852 N Ventura Ave - Apartments FOR SALE


Ventura, CA 93001
$2,385,000 USD
805-320-6646
852 N Ventura Ave, Ventura, CA for Sale
$2,385,000 USD
Apartments - FOR SALE
1/11
null | 5.17% Cap Rate

852 N Ventura Ave
Ventura, CA 93001


OVERVIEW

Built in 1926, this 11-unit apartment property situated on a 12,196 square-foot parcel, contains unique individual 425 square-foot one-bedroom – one-bathroom “casita” units that are separately metered for gas and electricity with grass-groomed central courtyard surrounded by decorative perimeter fencing providing its tenant community with a comfortable private environment, and located adjacent to the new Kellogg. The roofs were replaced on each individual structure in 2019 that has a transferable 7-year labor and 30-year manufacturer’s warranty. In 2022, the exterior of all buildings was painted. These updates have contributed to the much younger effective age of this property than its chronological age. Significant financial highlights for this property are its GRM and Price-Per-Unit, both of which are among the lowest compared to recent sales, making this property’s metrics financially compelling to investors hoping to maximize cash flow. Offers due February 20, 2026.

FOR SALE DETAILS

PRICE

$2,385,000 USD

PRICE/SF

$421 USD /SF

# OF UNITS

11

PRICE/UNIT

$216,818

CAP RATE

5.17%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1926

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,602 SF

ZONING

C2

APN/PARCEL ID

071-0-031-120

ASK ABOUT THIS PROPERTY

Craig LiebermanApartment Investment SpecialistsMore Info
805-320-6646

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

Craig LiebermanApartment Investment SpecialistsMore Info
805-320-6646

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