$5,995,000

Estimated payment $37,654/month

Total Views 27,834
-- Bed
-- Bath
11,603 Sq Ft
$517 Price per Sq Ft

Highlights

  • 0.32 Acre Lot
  • Wood Flooring
  • Gated Home
  • Ventura High School Rated A-
  • 22 Car Attached Garage
  • 1-minute walk to Cemetery Memorial Park

About This Home

This is a 12 unit apartment building in Midtown, Ventura. Short walk to the beach and downtown Ventura. There is a gated 13,000 sq. ft. on grade concrete garage with 22 parking spaces, and 10 walk in storage units with a elevator to all floors. There is a large common area courtyard with beautiful views. Each unit has it's own private patio also. All the units are one story, approximately 1,000 sq. ft. The upstairs units have volume ceiling's and nice ocean views. The downstairs unit have easy access to the common courtyard and partial ocean views. Each unit has 2 bedrooms, 2 full bathroom's, central heating, full size washer and dryer, built in oven/range and microwave, and dishwasher.

Listing Agent

Tim Ryan

Ryan Real Estate & Development Inc. License #00894788 Listed on: 07/09/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2001

Lot Details

  • 0.32 Acre Lot
  • Gated Home
  • Property is in excellent condition

Parking

  • 22 Car Attached Garage
  • Parking Garage Space

Home Design

  • 11,603 Sq Ft Home

Kitchen

  • Stove
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl Plank

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

  • Fire and Smoke Detector
  • Fire Sprinkler System

Utilities

  • Individual Gas Meter

Listing and Financial Details

  • Assessor Parcel Number 073-0-153-040

Community Details

Overview

  • 12 Units

Building Details

  • Gross Income $367,128
  • Net Operating Income $21,073

Property Details

Home Type

Multi-Family

Year Built

Built in 2001

Lot Details

0

Parking

22

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 2001
  • Income Expenses Annual Income: 367128.0
  • Capitalization Rate: 4.29
  • Gross Rent Multiplier: 16.20
  • Monthly Expense: 9521.0
  • Monthly Income: 30594.0
  • Meters Sep Meter Elec: Y
  • Meters Sep Meter Gas: Yes
  • Miscellaneous Parking Spaces: 22.0
  • ResoLaundryFeatures: In Unit
  • ResoSecurityFeatures: Gate:Elec, Fire Alarm, Smoke Detector(s)
  • Reso Flooring: Carpet, Tile, Wood/Laminate
  • New Construction: No
  • Reso Property Condition: Excellent
  • Property Information Year Built2: 2001
  • Property Information Apx # Acres: 0.32
  • NeighborhoodSchools Elementary School: Other
  • NeighborhoodSchools Junior High School: Other
  • NeighborhoodSchools High School: Other
  • Condo:Laundry in Unit: Yes
  • Condition Excellent: Yes
  • Security GateElec: Yes
  • Security Smoke Detector(s)2: Yes
  • FlrWdw Coverings Tile3: Yes
  • Property Information Main House SqFt: 11603.0
  • Property Information Apx Lot SqFt: 13939.0
  • Amenities Fncd All: Yes
  • FlrWdw Coverings Carpet: Yes
  • FlrWdw Coverings WoodLaminate2: Yes
  • Security Fire Alarm2: Yes
  • Amenities Gas Stove2: Yes
  • Amenities Dishwasher2: Yes
  • Amenities Disposal2: Yes
  • Amenities Microwave2: Yes
  • Amenities Washer2: Yes
  • Amenities Dryer2: Yes
  • Parking Info Attached6: Yes
  • Amenities Fire Spkl: Yes
  • Parking Info Com Garage3: Yes
  • IncomeExpenses NOI2: 21,073
  • Parking Info Total # Garage Spaces2: 22.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Acres: 0.32

Garage/Parking

  • Garage Spaces: 22.0
  • Parking Features: Attached, Com Garage
  • Total Parking Spaces: 22.0

Schools

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

Lot Info

  • Parcel #: 073-0-153-040
  • Zoning: Other
  • Lot Size Sq Ft: 13939.0

Multi Family

  • Number Of Units Total: 12
  • Annual Gross Income: 367128.0
  • Total Actual Rent: 30594.0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/09/2025 07/09/25 For Sale $5,995,000 -- $517 / Sq Ft
Source: Santa Barbara Multiple Listing Service

Source: Santa Barbara Multiple Listing Service

MLS Number: 25-2633

Santa Barbara Multiple Listing Service

APN: 073-0-153-040