The Boyett Team at CBRE is excited to offer a unique opportunity to acquire 3980 Telegraph Rd, an impeccably maintained 28-unit apartment complex in the highly desirable Ventura rental market. Strategically located between South Mills Rd and Telegraph Rd, this property benefits from robust tenant demand and a prime location. Currently on a ground lease through May of 2028 (just under 3 years remaining), there is immense upside in income potential after negotiating an early termination to this lease, Seller will negotiate this prior to close of escrow. Occupying a generous 49,658 square-foot lot, the complex boasts 17,300 square feet of gross building area. The unit composition includes twenty-eight (28) one-bedroom, one-bathroom apartments, each averaging 618 square feet, presenting an attractive rental income potential. Constructed in 1973, this property is enhanced with modern smart home technology and ultra-fast internet connectivity. Most units feature open concept floor plans, breakfast bars, gas stoves, refrigerators, dishwashers, fireplaces, patios/balconies, heating, coat closets, and additional storage. Community amenities include beautifully landscaped picnic areas, walking paths, on-site laundry facilities, and a dedicated courtesy patrol for enhanced security and maintenance. This investment not only promises strong cash flow potential but also offers the opportunity to capitalize on the growing demand for quality rental housing in Ventura. With its desirable location, modern amenities, and well-maintained condition, 3980 Telegraph Rd stands out as a prime asset for investors seeking to enhance their portfolio in a thriving market. Don’t miss this exceptional investment opportunity in a thriving rental market!