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473 477 W Ramona Street

Ventura, CA 93001

$2,650,000

List Price

N/A

bed Beds

shower Baths

N/A sqft

straighten / sqft

1926

calendar_month Built

Property Description

The subject property consists of 15 residential units, all of which contain 390 sq. ft. each (5,863 total sq ft), with all units contained within eight building structures (seven duplexes and one building housing one additional unit) built in 1926. Parcel size is approximately 33,105 sq ft. This building spatial configuration provides for a large open area currently used by tenants as open area, but is available for the following ADU additions. On September 19th of this year, SB 1211 was signed into law, which affords an owner of a multifamily property the ability to secure entitlements for the same number of ADUs as the existing residential units, up to a maximum of 8 ADUs.The property currently generates $17,225 ($1,148/unit average) for a total gross annual rental income of $206,700, making the financial metrics a 12.8 GRM & a 4.6% cap rate.

Listing Information

List Price $2,650,000
Status Active Under Contract
MLS V126683
HOA $0
Type Residential Income
Year Built 1926
Lot Size 33,105
Structure Size N/A
Courtesy Of Apartment Investment Specialis
Listing Agent Craig Lieberman DRE#00682741

Interior Features

Laundry Information
Location(s) None
Total Bedroom
Bedrooms N/A
Fireplace Information
Features None
Cooling Type
Cooling Type None

Exterior Information

Maps

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Listing information courtesy of: Craig Lieberman, Apartment Investment Specialis (805) 320-6646. *Based on information from the Association of REALTORS/Multiple Listing as of Nov 11th, 2024 at 10:47 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.