This property boasts a strong unit mix comprised of six two-bedroom, one-bathroom units and one two-bedroom, one-and-a-half bathroom unit. While the gross income of the property hovers around $150,000 annually, the unit rents vary, but the average is approximately $1,760 per month, leaving significant upside as legal rent increases are permitted. The financial metrics offered based on the asking pricing is a 13.9 GRM and a 4.6% cap rate. Along with the property benefitting with copper plumbing throughout, the seller has consistently maintained and renovated this property throughout his over 10-year ownership period, Those updates include new floors, kitchen countertops, and new bathroom fixtures as needed throughout.
|
DAYS ON MARKET
|
3
|
LAST UPDATED
|
11/11/2024
|
|
TRACT
|
Montalvo Heights - 0262
|
YEAR BUILT
|
1973
|
|
GARAGE SPACES
|
7.0
|
COUNTY
|
Ventura
|
|
STATUS
|
Active
|
PROPERTY TYPE(S)
|
Residential Income
|
| AIR |
None |
| GARAGE |
Garage, Yes |
| HEAT |
Wall Furnace |
| HOA DUES |
0 |
| LOT |
7840 sq ft |
| LOT DESCRIPTION |
Sprinklers None |
| PARKING |
Garage |
| POOL DESCRIPTION |
None |
| SUBDIVISION |
Montalvo Heights - 0262 |
| VIEW DESCRIPTION |
None |
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Listed with Apartment Investment Specialis
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 11/13/24 7:41 PM PST and /or other sources. 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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