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1240 N Ventura Avenue, VENTURA, CA 93001

$2,725,000
Property Type: Res Inc Lot Size (sq. ft.): 29,691 Status: Closed
Current Price: $2,725,000 List Date: 9/12/2018 Last Modified: 9/15/2024

Overview

Description

Excellent opportunity to purchase a well located value add missed use property in Ventura. This building sits on over a half acre with excellent street store frontage and two large parking lots. The first floor is composed of 6 commercial spaces and the second level is residential.

Listing Details MLS# 18-3338

Location Info

District
00 - VENTURA
Street #
1240
Dir
N
Street Name
Ventura
Street Suffix
Avenue
State
CA
Country
US
Postal Code
93001
County
Ventura
Parcel Number
069-0-092-205
Cross Street
Main

Contract Info

Price
3200000
Buyers Agent $/%
2
Begin Date
2018-09-11

Status Information

Sold Date
2019-04-03
Under Contract Date
2018-11-29

Property Information

Number of Units
39
Year Built
1929
Apx Lot SqFt
29691
Recurring Fees
No

Remarks

Hot Sheet Comment
new

Owner Info

Deposit
3

More Information

Unit 1

# Units
19
# Bedrooms
19
# Baths
3
Furnished
N
Rent
11850
Monthly Total
33500
# Half Baths
0

Unit 2

# Units
12
# Baths
12
Furnished
N
Monthly Total
13450
# Bedrooms
0

Unit 3

# Units
2
# Bedrooms
2
# Baths
2
Furnished
N
Monthly Total
1800

Unit 4

# Units
6
# Baths
6
Furnished
N
Rent
5900
Monthly Total
5900
# Bedrooms
0

Neighborhood/Schools

Elementary School
Other
Junior High School
Other
High School
Other

Income/Expenses

Total Monthly Income
33500
Annual Income
402000
Gross Rent Multiplr
8.29
Capitalization Rate
6.17
Vac Factor
4

Zoning

Other
Yes

Terms

Cash
Yes
OTHER/CLA
Yes

Listing Type

ER
Yes

Pub Listing Details

None
Yes

Property Features

Zoning: Other Terms: Cash; OTHER/CLA Listing Type: ER Pub Listing Details: None
IDX
Listing Office: Radius Group Commercial R.E.
Last Updated: September - 15 - 2024
The data relating to real estate for sale on this web site comes from the Internet Data Exchange Program of the Santa Barbara Multiple Listing Service. Real estate listings held by brokerage firms other than the displaying broker(s) are marked with the 'MLS' logo and detailed information about them includes the name of the listing brokers. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor displaying broker shall be responsible for any typographical errors, misinformation, or misprints. 2015 Santa Barbara Multiple Listing Service. All rights reserved.

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