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.
Additional Features
- Wood
- Wall Furnace
- Sprinklers None
- None
- Parking spaces: 7.00
- Listing Status: Active
- Listing Agent: Craig Lieberman
(lic# 00682741)
of Ventura Coastal
- Listing Office: Apartment Investment Specialis
(lic# 01406568)
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Based on information from CRISNet MLS as of 23rd November 2024 at 6:01am. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
