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    732 E Santa Clara St

    Ventura, CA 93001
    • $6,250,000
    • STATUS: Active
    • ON SITE: 5 days
    • ID#: 21-763172
    New On Site 5 Days Ago
    UPDATED: 57 min ago
    $6,250,000
    • 38
      BEDS
    • 0.34
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 14,000
      SQFT
    • $446
      $/SQFT
    Type:
    Multi-Family
    Built:
    1925
    County:

    School Ratings & Info

    Description

    We are pleased to present this turnkey investment opportunity located in the heart of downtown Ventura. The opportunity provides a rare chance to own in the best area of the city walkable to many restaurants & retail. In the past 4 years, the property has been fully renovated from top to bottom with all units redone. The buildings compromise of 36 total units and the mix consisting of eighteen (18) single room occupancy (SRO) units, fourteen (14) bachelor / 1 bath units, two (2) large bachelor / 1 bath units, and two (2) 2 bed / 1 bath units. The 18 SRO units share six common area bathrooms. Four of the bathrooms include a toilet and sink and two bathrooms include a shower, toilet and sink. Throughout Covid-19, the ownership has received 100% rent collection. Apartment inventory is very low in Ventura so this opportunity provides a chance to break into one of the best areas of the city. The city of Ventura also allows short term rentals allowing for much higher rents and flexibility. Tenant amenities include on-site laundry (4 dryers / 4 washers), a garden and a greenhouse in the back of the property.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-07-27T13:43:02.057. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.brandiprattrealestate.com/homes/119545052
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    732 E Santa Clara St Ventura, CA 93001

    • Price: $6,250,000
    • Status: Active
    • Updated: 57 min ago
    • ID#: 21-763172
    38
    Beds
    0
    Baths
    0
    ½ Baths
    0.34
    Acres
    14,000
    SQFT
    $446
    $/SQFT
    1925
    Built
    Neighborhood:
    California St. To Mills Rd
    County:
    Ventura
    Area:
    California St. To Mills Rd
    Property Description
    We are pleased to present this turnkey investment opportunity located in the heart of downtown Ventura. The opportunity provides a rare chance to own in the best area of the city walkable to many restaurants & retail. In the past 4 years, the property has been fully renovated from top to bottom with all units redone. The buildings compromise of 36 total units and the mix consisting of eighteen (18) single room occupancy (SRO) units, fourteen (14) bachelor / 1 bath units, two (2) large bachelor / 1 bath units, and two (2) 2 bed / 1 bath units. The 18 SRO units share six common area bathrooms. Four of the bathrooms include a toilet and sink and two bathrooms include a shower, toilet and sink. Throughout Covid-19, the ownership has received 100% rent collection. Apartment inventory is very low in Ventura so this opportunity provides a chance to break into one of the best areas of the city. The city of Ventura also allows short term rentals allowing for much higher rents and flexibility. Tenant amenities include on-site laundry (4 dryers / 4 washers), a garden and a greenhouse in the back of the property.
    Exterior Features

    Lot Size Area 15000 Other Structures None Parking Garage Garage Pool Description None Pool YN No Spa None Spa YN No Tennis Court None Total Parking 4

    Interior Features

    Baths Total 24.00 Cooling Other Equipment DryerWasher Heating Other Laundry Laundry Area Laundry Equipment Lease

    Property Features

    Assessed Total Value 3926469 Gross Income 482136 Gross Operating Income 462229 Like Units1 18 Like Units2 14 Like Units3 2 Like Units4 2 Net Operating Income 296345.00 Number Of Buildings 3 Number Of Units 36 Property Condition Updated/Remodeled Sale Type Standard Source Living Area Owner Source Lot Size Area Assessor Total Annual Expense 165885 Type Of Units Mixed Year Built Source Vendor Enhanced Zoning Dc

    Listing provided courtesy of John Katnik DRE#02002695 of James Capital Advisors, Inc..


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-07-27T13:43:02.057. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    eXp Realty of California, Inc.
    2603 Camino Ramon, Suite 200
    San Ramon CA, 94583