Homes for sale - 473 477 W Ramona ST, Ventura, CA 93001

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Skip Barbour

skip@skipbarbour.com +1(760) 207-3648

$ 2,650,000

Est. payment | -/mo

0.76 Acres Lot

Save

$ 2,650,000

Est. payment | -/mo

Save

0.76 Acres Lot

Key Details

Property Type Multi-Family

Listing Status Active Under Contract

Purchase Type For Sale

Subdivision Ventura: Other

MLS Listing ID V1-26683

HOA Y/N No

Year Built 1926

Lot Size 0.760 Acres

Property Description

The subject property consists of 15 residential units, all of which contain 390 sq. ft. each (5,863 total sq ft), with all units contained within eight building structures (seven duplexes and one building housing one additional unit) built in 1926. Parcel size is approximately 33,105 sq ft. This building spatial configuration provides for a large open area currently used by tenants as open area, but is available for the following ADU additions. On September 19th of this year, SB 1211 was signed into law, which affords an owner of a multifamily property the ability to secure entitlements for the same number of ADUs as the existing residential units, up to a maximum of 8 ADUs.The property currently generates $17,225 ($1,148/unit average) for a total gross annual rental income of $206,700, making the financial metrics a 12.8 GRM & a 4.6% cap rate.

Location

State CA

County Ventura

Area Vtu - Ventura

Interior

Heating Wall Furnace

Cooling None

Fireplaces Type None

Fireplace No

Laundry None

Exterior

Parking Features Garage

Garage Spaces 15.0

Garage Description 15.0

Fence Stucco Wall

Pool None

Community Features Street Lights, Sidewalks

View Y/N No

View None

Total Parking Spaces 20

Private Pool No

Building

Lot Description Sprinklers None

Others

Senior Community No

Tax ID 0710010340

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

Listed by Craig Lieberman • Apartment Investment Specialis

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Skip Barbour

Broker Associate | Lic# 795532

skip@skipbarbour.com

+1(760) 207-3648

1472 Encinitas Blvd, Encinitas, CA, 92024

473 477 W Ramona ST Ventura, CA 93001

Skip Barbour

Key Details

Location

Interior

Exterior

Building

Others

473 477 W Ramona ST