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 courtesy of Listing Agent: Brian Glen Barrios (bgbarrios@gmail.com) from Listing Office: Cooperation Capital Group, Inc.
Listing sold by Brian Glen Barrios from Cooperation Capital Group, Inc
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.