$10,100,000
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25,004 SqFt
SOLD DATE : 12/22/2023
Key Details
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 25,004 sqft
Price per Sqft $391
MLS Listing ID 23-2132
Sold Date 12/22/23
Year Built 1962
Lot Size 0.574 Acres
Acres 0.57
Lot Dimensions 25004.0
Source Santa Barbara Multiple Listing Service
Property Description
Value-add 38 unit apartment building opportunity for only $267k/unit in the low turnover sale marketplace of city of Ventura. 14.1 GRM, 4.4% CAP on actual and 11.0 GRM, 6.3% CAP on market rents. Tradewinds Apartments is set on a .89 acre lot w/ garage parking, pool and laundry room. Convenient location near Pacific View Mall & Lowes, Community Memorial Hospital, Ventura College, Ventura Harbor and local beaches plus easy access to both the 101 and 126 freeways. Unit mix consists of (1) 3BD/1BA, (4) 2BD/1BA, (18)1BD/1BA and (15) studios. Utilities sep metered for electric and gas and (2) 100 gallon water heaters service building. Major upside in rental rates. Available reports include: General inspection, termite, roof and sewer lateral. OFFER DUE DATE AUG 4th @ 12PM
Location
State CA
County Ventura
Interior
Laundry Laundry Room
Exterior
Parking Features Garages
Garage Spaces 38.0
Total Parking Spaces 38
Garage Yes
Others
Tax ID 075-0-284-145
Acceptable Financing Ctnl
Listing Terms Ctnl
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