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
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.**
More Information MLS# 21-3450
Location Info
Country: US
Cross Street: Valmore Ave
District: 00 - VENTURA
Street #: 3098
Street Name: Channel
Street Suffix: Drive
State: CA
Postal Code: 93003
County: Ventura
Parcel Number: 075-0-350-045
Contract Info
Buyers Agent $/%: 2
Current Price: $11,914,000
Price: 12000000
Begin Date: 2021-09-13
Status: Closed
Property Information
Year Built: 1966
Apx Lot SqFt: 49389
Apx # Acres: 1.13
Main House SqFt: 24904
Recurring Fees: No
Number of Units: 32
Neighborhood/Schools
Elementary School: Other
Junior High School: Other
High School: Other
Owner Info
Deposit: 3
Remarks
COVID Showing Remarks: Please do not walk on the property or disturb tenants. Inspection subject to an accepted offer.
Hot Sheet Comment: new
Miscellaneous
Parking Spaces: 50
Laundry
Bldg: 1
Unit 1
# Units: 12
# Bedrooms: 1
# Baths: 1
# Half Baths: 0
Furnished: N
Rent: 1771
Monthly Total: 21252
Income/Expenses
Annual Income: 757164
Gross Rent Multiplr: 15.96
Capitalization Rate: 4.40
Actual: 1
Vac Factor: 3%
Total Annual Exp: 205860
NOI: 528589
Heating
GFA: 1
Cooling
A/C None: 1
Unit 2
# Units: 12
# Bedrooms: 2
# Baths: 1
Rent: 2003
Monthly Total: 24036
Zoning
Other: 1
Terms
Conventional: 1
Listing Type
ER: 1
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
Owner Provides
None: 1
Status Information
Sold Date: 2021-12-03
Sold Price: $11,914,000
Under Contract Date: 2021-11-15
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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