$ 2,100,000
6418 Hummingbird ST Ventura, CA 93003
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$ 2,100,000
Est. payment | /mo
7,840 Sqft Lot
$ 2,100,000
Est. payment | /mo
7,840 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRV1-26685
Originating Board California Regional MLS
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
Rooms
Kitchen None
Interior
Heating Wall Furnace
Cooling None
Laundry In Laundry Room
Exterior
Garage Garage
Garage Spaces 7.0
Pool 31, None
View None
Others
Tax ID 1350172020
Special Listing Condition Not Applicable
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Listed by Craig Lieberman • Apartment Investment Specialis
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Chase Lance
Broker