1574 Lemonwood DrSanta Paula, CA 93060

Property Details for 1574 Lemonwood Dr

Year built

2014

Lot size

2.84 AC

Property size (Sq ft)

10,502 SF

Zone code

M2

Property type

Industrial properties

APN

107-0-011-290

APU

1070011290

Description

This exceptional industrial portfolio in Santa Paula, CA, presents a compelling investment opportunity. Comprising three buildings totaling 12,536 square feet on a sprawling 83.4-acre lot, this multi-tenant property offers significant potential. Built in 2014, the property features two buildings across two stories, zoned for industrial use. The asking price is $5,500,000, translating to $438.74 per square foot and $1,833,333.33 per unit. The property's location in Ventura County provides easy access to major transportation routes, making it ideal for distribution and manufacturing operations. With its substantial size and versatile zoning, this property is suitable for a variety of industrial uses, offering a strong return on investment for both owner-occupiers and investors. The property includes APNs 04-0-200-220, 107-0-011-290, 104-0-200-245, 107-0-011-350, 107-0-011-365, 107-0-011-375, 104-0-200-275, and 107-0-011-220. This is a rare opportunity to acquire a significant industrial holding in a thriving California market. The property's strategic location and substantial size make it an attractive proposition for businesses seeking expansion or investors looking for a high-yield asset.

• CAP approach

  CAP return

  Valuation

  6%

  $6,986,970

  6.5%

  $6,449,510

  7%

  $5,988,830

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,195,300

  Geo Method

  $3,195,300

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $3,315,750

  Mixed-Use / Specialty

  $3,310,620

  Hospitality / Lodging

  $2,437,590

  Office

  $3,297,910

  Institutional / Educational

  $3,444,090

  Residential Income

  $4,029,590

  Multifamily

  $4,795,830

  Automotive / Energy

  $2,952,080

  Parking / Income-Based Land

  $1,012,130

  Restaurant / Food Service

  $1,736,140

  Healthcare / Senior Housing

  $3,388,120

Location Insight

City

Santa Paula

County

Ventura

State

California

Latitude

34.3541

Longitude

-119.048

CBSA code

37100

CBSA name

OXNARD-THOUSAND OAKS-VENTURA, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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