Ventura CA Multi Family for Sale
$2,100,000
6418 Hummingbird Street Ventura, CA 93003
- Type:
- Cluster
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.18 Acres
- Year built:
- 1973
- Baths:
- MLS#:
- V1-26685
- Subdivision:
- Montalvo Heights - 0262
ADDITIONAL INFORMATION
This property boasts a strong unit mix comprised of six two-bedroom, one-bathroom units and one two-bedroom, one-and-a-half bathroom unit. While the gross income of the property hovers around $150,000 annually, the unit rents vary, but the average is approximately $1,760 per month, leaving significant upside as legal rent increases are permitted. The financial metrics offered based on the asking pricing is a 13.9 GRM and a 4.6% cap rate. Along with the property benefitting with copper plumbing throughout, the seller has consistently maintained and renovated this property throughout his over 10-year ownership period, Those updates include new floors, kitchen countertops, and new bathroom fixtures as needed throughout.
$3,630,000
3402 Rexford Street Ventura, CA 93003
- Type:
- Apartment
- Sq.Ft.:
- 9,330
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.29 Acres
- Year built:
- 1965
- Baths:
- MLS#:
- V1-24857
- Subdivision:
- Empire/Sidonia - 1070
ADDITIONAL INFORMATION
Location, Location, Location! 10 unit apartment building close to the Pacific View Mall, Lowes, Community Memorial Hospital, Ventura County Medical Center, Ventura College, and local beaches. Easy access to the 101 & 126 Freeways. This property is 100% rented. The City of Ventura does not have rent control, subject to California's AB-1482. This property sits on the corner of Rexford and Sidonia, 12,480 sq ft lot, per assessor. 8-2+1.5 units, 1-2+1 unit, 1-1+1.5 All units are in good shape, with long term tenants. There are 10 open covered carports. Utilities sep meters for electric and gas. Coin laundry. Reports upon request.
Ventura Real Estate
The median home value in Ventura, CA is $798,866. This is higher than the county median home value of $745,500. The national median home value is $338,100. The average price of homes sold in Ventura, CA is $798,866. Approximately 52.72% of Ventura homes are owned, compared to 40.22% rented, while 7.06% are vacant. Ventura real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Ventura real estate agent to arrange a tour today!
Ventura, California 93003 has a population of 115,804. Ventura 93003 is less family-centric than the surrounding county with 28.5% of the households containing married families with children. The county average for households married with children is 33.07%.
The median household income in Ventura, California 93003 is $87,323. The median household income for the surrounding county is $94,150 compared to the national median of $69,021. The median age of people living in Ventura 93003 is 40.6 years.
Ventura Weather
The average high temperature in July is 76.13 degrees, with an average low temperature in January of 43.87 degrees. The average rainfall is approximately 16.27 inches per year, with 0 inches of snow per year.