6325-6373 Hummingbird Street, VENTURA, CA 93003 (MLS# 19-2976)

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6325-6373 Hummingbird Street, VENTURA, CA 93003

$3,125,000

Property Type: Res Inc Square Footage: 17,018 Lot Size (sq. ft.): 31,066 Status: Closed

Current Price: $3,125,000 List Date: 8/23/2019 Last Modified: 9/15/2024

Overview

Description

Excellent opportunity to own a 13 unit apartment in Ventura with very large units. The apartment consists of 8 - 3/1.5's ($1730 avg rent), 1 - 4/1.5's ($1800 rent), 2 - 4/1.75's ($1775 rent), 1 - 4/2's ($1950 rent), and 1 - 5/1.5's (1975 rent). Annual gross income is $277,380. $205/square foot, 12.62x grm, 4.63% cap rate. $162,072 Net operating income. Note: Due to the low rents, there are 5 tenant rent increases taking place Sept 1st and 3 tenant rent increases taking place Oct 1st. Close proximity to the 101 freeway, Victoria Ave, Ralph's Shopping Center, Trader Joe's, and LA Fitness, including many other amenities and transportation in the area. There is no rent control in Ventura County. *Please do not walk on property or disturb any tenants.*

Listing Details MLS# 19-2976

Location Info

District: 00 - VENTURA
Street #: 6325-6373
Street Name: Hummingbird
Street Suffix: Street
State: CA
Country: US
Postal Code: 93003
County: Ventura
Parcel Number: 135-0-174-290
Cross Street: Peacock Ave

Contract Info

Price: 3500000
Buyers Agent $/%: 2
Begin Date: 2019-08-22

Status Information

Sold Date: 2019-11-20
Under Contract Date: 2019-08-29

Property Information

Number of Units: 13
Stories: 2
Year Built: 1973
Main House SqFt: 17018
Apx # Acres: 0.71
Apx Lot SqFt: 31066
Recurring Fees: No

Remarks

Hot Sheet Comment: new

Owner Info

Deposit: 3

More Information

Miscellaneous

Parking Spaces: 26

Unit 1

# Units: 13
# Bedrooms: 20
# Baths: 14
# Half Baths: 13
Furnished: N
Rent: 23115
Monthly Total: 23115
M/M: Yes

Meters

Sep Meter Wtr: N
Sep Meter Elec: Y
Sep Meter Gas: Yes

Parking Info

Total # Carport Spaces: 13
Total # Garage Spaces: 26
Total # Unconvered Spaces: 13
Carport: Yes
Outside: Yes
On Street: Yes

Neighborhood/Schools

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

Foundation

Slab: Yes

Proximity

Near Bus: Yes
Near Park(s): Yes
Near School(s): Yes
Near Shopping: Yes

Income/Expenses

Total Monthly Income: 23115
Annual Income: 277380
Gross Rent Multiplr: 12.62
Capitalization Rate: 4.63
Vac Factor: 8321
Taxes: 36750
Total Annual Exp: 106987
NOI: 162072

Zoning

Other: Yes

Terms

Conventional: Yes

Listing Type

ER: Yes

Contingent Remarks

SUBJ 2 INSPECT: Yes

Property Features

Unit 1: M/M Foundation: Slab Parking Info: Carport; Carport; Outside; On Street Proximity: Near Bus; Near Park(s); Near School(s); Near Shopping Zoning: Other Terms: Conventional Listing Type: ER Contingent Remarks: SUBJ 2 INSPECT

Documents

Hummingbird Brochure ›

Listing Office: Cooperation Capital Group, Inc

Last Updated: September - 15 - 2024

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