Homes for sale - 57 N Ann ST, Ventura, CA 93001

Escrow Joe

Realtor® | Lic# 01332311

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$ 5,175,000

$ 5,195,000 0.4%

Est. payment | -/mo

0.38 Acres Lot

$ 5,175,000

$ 5,195,000 0.4%

Est. payment | -/mo

0.38 Acres Lot

Key Details

Sold Price $5,175,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID V1-25646

Sold Date 11/15/24

HOA Y/N No

Year Built 1972

Lot Size 0.379 Acres

Property Description

Rare opportunity to acquire midsize apartment building in beautiful downtown Ventura 1 block north of Main Street. 57 NorthAnn Street, comprised of (20) 1BD units, features a central secure front door entry leading to 3 stories accessed by elevatorwith partial ocean views from the 2nd and 3rd floors. Potential to add additional unit by converting unused community room(approximately 350 SF with kitchen) on first floor. There are 10 tuck-under carport spaces that may offer ADU conversionpotential for additional units plus 3 uncovered parking spaces at rear. Owner pays water/sewer, trash and hot water whiletenants pay their own electricity and gas. There are 2 coin-operated laundry rooms. Current rental rates are below marketoffering excellent upside opportunity for the astute investor. Location does not get much better with tenants being able to walkto shopping, eating, dining and entertainment options on Main Street along with parks, schools, beaches.**5.0% CAP rate, 12.2 GRM on current rents w/ rental rate upside subject to AB1482**

Location

State CA

County Ventura

Area Vtu - Ventura

Interior

Interior Features Elevator

Heating Wall Furnace

Cooling None

Fireplaces Type None

Fireplace No

Appliance Gas Oven

Laundry Common Area

Exterior

Parking Features Assigned

Fence None

Pool None

Community Features Urban

View Y/N Yes

Total Parking Spaces 13

Private Pool No

Building

Lot Description Sprinklers None

Story 2

Entry Level Two

Level or Stories Two

Others

Senior Community No

Tax ID 0730057035

Acceptable Financing Conventional

Listing Terms Conventional

Financing Conventional

Special Listing Condition Standard

Listed by Nicholas Henry • Beachside Partners
Bought with Nicholas Henry • Beachside Partners

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Escrow Joe

Realtor® | Lic# 01332311

escrowjoe@gmail.com

+1(909) 557-3802

611 West Redlands Blvd Suite C, Redlands, CA, 92373

57 N Ann ST Ventura, CA 93001

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Key Details

Location

Interior

Exterior

Building

Others

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57 N Ann ST