732 E Santa Clara Street, Ventura, CA 93001

$6,250,000
List Price
$6,250,000
Status
ACTIVE
MLS#
21763172
Year Built
1925
Lot Size
15,000
Acres
0.34
Days on Market
2
Property Type
Multifamily

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.

Additional Information

Appliances
Dryer, Washer
Pool Description
None
Garage Spaces Total
4
Number Of Units Total
36

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of John Katnik from James Capital Advisors, 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.