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Listed by Craig Lieberman • Apartment Investment Specialis
$1,295,000
Est. payment /mo
3,240 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 3,240 sqft
Price per Sqft $399
MLS Listing ID V1-35519
Year Built 1990
Lot Size 7,500 Sqft
Source California Regional Multiple Listing Service (CRMLS)
Property Description
Well maintained 1990 triplex located just off Ventura Avenue, offering a strong investment profile with three spacious 3 bed/2 bath units. Units 150 and 152 are positioned within a two story front structure, while Unit 154 occupies a single story rear building. The property is in good overall condition, with Unit 154 recently updated with new flooring, interior paint, upgraded door hardware, and modern light fixtures.
This property has very little in operating expenses with units individually metered for gas and electric, equating to an annual expense operating budget of only $6,730 annually
The detached garage at the rear of the parcel is currently unused. While there is no assurance that the existing structure can be converted into a one or two story ADU, the option may exist to remove the current building and construct a new ADU in its place, with the potential to extend the concrete driveway to provide dedicated parking for the new unit. Buyers are advised to conduct their own due diligence with the appropriate agencies to determine feasibility and potential for any such value add development.
This property has very little in operating expenses with units individually metered for gas and electric, equating to an annual expense operating budget of only $6,730 annually
The detached garage at the rear of the parcel is currently unused. While there is no assurance that the existing structure can be converted into a one or two story ADU, the option may exist to remove the current building and construct a new ADU in its place, with the potential to extend the concrete driveway to provide dedicated parking for the new unit. Buyers are advised to conduct their own due diligence with the appropriate agencies to determine feasibility and potential for any such value add development.
Location
State CA
County Ventura
Area Vc21 - Ventura - Ventura Ave
Interior
Heating Wall Furnace
Fireplaces Type None
Laundry None
Exterior
Parking Features Carport
Garage Spaces 2.0
Pool None
Community Features Sidewalks, Street Lights
View Y/N No
View None
Building
Lot Description Sprinklers None
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