NOT LISTED FOR SALE

1829 E Ocean Ave Ventura, CA 93001

Midtown Neighborhood
14 Beds
7 Baths
5,444 Sq Ft
0.6 Acres

Last Sold March 03, 2020

Last sale price $2,525,000 $464 Per Sq Ft

100 Days on Market

Highlights

  • 0.6 Acre Lot
  • Carpet
  • 4-minute walk to Ocean Avenue Park
  • Cabrillo Middle School Rated A-
  • 1-Story Property

About This Home

As of March 2020

Value-add 7 Unit multifamily property! All 2-bedroom, 1 bath units.Each unit is approximately 780 sq. ft. and comes with individualwasher/dryer hookups and a detached, fully enclosed, one cargarage. Tenant pays for all utilities including water. 3 units haveundergone extensive renovations, with rents reflectingimprovements. Property stays fully occupied year-round to provide asound investment with significant upside potential should buyercontinue with renovation program. This over-sized property lotboasts near 26,000 sq. ft., much larger than nearby property lots,offering excellent future development potential.

Last Agent to Sell the Property

Patrick Burris

PAB Companies, Inc License #01495870 Listed on: 10/23/2019

Last Buyer's Agent

Lee Jensen

New Beginnings Realty License #02094361

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1927

Lot Details

  • 0.6 Acre Lot
  • No Common Walls
  • Land Lease

Parking

  • 1 Car Garage

Flooring

  • Carpet
  • Laminate

Additional Features

  • 1-Story Property
  • No Hot Water

Listing and Financial Details

  • Assessor Parcel Number 0750081170

Community Details

Overview

  • 7 Units
  • Buena Place 0230 Subdivision

Building Details

  • 7 Separate Electric Meters
  • 7 Separate Gas Meters

Property Details

Home Type

Multi-Family

Year Built

Built in 1927

Lot Details

0

Parking

1

Listing Details

  • Property Attached: No
  • Subdivision Name Other: Buena Place - 0230
  • View: No
  • Zoning: R3-5
  • Property Type: Residential Income
  • Parcel Number: 0750081170
  • Year Built: 1927
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Laminate
  • Appliances: Yes
  • Levels: One

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Appliances: No Hot Water

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease: Yes
  • Lot Size Sq Ft: 25980.00
  • Lot Size Acres: 0.5964

Multi Family

  • Lot Size Area: 25980.0000 Square Feet
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Units Total: 7

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

Property History

Date Event Price List to Sale Price per Sq Ft
03/03/2020 03/03/20 Sold $2,525,000 -21.1% $464 / Sq Ft
01/31/2020 01/31/20 Pending -- -- --
10/23/2019 10/23/19 For Sale $3,200,000 -- $588 / Sq Ft
Source: Ventura County Regional Data Share

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 $29,789 $2,761,455 $820,235 $1,941,220
2024 $29,789 $2,707,309 $804,152 $1,903,157
2023 $29,429 $2,654,225 $788,384 $1,865,841
2022 $27,393 $2,602,182 $772,926 $1,829,256
2021 $26,865 $2,551,159 $757,770 $1,793,389
2020 $10,741 $1,000,925 $521,490 $479,435
2019 $10,544 $981,300 $511,265 $470,035
2018 $10,371 $962,060 $501,241 $460,819
2017 $10,151 $943,197 $491,413 $451,784
2016 $9,956 $924,704 $481,778 $442,926
2015 $9,852 $910,817 $474,543 $436,274
2014 $9,692 $892,978 $465,249 $427,729
Source: Public Records

Agents Affiliated with this Home

  • Patrick Burris

    Seller's Agent in 2020

    Patrick Burris

    PAB Companies, Inc

    (805) 983-7788

    10 Total Sales

    Patrick Burris
    Section Image

  • L

    Buyer's Agent in 2020

    Lee Jensen

    New Beginnings Realty

    (805) 376-9450

    1 in this area

    10 Total Sales

    Lee Jensen
    Section Image

  • D

    Buyer Co-Listing Agent in 2020

    Derrick Caron-Clark

    New Beginnings Realty

    (805) 794-6571

    10 Total Sales

    Derrick Caron-Clark
    Section Image
See All Agents

Map

Source: Ventura County Regional Data Share

MLS Number: V0-219012993

Ventura County Regional Data Share
California Ventura County Ventura 93001 Midtown

1829 E Ocean Ave, Ventura, CA

Not Listed for Sale

MultiFamily

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