8
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$2,385,000
Est. payment /mo
0.28 Acres Lot
Pending
852 N Ventura AVE Ventura, CA 93001
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Key Details
Property Type Single Family Home
Listing Status Pending
Purchase Type For Sale
MLS Listing ID V1-34456
HOA Y/N No
Year Built 1926
Lot Size 0.280 Acres
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.
Location
State CA
County Ventura
Area Vtu - Ventura
Interior
Heating Wall Furnace
Cooling None
Fireplaces Type None
Fireplace No
Appliance Gas Oven, Refrigerator
Laundry None
Exterior
Parking Features Assigned
Fence Wood
Pool None
Community Features Street Lights, Sidewalks
View Y/N No
View None
Roof Type Composition,Shingle
Accessibility None
Total Parking Spaces 11
Private Pool No
Building
Lot Description Sprinkler System
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 0710031120
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
Listed by Craig Lieberman Apartment Investment Specialis #00682741
NEARBY SCHOOL & BUSINESS
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