NOT LISTED FOR SALE
8 Beds
8 Baths
4,681 Sq Ft
4,681 Sq Ft Lot

Last Sold May 04, 2022

Last sale price $2,600,000 $555 Per Sq Ft

13 Days on Market

Highlights

  • No Units Above
  • Ocean Side of Freeway
  • Forced Air Heating System
  • Pierpont Elementary School Rated 9+
  • Laundry Room
  • 4 Car Garage

About This Home

As of May 2022

Great investor opportunity to own an updated and upgraded fourplex located in the Keys area of Ventura. A tenants dream to beach living. Close to everything - Ventura harbor, Pierpont beach, Marina Park, Vons shopping Center, all beach restaurants and easy access to the 101 freeway. There are 3 two story units with living room, kitchen, dining area,half bath downstairs, and private patios. Upstairs are two bedrooms and a full bath. 4th unit is an upstairs penthouse on one level. This unit has a full and 3/4 bath. A balcony runs the length of this unit. Plenty of parking, all units have 1 car garages as well as designated parking behind each garage and there is a small laundry room with bank card operated washer and dryer that produces additional income. The owners have spared no expense to keep this property in healthy condition. Some of the recent upgrades since 2019 are new exterior paint and art, New garage doors, updated lighting, updated washer and dryer that uses bank cards instead of coins. Meticulously maintained.

Last Agent to Sell the Property

Susan Studebaker

RE/MAX Gold Coast Realtors License #01031968 Listed on: 03/23/2022

RE/MAX Gold Coast Realtors

Last Buyer's Agent

Brian Coleman

Michael Caesar DiMeo, Broker License #00795173

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1976 | Remodeled

Lot Details

  • 4,681 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • Wood Fence
  • Front Yard Sprinklers

Parking

  • 4 Car Garage
  • Parking Available
  • Single Garage Door

Home Design

  • 4,681 Sq Ft Home
  • Quadruplex
  • Turnkey

Kitchen

  • Electric Oven
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Ocean Side of Freeway
  • Exterior Lighting

Utilities

  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Tract Number 25
  • Assessor Parcel Number 0800320245

Community Details

Overview

  • 4 Units
  • Keys Harbor 160109 Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $444
  • Gardener Expense $1,200
  • Insurance Expense $1,900
  • Professional Management Expense $7,716
  • Trash Expense $2,100
  • Water Sewer Expense $2,304
  • Operating Expense $15,664
  • Gross Income $110,000
  • Net Operating Income $89,972

Property Details

Home Type

Multi-Family

Year Built

Built in 1976 | Remodeled

Lot Details

0

Parking

4

Listing Details

  • Assessments: No
  • Professional Management Expense: 7716.00
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 2304.00
  • Zoning: R3-3
  • Property Condition: Updated/Remodeled, Turnkey
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 0800320245
  • Year Built: 1976
  • Special Features: None

Interior Features

  • Fireplace: No
  • Common Walls: No One Above, No One Below
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 555.44

Exterior Features

  • Exterior Features: Lighting
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage, Garage - Single Door
  • Total Parking Spaces: 10.00

Utilities

  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Oven, Microwave
  • Heating Type: Forced Air
  • Laundry Features: Community, Washer Included, Dryer Included, Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 2100.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Street Lights, Sidewalks

Lot Info

  • Land Lease: No
  • Lot Features: Sprinklers In Front
  • Lot Size Sq Ft: 4681.00
  • Lot Size Acres: 0.1075

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 444.00
  • Gross Income: 110000.00
  • Gross Scheduled Income: 105636.00
  • Insurance Expense: 1900.00
  • Lot Size Area: 4681.0000 Square Feet
  • Net Operating Income: 89972.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 15664.00
  • Rent Control: Yes
  • Total Expenses: 15664.00
  • Waterfront Features: Ocean Side of Freeway

Tax Info

  • Tax Tract: 160103
  • Tax Tract Number: 25.00

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
05/04/2022 05/04/22 Sold $2,600,000 0.0% $555 / Sq Ft
03/23/2022 03/23/22 For Sale $2,600,000 -- $555 / 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: V1-11415

Ventura County Regional Data Share