Seller's Agent in 2023
Nick Henry
Beachside Partners
(805) 705-7311
5 in this area
60 Total Sales
3574 Preble Ave Ventura, CA 93003
Midtown Neighborhood
--
Bed
--
Bath
25,004
Sq Ft
24,829
Sq Ft Lot
Highlights
- 0.57 Acre Lot
- Laundry Room
- 38 Car Garage
- Cabrillo Middle School Rated A-
About This Home
As of December 2023Value-add 38 unit apartment building opportunity for only $267k/unit in the low turnover sale marketplace of city of Ventura. 14.1 GRM, 4.4% CAP on actual and 11.0 GRM, 6.3% CAP on market rents. Tradewinds Apartments is set on a .89 acre lot w/ garage parking, pool and laundry room. Convenient location near Pacific View Mall & Lowes, Community Memorial Hospital, Ventura College, Ventura Harbor and local beaches plus easy access to both the 101 and 126 freeways. Unit mix consists of (1) 3BD/1BA, (4) 2BD/1BA, (18)1BD/1BA and (15) studios. Utilities sep metered for electric and gas and (2) 100 gallon water heaters service building. Major upside in rental rates. Available reports include: General inspection, termite, roof and sewer lateral. OFFER DUE DATE AUG 4th @ 12PM
Last Agent to Sell the Property
Beachside Partners License #01748131 Listed on: 07/19/2023
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1962
Lot Details
- 0.57
Parking
- 38 Car Garage
Home Design
- 25,004 Sq Ft Home
Additional Features
- Laundry Room
- 0.57 Acre Lot
- Individual Gas Meter
Community Details
- 38 Units
- Gross Income $718,248
Listing and Financial Details
- Assessor Parcel Number 075-0-284-145
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/22/2023 12/22/23 | Sold | $9,800,000 | -3.0% | $392 / Sq Ft |
| 08/13/2023 08/13/23 | Pending | -- | -- | -- |
| 07/19/2023 07/19/23 | For Sale | $10,100,000 | -- | $404 / Sq Ft |
Source: Santa Barbara Multiple Listing Service
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 | $106,389 | $10,001,312 | $3,100,800 | $6,900,512 |
| 2024 | $106,389 | $9,796,400 | $3,040,000 | $6,756,400 |
| 2023 | $45,137 | $4,028,245 | $1,390,965 | $2,637,280 |
| 2022 | $41,969 | $4,016,260 | $1,363,691 | $2,652,569 |
| 2021 | $41,322 | $3,944,924 | $1,336,952 | $2,607,972 |
| 2020 | $40,842 | $3,894,825 | $1,323,244 | $2,571,581 |
| 2019 | $40,077 | $3,816,787 | $1,297,299 | $2,519,488 |
| 2018 | $39,440 | $3,745,621 | $1,271,862 | $2,473,759 |
| 2017 | $38,680 | $3,669,100 | $1,246,924 | $2,422,176 |
| 2016 | $37,892 | $3,586,825 | $1,222,475 | $2,364,350 |
| 2015 | $37,244 | $3,529,418 | $1,204,113 | $2,325,305 |
| 2014 | $36,826 | $3,470,912 | $1,180,527 | $2,290,385 |
Source: Public Records
Agents Affiliated with this Home
-
Nick Henry
Map
Source: Santa Barbara Multiple Listing Service
MLS Number: 23-2132
APN: 075-0-284-145
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