$3,125,000
$3,500,000
10.7%For more information regarding the value of a property, please contact us for a free consultation.
0.71 Acres Lot
SOLD DATE : 11/20/2019
Key Details
Sold Price $3,125,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 19502986
Sold Date 11/20/19
HOA Y/N No
Year Built 1973
Lot Size 0.710 Acres
Property Description
Excellent opportunity to own a 13 unit apartment in Ventura with very large units. The apartment consists of 8 - 3/1.5's ($1730 avg rent), 1 - 4/1.5's ($1800 rent), 2 - 4/1.75's ($1775 rent), 1 - 4/2's ($1950 rent), and 1 - 5/1.5's (1975 rent). Annual gross income is $277,380. $205/square foot, 12.62x grm, 4.63% cap rate. $162,072 Net operating income. Note: Due to the low rents, there are 5 tenant rent increases taking place Sept 1st and 3 tenant rent increases taking place Oct 1st. Close proximity to the 101 freeway, Victoria Ave, Ralph's Shopping Center, Trader Joe's, and LA Fitness, including many other amenities and transportation in the area. There is no rent control in Ventura County. *Please do not walk on property or disturb any tenants.*
Location
State CA
County Ventura
Area Vc26 - Victoria Ave. To Kimball Rd.
Zoning R3-2
Interior
Cooling See Remarks
Fireplace No
Laundry See Remarks
Exterior
Parking Features Detached Carport
Building
Lot Description Sprinklers None
Story 2
Others
Tax ID 1350174290
Special Listing Condition Standard
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Bought with Brian Glen Barrios • Cooperation Capital Group, Inc
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
880 Roosevelt Suite 250, Irvine, California, 92620, United States