NOT LISTED FOR SALE

224 Lang St Ventura, CA 93003

Midtown Neighborhood
-- Bed
-- Bath
4,692 Sq Ft
0.31 Acres

Last Sold November 06, 2019

Last sale price $1,450,000 $309 Per Sq Ft

2 Days on Market

About This Home

As of November 2019

This five unit property sits on a large lot and offers a nice unit mix with upside in the existing rents. Three of the units have recently been remodeled with new windows, counters, cabinets, and floor coverings, appliances and fixtures. This Midtown location is close to the Pacific View Mall. This is a great opportunity to purchase an income property in a prime beach community. This sale must be all cash (no loan contingency) and close this year. Buyer to submit a pre-qualification letter and proof of financial ability to close with any offer. Inspection with accepted offer only. Listing broker has not verified building, or unit, information or size. Buyer to conduct their own due diligence regarding the property.

Last Agent to Sell the Property

Chris Weerts

Weerts Real Estate Inc. License #00992319 Listed on: 09/30/2019

Last Buyer's Agent

David Remedios

License #00902963

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 0.31

Interior Spaces

  • 4,692 Sq Ft Home
  • 2-Story Property

Parking

  • 10 Parking Spaces
  • Driveway

Additional Features

  • 0.31 Acre Lot
  • Heating System Uses Natural Gas

Community Details

  • 2 Buildings
  • 5 Units

Listing and Financial Details

  • Assessor Parcel Number 077-0-082-200

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: No
  • Living Area: 4692
  • Stories: 2
  • Year Built: 1955
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Price Per S Q F T: 319.69

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Driveway
  • Total Parking: 10

Utilities

  • Heating: Natural Gas

Lot Info

  • Assessed Improvement Value: 463502
  • Assessed Land Value: 278097
  • Assessor Parcel Number: 077-0-082-200
  • Geocode Override: No
  • Lot Size Area: 13443

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 14.79
  • Number Of Units: 5
  • Type Of Units: apartments

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
11/06/2019 11/06/19 Sold $1,450,000 -3.3% $309 / Sq Ft
10/02/2019 10/02/19 Pending -- -- --
09/30/2019 09/30/19 For Sale $1,500,000 -- $320 / Sq Ft
Source: The MLS

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 $17,123 $1,585,785 $437,459 $1,148,326
2024 $17,123 $1,554,692 $428,882 $1,125,810
2023 $16,916 $1,524,208 $420,472 $1,103,736
2022 $15,746 $1,494,322 $412,227 $1,082,095
2021 $15,443 $1,465,022 $404,144 $1,060,878
2020 $15,296 $1,450,000 $400,000 $1,050,000
2019 $8,239 $771,558 $289,331 $482,227
2018 $8,103 $756,430 $283,658 $472,772
2017 $7,933 $741,599 $278,097 $463,502
2016 $7,779 $727,059 $272,645 $454,414
2015 $7,697 $716,140 $268,550 $447,590
2014 $7,572 $702,114 $263,291 $438,823
Source: Public Records

Agents Affiliated with this Home

  • Chris Weerts

    Seller's Agent in 2019

    Chris Weerts

    Weerts Real Estate Inc.

    (310) 826-5505

    1 Total Sale

    Chris Weerts
    Section Image
  • David Remedios

    Buyer's Agent in 2019

    David Remedios

    (805) 340-0922

    17 in this area

    155 Total Sales

    David Remedios
    Section Image
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Map

Source: The MLS

MLS Number: 19-514454

The MLS

APN: 077-0-082-200

California Ventura County Ventura 93003 Midtown

224 Lang St, Ventura, CA

Not Listed for Sale

MultiFamily

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