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Listed by Eric Gignoux • Western Hotel Brokers, Inc
$ 1,489,000
Est. payment /mo
Active
684 N Ventura Avenue Ventura, CA 93001
3,780 SqFt
UPDATED:
09/18/2024 06:18 AM
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 3,780 sqft
Price per Sqft $393
MLS Listing ID CRSC24193355
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1925
Lot Size 4,791 Sqft
Property Description
This unique offering presents a 4-unit, free-standing retail building located in the heart of Ventura. Originally constructed in 1925, the property is zoned C2, providing a range of commercial uses. Situated in a prime location, this building boasts long-term tenants, creating a rare investment opportunity with consistent cash flow. With 100% occupancy, the property has a solid history of tenant retention and lease stability, offering immediate income for potential investors. However, with current rents below market value, there is significant upside potential for investors to capitalize on rent adjustments, aligning the property with current market trends. This property presents an exciting opportunity for investors seeking long-term value appreciation, steady cash flow, and the potential to enhance returns by optimizing rent structures. The location of this property is key and positioned in a growing market, making it an ideal investment for sustained income and value appreciation.
Location
State CA
County Ventura
Interior
Fireplace No
Building
Water Public
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