511 N 5th St - Apartments FOR SALE


Port Hueneme, CA 93041
$1,195,000 USD
805-705-7311
511 N 5th St, Port Hueneme, CA for Sale
$1,195,000 USD
Apartments - FOR SALE
1/3
null | Request Cap Rate

511 N 5th St
Port Hueneme, CA 93041


HIGHLIGHTS

  • Unique street-to-street triplex located within 1 mile of Port Hueneme Beach
  • Detached 2BD/1BA home w/ garage and duplex with (2) 1BD/1BA units plus single-car garages
  • Separate meters for gas, electricity, & water. Tenants pay all utilities
  • Low turnover market place with strong tenant demand from nearby Naval Base, Port, and agricultural industry
  • laundry hookups and separate yard spaces

OVERVIEW

511 N. 5th St presents a rare opportunity for both an investor or an owner-user to acquire a triplex in the sought-after coastal community of Port Hueneme. Situated on a street-to-street lot, the property features a detached 2BD/1BA home plus garage and a separately accessed duplex composed of 1BD/1BA units each with single car garages. Each dwelling is equipped with its own separate gas, electricity, and water meter greatly reducing the expense load for an owner. Per 2022 appraisal front house measures 936 SF and each unit of duplex is 702 SF (Buyer to verify). Tenants pay all utilities including trash. Each unit also has laundry hookups. The property is conveniently located approximately one mile from Port Hueneme Beach and Pier and attracts a diverse range of tenants from the nearby Naval Base, employees of the Port of Hueneme, and the region’s surrounding agricultural workforce while benefiting from being situated in an extremely low turnover coastal marketplace. The unique attributes of this property which includes 2 detached structures, garage spaces, laundry hookups, separately metered utilities and separate yard spaces make this attractive for both investors and owner users.

FOR SALE DETAILS

PRICE

$1,195,000 USD

PRICE/SF

$510 USD /SF

# OF UNITS

2

PRICE/UNIT

$597,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1956

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,611 SF

ZONING

R3

APN/PARCEL ID

207-0-130-085

ASK ABOUT THIS PROPERTY

Nick HenryBeachside Partners, Inc.More Info
805-705-7311

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Nick HenryBeachside Partners, Inc.More Info
805-705-7311

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.