82 S Pacific Avenue, Ventura, CA 93001

$1,150,000
List Price
$1,150,000
Status
ACTIVE
MLS#
V1-1979
Year Built
1925
Lot Size
7,500
Acres
0.17
Lot Location
Sprinklers None
Days on Market
5
Property Type
Multifamily
Builders Tract Code
Not Applicable
Neighborhood
Not Applicable

Property Description

Large 3-unit midtown Ventura apartment building ideal for either an owner-user or investor. First time on the market in over 40 years (owner at one time lived in the front house). Spacious 3BD/2BA 2-story house in front complete with dining room, living room, family room, sunroom, private rear patio and 2 decks plus 2-car garage could be ideal owner's unit. The upstairs area of front unit house has ADU potential. In rear is a 1988 built duplex featuring a 2BD/1.5BA townhome and a 2BD/1BA each with decks along with 2 car garage. Laundry hookups in garages. Convenient location off Seaward with easy access High School a well as to beaches and restaurants at Pierpont and near both downtown and Pacific View Mall. Long term tenants with below market rents that have not been increased in several years. Great opportunity to either live in front and help pay mortgage from rentals in rear or for an investor to realize upside in rents (11.8 GRM on market rents).

Additional Information

Tract Number
26.00
Lot Description
Suburban
Pool Description
None
Fireplace Description
None
Cooling Description
None
View
None
Garage Spaces Total
4
Attached Structure
Detached
Number Of Units Total
3
Gross Scheduled Income
$60,600
Unit One Beds
3
Unit One Baths
2
Unit One Garage Spaces
2.00
Unit One Actual Rent
2400.00
Unit One Total Rent
2600.00
Unit One Pro Forma
3400
Unit One Furnished
Unfurnished
Unit Two Beds
2
Unit Two Baths
1
Unit Two Garage Spaces
1.00
Unit Two Actual Rent
1350.00
Unit Two Total Rent
1350.00
Unit Two Pro Forma
2300
Unit Three Beds
2
Unit Three Baths
2
Unit Three Actual Rent
1300.00
Unit Three Total Rent
1300.00
Unit Three Pro Forma
2400

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

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Calculator source: Real Geeks

Listing courtesy of Nicholas Henry from Beachside Partners

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.