$9,800,000
$10,100,000
3.0%For more information regarding the value of a property, please contact us for a free consultation.
3574 Preble AVE Ventura, CA 93003
0.89 Acres Lot
Key Details
Sold Price $9,800,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Empire/Sidonia - 1070
MLS Listing ID V1-19141
Sold Date 12/22/23
HOA Y/N No
Year Built 1962
Lot Size 0.888 Acres
Property Description
Value-add 38 unit apartment building opportunity for only $267k/unit in the low turnover sale marketplace of city of Ventura. 14.1 GRM, 4.4% CAP on actual and 11.0 GRM, 6.3% CAP on market rents. Tradewinds Apartments is set on a .89 acre lot w/ garage parking, pool and laundry room. Convenient location near Pacific View Mall & Lowes, Community Memorial Hospital, Ventura College, Ventura Harbor and local beaches plus easy access to both the 101 and 126 freeways. Unit mix consists of (1) 3BD/1BA, (4) 2BD/1BA, (18)1BD/1BA and (15) studios. Utilities sep metered for electric and gas and (2) 100 gallon water heaters service building. Major upside in rental rates. Available reports include: General inspection, termite, roof and sewer lateral. OFFER DUE DATE AUG 4th @ 12PM
Location
State CA
County Ventura
Interior
Heating Wall Furnace
Cooling None
Fireplaces Type None
Fireplace No
Appliance Gas Oven, Refrigerator
Laundry Laundry Room
Exterior
Parking Features Garage
Garage Spaces 38.0
Garage Description 38.0
Fence None
Pool In Ground
Community Features Urban
View Y/N No
View None
Total Parking Spaces 38
Private Pool Yes
Building
Lot Description Sprinklers None
Story 2
Others
Senior Community No
Tax ID 0750284145
Acceptable Financing Conventional
Listing Terms Conventional
Financing Conventional
Special Listing Condition Standard
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Bought with Nicholas Henry • Beachside Partners