REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Craig Lieberman • Apartment Investment Specialis
$ 2,385,000
Est. payment /mo
Pending
852 North Ventura Avenue Ventura, CA 93001
4,664 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Pending
Purchase Type For Sale
Square Footage 4,664 sqft
Price per Sqft $511
MLS Listing ID V1-34456
Year Built 1926
Lot Size 0.280 Acres
Source California Regional Multiple Listing Service (CRMLS)
Property Description
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.
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.
Location
State CA
County Ventura
Area Vc21 - Ventura - Ventura Ave
Interior
Heating Wall Furnace
Fireplaces Type None
Laundry None
Exterior
Parking Features Assigned
Pool None
Community Features Sidewalks, Street Lights
View Y/N No
View None
Building
Lot Description Sprinklers, Sprinkler System
NEARBY SCHOOLS & PROPERTIES
GET MORE INFORMATION