Restricted Address

Ventura, CA 93003

$2,100,000
Price
4
Beds
2
Baths
1
1/2 Bath
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

This property boasts a strong unit mix comprised of six two-bedroom, one-bathroom units and one two-bedroom, one-and-a-half bathroom unit. While the gross income of the property hovers around $150,000 annually, the unit rents vary, but the average is approximately $1,760 per month, leaving significant upside as legal rent increases are permitted. The financial metrics offered based on the asking pricing is a 13.9 GRM and a 4.6% cap rate. Along with the property benefitting with copper plumbing throughout,...This property boasts a strong unit mix comprised of six two-bedroom, one-bathroom units and one two-bedroom, one-and-a-half bathroom unit. While the gross income of the property hovers around $150,000 annually, the unit rents vary, but the average is approximately $1,760 per month, leaving significant upside as legal rent increases are permitted. The financial metrics offered based on the asking pricing is a 13.9 GRM and a 4.6% cap rate. Along with the property benefitting with copper plumbing throughout, the seller has consistently maintained and renovated this property throughout his over 10-year ownership period, Those updates include new floors, kitchen countertops, and new bathroom fixtures as needed throughout.
  1. Listed by Craig Lieberman • DRE #00682741 • Apartment Investment Specialists

Property Details for Restricted Address

Zoning
Other
Zoning:Other
Yes
Location Info:Cross Street
Peacock Avenue
Property Information:Recurring Fees
No
LISTING UPDATED: 11/11/2024 02:46 PM

Property Details for Restricted Address

StatusActive
MLS #24-3704
Days on Market6
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1973
Lot Size-
CountyVentura County

Building Information for Restricted Address

Stories-Residences7Year Built1973Building Size-Lot Size-

Property Information for Restricted Address

Details
Features
  • District: 00 - VENTURA
  • District: 00 - VENTURA
  • Laundry Features: Individual Room
  • Heating: Wall Furnace
  • View: None
  • Cooling: None
  • Common Walls: Detached/No Common Walls
  • Community Features: Sidewalks, Street Lights
  • Cooling: No
  • Fencing: Wood
  • Heating: Yes
  • Pool Features: None
  • Pool: No
  • Spa Features: None
  • Fireplace: No
  • Year Built Numeric: 1973
  • Building Area Total: 0.0
Taxes and HOA Information
  • Association: No
  • Parcel Number: 135-0-172-020
  • Association Fee: $.00
Condo/Co-op/PUD
  • CondoCO-OPPUD:Association Fee: $.00
Parking/Garage
  • Parking Features: Garages
  • Garages: Yes
  • Parking Info:Garages: Yes
Room Info
Room Info
  • Total Bathrooms: .00
  • Bathrooms Total (Decimal): .00
  • Bathrooms Total (Notational): .00
Location Info
Location Info
  • Directions: Johnson to Bristol, located between Peacock and Waxwing Avenue
  • Lot Features: Sprinklers None
Neighborhood/Schools
  • Elementary School: Other
  • Junior High School: Other
  • High School: Other
  • NeighborhoodSchools:Elementary School: Other
  • NeighborhoodSchools:Junior High School: Other
  • NeighborhoodSchools:High School: Other
Property / Assessor Information
Property / Assessor Info
  • Lot Size Square Feet: 0.0
  • Lot Size Area: 0.0
  • PropertyAttachedYN: No
  • Lot Size Acres: 0.0
  • Lot Size Units: Square Feet
  • Property Type Label: Res Inc
  • Senior Community YN: No
  • Property Information:Realtor.com Type: Multi-Family
  • Property Information:Year Built: 1973.0
Income / Expense Info
Income / Expense Info
  • Income/Expenses:Gross Rent Multiplr: 13.9
  • Income/Expenses:Capitalization Rate: 4.6
  • Income/Expenses:Electric Expense: $1,170
  • Income/Expenses:Trash Expense: $4,000
  • Income/Expenses:Total Annual Exp: $49,883.00
  • Income/Expenses:NOI: 96443
  • Income/Expenses:Annual Income: $150,852
  • Gross Income: $150,852
  • Electric Expense: $1,170
  • Insurance Expense: $4,500
  • Trash Expense: $4,000
  • Water Expense: $4,150
  • OperatingExpense: $49,883
Unit Info
Unit Info
  • Number Of Units Total: 7
Unit 1 Info
  • Unit 1:# Units: 1
  • Unit 1:# Bedrooms: 2
  • Unit 1:# Baths: 1
  • Unit 1:# Half Baths: 1
  • Unit 1:Furnished: N
  • Unit 1:Rent: $1,850.00
  • Unit 1:Monthly Total: $1,850.00
Unit 2 Info
  • Unit 2:# Units: 6
  • Unit 2:# Bedrooms: 2
  • Unit 2:# Baths: 1
  • Unit 2:Rent: $1,757.00
  • Unit 2:Monthly Total: $10,542.00

Property History for Restricted Address

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for Restricted Address

Taxable ValueLand$378,569Additions$985,492Total$1,364,061
Tax Record2023$14,749 ($1,229 / month)
Home Facts
Total Finished SqFt5,298 SqFtAbove Grade Finished SqFt5,298 SqFtLot Size7,840 SqFtStyleMulti-Family Res (5+ Units)Year Built1973ZoningR3-2CountyVENTURAAPN135-0-172-020

Schools near Restricted Address

This home is within Ventura Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Montalvo Elementary School
PublicK to 5

Anacapa Middle School
Public6 to 8

Ventura High School
Public9 to 12

Mound Elementary School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Restricted Address is a multi-family home for sale in Ventura, CA 93003. This property was listed for sale on November 11, 2024 by Apartment Investment Specialists, it's currently listed at $2,100,000. It has been on the market for a total of 6 days and was last sold on October 29, 2013. This listing's school district is Ventura Unified School District. Nearby schools include Montalvo Elementary School, Anacapa Middle School and Ventura High School. Restricted Address is a 4-bed, 2.5-bath, multi-family home built in 1973.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Apartment Investment Specialists, Craig Lieberman, DRE #00682741

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.