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$ 2,385,000
Est. payment | /mo
1 Bed
1 Bath
0.28 Acres Lot
$ 2,385,000
Est. payment | /mo
1 Bed
1 Bath
0.28 Acres Lot
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
Listed by Craig Lieberman, DRE#00682741 Apartment Investment Specialis
Nearby Locations
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