NOT LISTED FOR SALE
4 Beds
4 Baths
2,339 Sq Ft
8,400 Sq Ft Lot

Last Sold September 19, 2024

Last sale price $1,782,000 $762 Per Sq Ft

101 Days on Market

Highlights

  • Laundry Room
  • Heating Available
  • 1-Story Property
  • Ventura High School Rated A-

About This Home

As of September 2024

This is truly one of those special investment properties that doesn't come along often. This 5-unit property is located on a quiet street within Hobson Heights, one of Ventura's most sought-after neighborhoods due to the homes' historical charm and mid-town location. The property itself boasts two separate duplex buildings, side by side, and then a 5th 1-bedroom ADU that was recently added (fully permitted.) One of the units has been extensively renovated. Large side yard that could easily be privatized, allowing each unit to have their own backyard area (buyer to investigate.) This property exudes charm and potential.

Last Agent to Sell the Property

Kaitlin Miller

BHHS California Properties License #02031394 Listed on: 06/06/2024

BHHS California Properties

Co-Listed By

Melody O’Leary-Namikas

BHHS California Properties License #01299611

Last Buyer's Agent

Toni Guy

BHHS California Properties License #01491191

BHHS California Properties

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1925

Lot Details

  • 8,400 Sq Ft Lot
  • Two or More Common Walls

Home Design

  • Property Attached

Interior Spaces

  • 2,339 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Parking

  • Parking Available
  • On-Street Parking

Utilities

  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Tract Number 20
  • Assessor Parcel Number 0730083240

Community Details

Overview

  • 3 Buildings
  • Hobson Heights 0267 Subdivision

Building Details

  • 5 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Cable TV Expense $1,669
  • Electric Expense $1,219
  • Gardener Expense $1,800
  • Insurance Expense $3,513
  • Maintenance Expense $3,130
  • Other Expense $1,646
  • Professional Management Expense $4,858
  • Supplies Expense $3,000
  • Trash Expense $2,592
  • Water Sewer Expense $2,422
  • New Taxes Expense $23,750
  • Operating Expense $49,598
  • Gross Income $138,460
  • Net Operating Income $93,144

Property Details

Home Type

Multi-Family

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Assessments: No
  • Professional Management Expense: 4858.00
  • Property Attached: Yes
  • Subdivision Name Other: Hobson Heights - 0267
  • Supplies Expense: 3000.00
  • View: No
  • Water Sewer Expenses: 2422.00
  • Property Type: Residential Income
  • Gardener Expense: 1800.00
  • Parcel Number: 0730083240
  • Year Built: 1925
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 761.86

Exterior Features

  • Fence: No
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Street

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Trash Expense: 2592.00

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 8400.00
  • Lot Size Acres: 0.1928

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Cable TV Expense: 1669.00
  • Electric Expense: 1219.00
  • Gross Income: 138460.00
  • Gross Scheduled Income: 142742.00
  • Insurance Expense: 3513.00
  • Lot Size Area: 8400.0000 Square Feet
  • Maintenance Expense: 3130.00
  • Net Operating Income: 93144.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Operating Expense: 49598.00
  • Other Expense: 1646.00
  • Other Expense Description: Gas
  • Rent Control: No
  • Total Expenses: 49598.00

Tax Info

  • New Taxes Expense: 23750.00
  • Tax Tract Number: 20.00

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 List to Sale Price per Sq Ft Prior Sale
09/19/2024 09/19/24 Sold $1,782,000 -0.7% $762 / Sq Ft
09/15/2024 09/15/24 Pending -- -- --
07/25/2024 07/25/24 Price Changed $1,795,000 -3.0% $767 / Sq Ft
07/10/2024 07/10/24 Price Changed $1,849,999 -2.6% $791 / Sq Ft
06/06/2024 06/06/24 For Sale $1,899,999 +30.1% $812 / Sq Ft
06/23/2022 06/23/22 Sold $1,460,000 +12.3% $721 / Sq Ft View Prior Sale
04/14/2022 04/14/22 Pending -- -- --
04/08/2022 04/08/22 For Sale $1,300,000 -- $642 / Sq Ft
Source: Ventura County Regional Data Share

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Ventura County Regional Data Share

MLS Number: V1-23960

Ventura County Regional Data Share

APN: 073-0-083-240