57 N Ann Street, VENTURA, CA 93001 (MLS# 24-2979)

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57 N Ann Street, VENTURA, CA 93001

$5,175,000

Property Type: Res Inc Lot Size (sq. ft.): 16,500 Status: Closed

Current Price: $5,175,000 List Date: 9/09/2024 Last Modified: 11/15/2024

Overview

Description

(20) 1BD/1BA unit value add apartment building in beautiful downtown Ventura 1 block north of Main Street. Central, secure front door entry with 3 stories accessed by elevator w/ partial ocean views from 2nd and 3rd floors. Potential to add additional unit by converting unused community room (approximately 350 SF with kitchen) on first floor. 10 tuck-under carport spaces that may offer ADU conversion potential + 3 uncovered parking spaces at rear. 5.0% cap, 12.2 GRM on current rents. Current rental rates are below market offering excellent upside opportunity for the astute investor. Location does not get much better with tenants being able to walk to shopping, eating, dining and entertainment options on Main Street along with parks, schools, beaches

Listing Details MLS# 24-2979

Location Info

District: 00 - VENTURA
Street #: 57
Dir: N
Street Name: Ann
Street Suffix: Street
State: CA
Country: US
Postal Code: 93001
County: Ventura
Parcel Number: 073-0-057-035
Cross Street: Main

Contract Info

Price: 5195000
Financing: CTEL
Begin Date: 2024-09-09

Status Information

Sold Date: 2024-11-15
Under Contract Date: 2024-10-01

Property Information

Number of Units: 20
Stories: 3
Year Built: 1972
Apx Lot SqFt: 16500
Recurring Fees: No

Remarks

Hot Sheet Comment: new

Owner Info

Deposit: 3

More Information

Unit 1

# Units: 20
# Bedrooms: Yes
# Baths: Yes
Furnished: N
Rent: 1763
Monthly Total: 35254
# Half Baths: 0

Neighborhood/Schools

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

Zoning

Other: Yes

Terms

Conventional: Yes

Listing Type

ER: Yes

Property Features

Zoning: Other Terms: Conventional Listing Type: ER

Listing Office: Beachside Partners

Last Updated: November - 15 - 2024

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