$5,870,000
$6,250,000
6.1%For more information regarding the value of a property, please contact us for a free consultation.
14,000 SqFt
SOLD DATE : 02/01/2022
Key Details
Sold Price $5,870,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 14,000 sqft
Price per Sqft $419
MLS Listing ID 21763172
Sold Date 02/01/22
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1925
Lot Size 0.344 Acres
Acres 0.3444
Property Description
We are pleased to present this turnkey investment opportunity located in the heart of downtown Ventura. The opportunity provides a rare chance to own in the best area of the city walkable to many restaurants & retail. In the past 4 years, the property has been fully renovated from top to bottom with all units redone. The buildings compromise of 36 total units and the mix consisting of eighteen (18) single room occupancy (SRO) units, fourteen (14) bachelor / 1 bath units, two (2) large bachelor / 1 bath units, and two (2) 2 bed / 1 bath units. The 18 SRO units share six common area bathrooms. Four of the bathrooms include a toilet and sink and two bathrooms include a shower, toilet and sink. Throughout Covid-19, the ownership has received 100% rent collection. Apartment inventory is very low in Ventura so this opportunity provides a chance to break into one of the best areas of the city. The city of Ventura also allows short term rentals allowing for much higher rents and flexibility. Tenant amenities include on-site laundry (4 dryers / 4 washers), a garden and a greenhouse in the back of the property.
Location
State CA
County Ventura
Area Vc24 - California St. To Mills Rd
Zoning DC
Interior
Fireplace No
Appliance Dryer, Washer
Exterior
Garage Garage
Garage Spaces 4.0
Garage Description 4.0
Pool None
Parking Type Garage
Total Parking Spaces 4
Private Pool No
Building
Story 2
New Construction No
Construction Status Updated/Remodeled
Others
Senior Community No
Tax ID 0730135020
Special Listing Condition Standard
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Bought with John Katnik • James Capital Advisors, Inc.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
Scott Greenspan
Broker Owner