852 N Ventura Avenue, Ventura, CA 93001

$2,385,000 Approx. USD 0 beds, 0 baths

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Brochure

Photo of Stephanie Young

Marketed By Stephanie Young REALTOR® - Sales Associate 805-453-8528 m
Lic#: 01712844
NRDS ID: 199503570
sbrealestateguide@gmail.com Goleta Office
161 N Fairview Ave., Ste. B
Goleta, CA 93117
Phone: 805-319-7070

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Agent Remarks

Built in 1926, this 11-unit apartment property situated on a 12,196 square-foot parcel, contains unique individual 425 square-foot one-bedroom - one-bathroom 'casita' units that are separately metered for gas and electricity with grass-groomed central courtyard surrounded by decorative perimeter fencing providing its tenant community with a comfortable private environment, and located adjacent to the new Kellogg Park. The roofs were replaced on each individual structure in 2019 that has a transferable 7-year labor and 30-year manufacturer's warranty. In 2022, the exterior of all buildings was painted. These updates have contributed to the much younger effective age of this property than its chronological age. Significant financial highlights for this property are its GRM and Price-Per-Unit, both of which are among the lowest compared to recent sales, making this property's metrics financially compelling to investors hoping to maximize cash flow.

Listing Details

Property type: (Multi-Family)

Status: Pending

MLS# V1-34456

Price: $2,385,000

HOA Fee is $0.00

Beds: 0

Baths: 0

None fireplaces

Built in 1926

1 story

0.28 acres