NOT LISTED FOR SALE

1155 N Olive St Ventura, CA 93001

Westside Neighborhood
3 Beds
1 Bath
4,500 Sq Ft
7,840 Sq Ft Lot

Last Sold June 13, 2013

Last sale price $975,000 $217 Per Sq Ft

20 Days on Market

Highlights

  • Deck
  • Laundry Room
  • Garage
  • Ventura High School Rated A-
  • Property is near schools
  • Property is in excellent condition

About This Home

As of June 2013

2007 built 5 unit Ventura apartment building 1 mile from downtown, 2 miles to beach. 3-story low maintenance bldg. consists of spacious 2-bedroom units with patios, (5) 2-car enclosed garages w/ electric doors, individual hot water heaters and 2 sets of coin operated owned laundry machines. 1,450 square foot penthouse unit has private laundry room, big living room, his and her sinks in master bath and large deck with views of local hillside. Interiors have mix of wood and carpet flooring, kitchens appointed with dishwashers, stoves and refrigerators and well appointed baths. Due to age and quality of construction lower expenses are needed, allowing for a strong return on investment. Very rare opportunity for your client to own a newer construction apartment building. 12.2 x gross rents and 5.36% cap rate at list price.

Last Agent to Sell the Property

Nick Henry

The Channel Group Listed on: 03/26/2013

Last Buyer's Agent

Non Member Agent

Non Member Office

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2007

Lot Details

  • 7,840 Sq Ft Lot
  • Property is in excellent condition

Parking

  • Garage

Home Design

  • Slab Foundation

Location

  • Property is near schools
  • Property is near shops

Additional Features

  • Dishwasher
  • Laundry Room
  • Deck
  • Individual Gas Meter

Community Details

  • 5 Units
  • Gross Income $84,000

Listing and Financial Details

  • The owner pays for trash collection, water
  • Assessor Parcel Number 068-0-112-020

Property Details

Home Type

Multi-Family

Year Built

Built in 2007

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 2007
  • Income Expenses Annual Income: 84000.0
  • Capitalization Rate: 5.36%
  • Gross Rent Multiplier: 12.2
  • Monthly Income: 7000.0
  • Meters Sep Meter Elec: Y
  • Meters Sep Meter Gas: Yes
  • Meters Sep Meter Wtr: Y
  • ResoLaundryFeatures: Laundry Room, In Unit
  • Subdivision Name: Other
  • Garage Yn: Yes
  • New Construction: No
  • Reso Property Condition: Excellent
  • Property Information Year Built2: 2007
  • NeighborhoodSchools Elementary School: Other
  • NeighborhoodSchools Junior High School: Other
  • NeighborhoodSchools High School: Other
  • Condo:Laundry in Unit: Yes
  • Condition Excellent: Yes
  • Foundation:Slab: Yes
  • Proximity Near School(s)2: Yes
  • Laundry Laundry Room2: Yes
  • Proximity Near Shopping2: Yes
  • Property Information Apx Lot SqFt: 7840.0
  • Parking Info Garages: Yes
  • Amenities Deck2: Yes
  • Amenities Dishwasher2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Acres: 0.18
  • Foundation Details: Slab

Garage/Parking

  • Parking Features: Garages

Schools

  • Elementary School: Other
  • High School: Other
  • Middle Or Junior School: Other

Lot Info

  • Parcel #: 068-0-112-020
  • Zoning: R-2
  • Lot Size Sq Ft: 7840.0

Rental Info

  • Owner Pays: Trash Collection, Water

Multi Family

  • Number Of Units Total: 5
  • Annual Gross Income: 84000.0
  • Total Actual Rent: 7000.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 26, 2013
Closed on
Apr 23, 2013
Sold by
Bronson Robert R and Cooper Susan L
Bought by
Housing Authority City Of San Buenaventu
Seller's Agent
Nick Henry
The Channel Group
Buyer's Agent
Non Member Agent
Non Member Office
List Price
$1,025,000
Sold Price
$975,000
Premium/Discount to List
-$50,000
-4.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
3.32%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 2, 2013
Sold by
Bronson Robert R
Bought by
Bronson Robert R

Purchase Details

Closed on
May 11, 2007
Sold by
Bronson Robert R
Bought by
Bronson Robert R and Cooper Susan L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
6.17%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 7, 2007
Sold by
Cooper Susan L
Bought by
Bronson Robert R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
6.17%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 28, 2005
Sold by
Bronson Robert R
Bought by
Bronson Robert R and Cooper Susan L

Purchase Details

Closed on
Aug 30, 2002
Sold by
Barbosa Richard Y and Barbosa Eriqueta H
Bought by
Bronson Robert R

Purchase Details

Closed on
Mar 21, 1998
Sold by
Barbosa Richard Y and Barbosa Enriqueta H
Bought by
Barbosa Richard Y and Barbosa Enriqueta H
Source: Public Records

Range of Values:

Collateral Analytics

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Housing Authority City Of San Buenaventu -- First American Title Company
Bronson Robert R -- None Available
Bronson Robert R -- None Available
Bronson Robert R $175,000 Stewart Title Of Ca Inc
Bronson Robert R -- --
Bronson Robert R $210,000 First Southwestern Title Co
Barbosa Richard Y -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Housing Authority City Of San Buenaventu $750,000
Previous Owner Bronson Robert R $350,000
Previous Owner Barbosa Richard Y $34,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/13/2013 06/13/13 Sold $975,000 -4.9% $217 / Sq Ft
04/15/2013 04/15/13 Pending -- -- --
03/26/2013 03/26/13 For Sale $1,025,000 -- $228 / Sq Ft
Source: Santa Barbara Multiple Listing Service

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 -- -- -- --
2024 -- -- -- --
2023 -- -- -- --
2022 $0 $0 $0 $0
2021 $0 $0 $0 $0
2020 $0 $0 $0 $0
2019 $0 $0 $0 $0
2018 $0 $0 $0 $0
2017 $0 $0 $0 $0
2016 $0 $0 $0 $0
2015 -- $0 $0 $0
2014 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2013

    Nick Henry

    The Channel Group

  • N

    Buyer's Agent in 2013

    Non Member Agent

    Non Member Office

See All Agents

Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 13-960

Santa Barbara Multiple Listing Service

APN: 068-0-112-020

California Ventura County Ventura 93001 Westside

1155 N Olive St, Ventura, CA

This home is located at 1155 N Olive St, Ventura, CA 93001 since 26 March 2013. This property was built in 2007. 1155 N Olive St is a home located in Ventura County with nearby schools including Sheridan Way Elementary School, De Anza Academy Of Technology And The Arts, and Ventura High School.

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