 | - | |
0.33 | Multi-Family Home | $560,000 | 09/24/25 | 2 | 1 | - | |
0.71 | Multi-Family Home | $860,000 | 11/10/25 | 5 | 3 | - | |
7.33 | Multi-Family Home | $1,480,000 | 10/15/25 | 7 | 6 | 3,023 |
Nearby homes
Get a sense of prices in the area by checking nearby homes.Assigned Schools
These are the assigned schools for 321 Walnut St.
What Locals Say about Santa Paula
At least 131 Trulia users voted on each feature.
83 % Say there are sidewalks
82 % Say yards are well-kept
80 % Say it's dog friendly
74 % Say car is needed
67 % Say there's holiday spirit
63 % Say it's walkable to grocery stores
63 % Say kids play outside
62 % Say parking is easy
57 % Say it's walkable to restaurants
55 % Say neighbors are friendly
53 % Say they plan to stay for at least 5 years
53 % Say people would walk alone at night
52 % Say streets are well-lit
51 % Say it's quiet
29 % Say there's wildlife
29 % Say there are community events
Sourced by Trulia users. Learn more about our methodology.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Kay Wilson-Bolton, eXp Realty of California Inc
Agent Phone: (805) 340-5025

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 2026-02-09 09:51:42 PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Based on information from California Regional Multiple Listing Service, Inc. as of 2026-02-09 09:51:42 PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
321 Walnut St, Santa Paula, CA 93060 is a 4 bedroom, 2 bathroom, 2,281 sqft multi-family built in 1900. This property is currently available for sale and was listed by CRMLS on Apr 28, 2026. The MLS # for this home is MLS# V1-36040.

