NOT LISTED FOR SALE

1311 E Santa Clara St Ventura, CA 93001

Midtown Neighborhood

Estimated Value: $2,049,000 - $3,430,577

-- Bed
-- Bath
-- Sq Ft
0.25 Acres

Last Sold May 23, 2017

Last sale price $1,900,000

Est. 44% increase in value since last sale

Current estimated payment $16,516/month

102 Days on Market

About This Home

As of May 2017

Rare opportunity to acquire fully upgraded 6 units on corner lot in downtown Ventura. Walking distance to Memorial Park, downtown nightlife, schools and the beach. 1915 built restored 4 bed, 1.25 bath home w/ ocean views, big living room w/ fireplace, formal dining room, office and large backyard + detached duplex and (3) standalone cottages. Tenants pay all utilities for house, including water. All units have vinyl plank flooring, fully updated kitchens and baths, fresh paint inside and out, laundry hookups and private patios. Extensive renovation recently completed, including: new roofs on duplex and house, fresh paint inside and out, updated electrical & plumbing in cottages and duplex, new windows in cottages, new electrical panels, new flooring, updated kitchens & baths, new concrete parking area, new fencing and drought tolerant landscaping. This is a true pride of ownership property in an excellent location where apartment buildings rarely change hands. More info. available in marketing package

Last Agent to Sell the Property

Nick Henry

The Channel Group Listed on: 12/02/2016

Co-Listed By

Joe Kapp

Joe Kapp Real Estate License #00447810

Last Buyer's Agent

Nick Henry

The Channel Group Listed on: 12/02/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $23,708

Year Built

  • Built in 1915

Lot Details

  • 0.25

Parking

  • Uncovered Parking

Additional Features

  • 0.25 Acre Lot
  • Individual Gas Meter

Community Details

  • 6 Units

Listing and Financial Details

  • Assessor Parcel Number 073-0-155-060

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$23,708

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1915
  • Gross Rent Multiplier: 16.75
  • Monthly Income: 10450.0
  • Meters Sep Meter Elec: Y
  • Meters Sep Meter Gas: Yes
  • Meters Sep Meter Wtr: Y
  • ResoLaundryFeatures: Some
  • Co List Office Mls Id: kapp
  • Co List Office Phone: 805-643-3635
  • Property Information Year Built2: 1915
  • NeighborhoodSchools Elementary School: Other
  • NeighborhoodSchools Junior High School: Other
  • NeighborhoodSchools High School: Other
  • Parking Info Uncovered: Yes
  • Property Information Apx Lot SqFt: 11000.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Acres: 0.25

Garage/Parking

  • Parking Features: Uncovered

Schools

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

Lot Info

  • Parcel #: 073-0-155-060
  • Zoning: Other
  • Lot Size Sq Ft: 11000.0

Multi Family

  • Number Of Units Total: 6
  • Total Actual Rent: 10450.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 16, 2017
Sold by
Raven Ridge Development Llc
Bought by
Kce Properties Llc
Current Estimated Value
$2,739,789

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,184,200
Interest Rate
4.1%
Mortgage Type
Commercial

Purchase Details

Listed on
Feb 23, 2015
Closed on
Mar 31, 2015
Sold by
Olson Susan
Bought by
Raven Ridge Development Llc
Seller's Agent
Joe Kapp
Joe Kapp Real Estate, Inc
Buyer's Agent
Mike Kapp
Mike Kapp Real Estate
List Price
$999,999
Sold Price
$999,950
Premium/Discount to List
-$49
-0.005%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.17%
Original Mortgage
$1,012,500
Interest Rate
3.76%
Mortgage Type
Construction
Source: Public Records

Range of Values:

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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
Kce Properties Llc $1,900,000 First American Title Company
Raven Ridge Development Llc $1,000,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Kce Properties Llc $1,200,000
Previous Owner Kce Properties Llc $1,184,200
Previous Owner Raven Ridge Development Llc $200,000
Previous Owner Raven Ridge Development Llc $950,000
Previous Owner Raven Ridge Development Llc $275,000
Previous Owner Raven Ridge Development Llc $1,012,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/23/2017 05/23/17 Sold $1,900,000 -9.5% --
03/13/2017 03/13/17 Pending -- -- --
12/01/2016 12/01/16 For Sale $2,100,000 +110.0% --
04/09/2015 04/09/15 Sold $999,950 0.0% --
03/30/2015 03/30/15 Pending -- -- --
02/23/2015 02/23/15 For Sale $999,999 -- --
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 $23,708 $2,205,110 $464,233 $1,740,877
2024 $23,708 $2,161,873 $455,130 $1,706,743
2023 $23,421 $2,119,484 $446,206 $1,673,278
2022 $21,795 $2,077,926 $437,457 $1,640,469
2021 $21,374 $2,037,183 $428,880 $1,608,303
2020 $21,170 $2,016,295 $424,483 $1,591,812
2019 $20,776 $1,976,760 $416,160 $1,560,600
2018 $20,428 $1,938,000 $408,000 $1,530,000
2017 $10,977 $1,035,502 $310,666 $724,836
2016 $10,763 $1,015,199 $304,575 $710,624
2015 $1,332 $110,232 $56,072 $54,160
2014 $1,312 $108,075 $54,975 $53,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 16-3880

Santa Barbara Multiple Listing Service

APN: 073-0-155-060