DRE# 01440068, DRE# 02037359, DRE# 02047418

6325-6373 Hummingbird St

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6325-6373 Hummingbird St, Ventura, California 93003 (Pending Sale)

$3,500,000

  • 13 units

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.*

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Property Details

Year Built
1973
Total Units
13
Stories
2.0
Lot Sq. Ft.
31066.00
Approx. Acres
0.71
Parking
Carport, Street, Uncovered
Parking Spaces
26.00
Foundation
Slab
Proximity
Near Bus, Near Park(s), Near School(s), Near Shopping
Zoning
Other
Terms
Ctnl
Elementary Schools
Other
Jr. High Schools
Other
High Schools
Other

MLS #19-2976 | Listed by Cooperation Capital Group, Inc on 8/22/2019 | Information updated 8/30/2019 10:45 AM PST | Status: Pending

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