57 E Center St - Multi-Family FOR SALE


Ventura, CA 93001
$1,595,000 USD
323-578-8423
57 E Center St, Ventura, CA for Sale
$1,595,000 USD
Multi-Family - FOR SALE
1/12
null | 6.17% Cap Rate

57 E Center St
Ventura, CA 93001


HIGHLIGHTS

  • Prime West Ventura Location – Minutes from the beach, Ventura Blvd shops, restaurants, and coastal amenities.
  • Strong In-Place Income – $10,400/month gross rental income.
  • Renovated Front House – New stainless steel appliances and new front yard landscaping.
  • Fully Tenant Occupied – Immediate income with stabilized occupancy.

OVERVIEW

3 unit residential complex offered for sale in west Ventura with prime location just minutes from the beach and the shops and restaurants of the N. Ventura Ave. commercial corridor. This 7,405 sq. ft. lot consists of a one-story 3 Bed, 2 Bath house and a two-story duplex containing two 3 Bed, 2.5 Bath units. The detached house is currently occupied and has recently been fully renovated to feature brand new stainless steel appliances and new landscaping in the front yard, currently bringing $4,000 per month. Roofs over all structures were replaced in 2023. Both units in the rear duplex are currently tenant occupied as well and rent for $3,250 per month and $3,150 per month, respectively. Duplex units each include a one-car garage with individual laundry hookups. Owner pays for water and sewer and tenants pay for electricity, gas, and trash; there are 3 electricity meters, 3 gas meters, and 1 water meter.

FOR SALE DETAILS

PRICE

$1,595,000 USD

PRICE/SF

$435 USD /SF

# OF UNITS

6

PRICE/UNIT

$265,833

CAP RATE

6.17%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1987

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

R3

APN/PARCEL ID

071-0-072-210

ASK ABOUT THIS PROPERTY

George MoralesCompassMore Info
323-578-8423

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George MoralesCompassMore Info
323-578-8423

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