$ 1,489,000
684 North Ventura Avenue Ventura, CA 93001
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Listed by Eric Gignoux • Western Hotel Brokers, Inc
$ 1,489,000
Est. payment | /mo
$ 1,489,000
Est. payment | /mo
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID SC-24193355
Year Built 1925
Annual Tax Amount $9,717
Tax Year 2023
Property Description
This unique offering presents a 4-unit, free-standing retail building located in the heart of Ventura. Originally constructed in 1925, the property is zoned C2, providing a range of commercial uses. Situated in a prime location, this building boasts long-term tenants, creating a rare investment opportunity with consistent cash flow. With 100% occupancy, the property has a solid history of tenant retention and lease stability, offering immediate income for potential investors. However, with current rents below market value, there is significant upside potential for investors to capitalize on rent adjustments, aligning the property with current market trends. This property presents an exciting opportunity for investors seeking long-term value appreciation, steady cash flow, and the potential to enhance returns by optimizing rent structures. The location of this property is key and positioned in a growing market, making it an ideal investment for sustained income and value appreciation.
Location
State CA
County Ventura
Interior
Laundry None
Exterior
Utilities Available Electricity Connected
Building
Lot Description Level with Street, Paved, Corner Lot
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Marissa Buss & Danny Lambert
Lic# 01770909 | 01834114