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
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.*
More Information MLS# 19-2976
Location Info
Country: US
Cross Street: Peacock Ave
District: 00 - VENTURA
Street #: 6325-6373
Street Name: Hummingbird
Street Suffix: Street
State: CA
Postal Code: 93003
County: Ventura
Parcel Number: 135-0-174-290
Contract Info
Buyers Agent $/%: 2
Current Price: $3,125,000
Price: 3500000
Begin Date: 2019-08-22
Status: Closed
Property Information
Year Built: 1973
Stories: 2
Apx Lot SqFt: 31066
Apx # Acres: 0.71
Main House SqFt: 17018
Recurring Fees: No
Number of Units: 13
Neighborhood/Schools
Elementary School: Other
Junior High School: Other
High School: Other
Owner Info
Deposit: 3
Remarks
Hot Sheet Comment: new
Foundation
Slab: 1
Miscellaneous
Parking Spaces: 26
Proximity
Near Bus: 1
Near Park(s): 1
Near School(s): 1
Near Shopping: 1
Unit 1
# Units: 13
# Bedrooms: 20
# Baths: 14
# Half Baths: 13
Furnished: N
Rent: 23115
M/M: 1
Monthly Total: 23115
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: 1
Terms
Conventional: 1
Listing Type
ER: 1
Meters
Sep Meter Wtr: N
Sep Meter Elec: Y
Sep Meter Gas: Yes
Parking Info
Carport: 1
Outside: 1
On Street: 1
Total # Carport Spaces: 13
Total # Garage Spaces: 26
Total # Unconvered Spaces: 13
Contingent Remarks
SUBJ 2 INSPECT: 1
Status Information
Sold Date: 2019-11-20
Sold Price: $3,125,000
Under Contract Date: 2019-08-29
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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