3098 Channel Drive, VENTURA, CA 93003 (MLS# 21-3450)

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3098 Channel Drive, VENTURA, CA 93003

$11,914,000

Property Type: Res Inc Square Footage: 24,904 Lot Size (sq. ft.): 49,389 Status: Closed

Current Price: $11,914,000 List Date: 10/14/2021 Last Modified: 9/15/2024

Overview

Description

Cap Rate 4.40% NOI $528,589 Newly renovated in 2020! Impeccably remodeled apartment complex with large units, walking distance to Ventura Beaches. Excellent attention to details and long lasting quality upgrades and finishes. Highly desirable location in nice neighborhood, near amenities, parks, beaches, shopping, restaurants, businesses and easy freeway access. Walking distance to the Ventura Pacific View Mall and a short bike ride to Ventura Beach. Desirable unit Mix: 12 1Bd/1Ba, 12 2Bd/1Ba, 8 2Bd/1.5Ba. Fully renovated courtyard, finished with outdoor dining, pergola, BBQ access, bocce pit, croquet and lounge seating. Some units have ocean and hillside views. All leases on RUBS Program. **Please do not walk on the property or disturb tenants. Inspection subject to an accepted offer.**

Listing Details MLS# 21-3450

Location Info

District: 00 - VENTURA
Street #: 3098
Street Name: Channel
Street Suffix: Drive
State: CA
Country: US
Postal Code: 93003
County: Ventura
Parcel Number: 075-0-350-045
Cross Street: Valmore Ave

Contract Info

Price: 12000000
Buyers Agent $/%: 2
Begin Date: 2021-09-13

Status Information

Sold Date: 2021-12-03
Under Contract Date: 2021-11-15

Property Information

Number of Units: 32
Year Built: 1966
Main House SqFt: 24904
Apx # Acres: 1.13
Apx Lot SqFt: 49389
Recurring Fees: No

Remarks

COVID Showing Remarks: Please do not walk on the property or disturb tenants. Inspection subject to an accepted offer.
Hot Sheet Comment: new

Owner Info

Deposit: 3

More Information

Miscellaneous

Parking Spaces: 50

Unit 1

# Units: 12
# Bedrooms: Yes
# Baths: Yes
Furnished: N
Rent: 1771
Monthly Total: 21252
# Half Baths: 0

Unit 2

# Units: 12
# Bedrooms: 2
# Baths: Yes
Rent: 2003
Monthly Total: 24036

Unit 3

# Units: 8
# Bedrooms: 2
# Baths: 1.5
Rent: 2173
Monthly Total: 17384

Meters

Sep Meter Elec: Y
Sep Meter Gas: Yes

Parking Info

Total # Carport Spaces: 32
Total # Unconvered Spaces: 18

Neighborhood/Schools

Elementary School: Other
Junior High School: Other
High School: Other

Laundry

Bldg: Yes

Income/Expenses

Annual Income: 757164
Gross Rent Multiplr: 15.96
Capitalization Rate: 4.40
Actual: Yes
Vac Factor: 3%
Total Annual Exp: 205860
NOI: 528589

Heating

GFA: Yes

Cooling

A/C None: Yes

Zoning

Other: Yes

Terms

Conventional: Yes

Listing Type

ER: Yes

Owner Provides

None: Yes

Property Features

Laundry: Bldg Cooling: A/C None Heating: GFA Owner Provides: None Zoning: Other Terms: Conventional Listing Type: ER

Documents

3098 Channel Drive Marketing Brochure ›

Listing Office: Cooperation Capital Group, Inc

Last Updated: September - 15 - 2024

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