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Listed by Craig Lieberman • Apartment Investment Specialis
$ 2,100,000
Est. payment /mo
Active
6418 Hummingbird Street Ventura, CA 93003
7,840 SqFt
UPDATED:
11/12/2024 07:25 AM
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 7,840 sqft
Price per Sqft $267
MLS Listing ID CRV1-26685
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1973
Lot Size 7,840 Sqft
Property Description
This property boasts a strong unit mix comprised of six two-bedroom, one-bathroom units and one two-bedroom, one-and-a-half bathroom unit. While the gross income of the property hovers around $150,000 annually, the unit rents vary, but the average is approximately $1,760 per month, leaving significant upside as legal rent increases are permitted. The financial metrics offered based on the asking pricing is a 13.9 GRM and a 4.6% cap rate. Along with the property benefitting with copper plumbing throughout, the seller has consistently maintained and renovated this property throughout his over 10-year ownership period, Those updates include new floors, kitchen countertops, and new bathroom fixtures as needed throughout.
Location
State CA
County Ventura
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Laundry Laundry Room
Exterior
View None
Building
Lot Description Other
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