852 N Ventura Avenue, Ventura, CA 93001
852 N Ventura Avenue, Ventura, CA 93001
852 N Ventura Avenue, Ventura, CA 93001
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Kobe Zimmerman

Kobe Zimmerman

Berkshire Hathaway Home Services California Properties

+1(858) 753-3353
$2,385,000
Est. payment /mo
1 Bed
1 Bath
0.28 Acres Lot
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Pending

Purchase Type For Sale

MLS Listing ID V1-34456

Bedrooms 1

Lot Size 0.280 Acres

Property Sub-Type Res Income 2-4 Units

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

Zoning Public Rec

Direction Located between E Barnett Street and Kellogg Street.

Interior

Fireplace No

Exterior

View Y/N No

Roof Type Composition

Others

Senior Community No

Tax ID 0710031120

Acceptable Financing Cash

Listing Terms Cash

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MLS Router / San Diego MLS
Listed by Craig Lieberman, DRE#00682741 Apartment Investment Specialis 

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852 N Ventura Avenue