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732 E Santa Clara Street

Ventura, CA 93001
  • $6,250,000
  • STATUS: Active
  • ON SITE: 96 Days
  • ID#: 21763172
UPDATED: 24 min ago
$6,250,000
  • 0
    BEDS
  • 0.34
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1925
County:

School Ratings & Info

Description

We are pleased to present this turnkey investment opportunity located in the heart of downtown Ventura. The opportunity provides a rare chance to own in the best area of the city walkable to many restaurants & retail. In the past 4 years, the property has been fully renovated from top to bottom with all units redone. The buildings compromise of 36 total units and the mix consisting of eighteen (18) single room occupancy (SRO) units, fourteen (14) bachelor / 1 bath units, two (2) large bachelor / 1 bath units, and two (2) 2 bed / 1 bath units. The 18 SRO units share six common area bathrooms. Four of the bathrooms include a toilet and sink and two bathrooms include a shower, toilet and sink. Throughout Covid-19, the ownership has received 100% rent collection. Apartment inventory is very low in Ventura so this opportunity provides a chance to break into one of the best areas of the city. The city of Ventura also allows short term rentals allowing for much higher rents and flexibility. Tenant amenities include on-site laundry (4 dryers / 4 washers), a garden and a greenhouse in the back of the property.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-26T19:30:16.21. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.
www.therealestategirl.com/homes/119550318
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732 E Santa Clara Street Ventura, CA 93001

  • Price: $6,250,000
  • Status: Active
  • Updated: 24 min ago
  • ID#: 21763172
0
Beds
0
Baths
0
½ Baths
0.34
Acres
1925
Built
Neighborhood:
VC24 - California St. to Mills Rd
County:
Ventura
Area:
VC24 - California St. to Mills Rd
Property Description
We are pleased to present this turnkey investment opportunity located in the heart of downtown Ventura. The opportunity provides a rare chance to own in the best area of the city walkable to many restaurants & retail. In the past 4 years, the property has been fully renovated from top to bottom with all units redone. The buildings compromise of 36 total units and the mix consisting of eighteen (18) single room occupancy (SRO) units, fourteen (14) bachelor / 1 bath units, two (2) large bachelor / 1 bath units, and two (2) 2 bed / 1 bath units. The 18 SRO units share six common area bathrooms. Four of the bathrooms include a toilet and sink and two bathrooms include a shower, toilet and sink. Throughout Covid-19, the ownership has received 100% rent collection. Apartment inventory is very low in Ventura so this opportunity provides a chance to break into one of the best areas of the city. The city of Ventura also allows short term rentals allowing for much higher rents and flexibility. Tenant amenities include on-site laundry (4 dryers / 4 washers), a garden and a greenhouse in the back of the property.
Exterior Features

Parking Features Garage Parking Total 4 Pool Features None Pool Private YN No Spa Features None Spa YN No

Interior Features

Appliances DryerWasher

Property Features

Garage YN Yes Gross Income 482136 Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 296345 Property Condition Updated/Remodeled Senior Community YN No Special Listing Conditions Standard Zoning Dc

Listing provided courtesy of John Katnik of James Capital Advisors, Inc.


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-26T19:30:16.21. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.
 
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