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$2,100,000
Est. payment /mo
7,840 Sqft Lot
UPDATED:
12/05/2024 05:26 AM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Montalvo Heights - 0262
MLS Listing ID V1-26685
HOA Y/N No
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
Interior
Heating Wall Furnace
Cooling None
Fireplaces Type None
Fireplace No
Laundry Laundry Room
Exterior
Parking Features Garage
Garage Spaces 7.0
Garage Description 7.0
Fence Wood
Pool None
Community Features Street Lights, Sidewalks
View Y/N No
View None
Total Parking Spaces 7
Private Pool No
Building
Lot Description Sprinklers None
Others
Senior Community No
Tax ID 1350172020
Energy Description 1605.0
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
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Listed by Craig Lieberman • Apartment Investment Specialis