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$1,489,000
Est. payment /mo
4,791 Sqft Lot
UPDATED:
12/05/2024 05:15 AM
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID SC24193355
HOA Y/N No
Year Built 1925
Annual Tax Amount $9,717
Tax Year 2023
Lot Size 4,791 Sqft
Property Description
This unique offering presents a 4-unit, free-standing retail building located in the heart of Ventura. Originally constructed in 1925, the property is zoned C2, providing a range of commercial uses. Situated in a prime location, this building boasts long-term tenants, creating a rare investment opportunity with consistent cash flow.
With 100% occupancy, the property has a solid history of tenant retention and lease stability, offering immediate income for potential investors. However, with current rents below market value, there is significant upside potential for investors to capitalize on rent adjustments, aligning the property with current market trends.
This property presents an exciting opportunity for investors seeking long-term value appreciation, steady cash flow, and the potential to enhance returns by optimizing rent structures. The location of this property is key and positioned in a growing market, making it an ideal investment for sustained income and value appreciation.
With 100% occupancy, the property has a solid history of tenant retention and lease stability, offering immediate income for potential investors. However, with current rents below market value, there is significant upside potential for investors to capitalize on rent adjustments, aligning the property with current market trends.
This property presents an exciting opportunity for investors seeking long-term value appreciation, steady cash flow, and the potential to enhance returns by optimizing rent structures. The location of this property is key and positioned in a growing market, making it an ideal investment for sustained income and value appreciation.
Location
State CA
County Ventura
Area Vtu - Ventura
Interior
Fireplace No
Laundry None
Exterior
Utilities Available Electricity Connected, Water Connected
Present Use Investment
Building
Lot Description Corner Lot, Paved, Street Level
Story 1
Water Public
Others
Tax ID 0710071010
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Special Listing Condition Standard
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Listed by Eric Gignoux • Western Hotel Brokers, Inc • 805 452-2880