NOT LISTED FOR SALE

481 N Ventura Ave Ventura, CA 93001

Westside Neighborhood

Estimated Value: $1,292,557

3 Beds
2 Baths
1,650 Sq Ft
$783/Sq Ft Est. Value

Last Sold August 03, 2021

Last sale price $1,150,000 $697 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $7,986/month

Highlights

  • 6,440 Acre Lot
  • Bike Trail
  • No Heating
  • Ventura High School Rated A-
  • Concrete Flooring

About This Home

As of August 2021

Prime purchase opportunity of beloved, famous Ventura ''landmark'', Avenue Hardware. Great corner location steps from Bell Art's Factory, restaurants and other local businesses. The commercial unit in front (3,195 sf) has exposed beam ceilings, concrete floor, original slider door, and great retail potential. Includes interior renovation permits for retail/office upgrades. The residential house in back (1,590 sf) is a spacious 3 bed/2 bath, complete with lofted wood ceiling in the master, porch with views, and a 2-car garage. This is a great opportunity for an owner/user to put the finishing touches on the commercial space! 4,785 sf total on 6,440 sf lot.

Last Agent to Sell the Property

Jeffrey Becker

The Becker Group, Inc. License #00881716 Listed on: 02/03/2021

Last Buyer's Agent

Jeffrey Becker

The Becker Group, Inc. License #00881716 Listed on: 02/03/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,204

Year Built

  • Built in 1926

Lot Details

  • 6,440 Acre Lot
  • No Common Walls
  • No Sprinklers

Parking

  • 2 Car Garage

Home Design

  • Split Level Home

Interior Spaces

  • 2-Story Property
  • Concrete Flooring
  • Gas Oven

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Additional Features

  • Exterior Lighting
  • Urban Location
  • No Heating

Community Details

Overview

  • 2 Buildings
  • 2 Units

Recreation

  • Bike Trail

Building Details

  • 2 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Insurance Expense $2,500
  • Trash Expense $1,200
  • New Taxes Expense $16,200
  • Operating Expense $25,000
  • Gross Income $87,000
  • Net Operating Income $62,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,204

Year Built

Built in 1926

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: No
  • Subdivision Name Other: Not Applicable
  • Property Type: Residential Income
  • Year Built: 1926
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Concrete
  • Appliances: Yes
  • Levels: Multi/Split, One

Exterior Features

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

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: No
  • Appliances: Gas Oven
  • Trash Expense: 1200.00

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Features: Sprinklers None
  • Lot Size Sq Ft: 280526400.00
  • Lot Size Acres: 6440.0000

Multi Family

  • Gross Income: 87000.00
  • Gross Scheduled Income: 87000.00
  • Insurance Expense: 2500.00
  • Lot Size Area: 280526400.0000 Square Feet
  • Net Operating Income: 62000.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 25000.00
  • Rent Control: No
  • Total Expenses: 25000.00

Tax Info

  • New Taxes Expense: 16200.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 3, 2021
Closed on
Jul 12, 2021
Sold by
Woerner Eisner Lorelei
Bought by
4Eight1 Avenue Llc
Seller's Agent
Jeffrey Becker
The Becker Group, Inc.
Buyer's Agent
Jeffrey Becker
The Becker Group, Inc.
List Price
$1,295,000
Sold Price
$1,150,000
Premium/Discount to List
-$145,000
-11.2%
Current Estimated Value
$1,292,557

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$142,557
Avg. Annual Appreciation
2.88%
Original Mortgage
$805,000
Outstanding Balance
$733,895
Interest Rate
2.93%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$558,662

Purchase Details

Listed on
Jan 11, 2018
Closed on
May 22, 2018
Sold by
Dewire Tad and Dewire Denise
Bought by
Wonerner Eisner Lorelei
Seller's Agent
Derek Turner
Santa Barbara Real Estate Company
Buyer's Agent
Non Member Agent
Non Member Office
List Price
$999,000
Sold Price
$875,000
Premium/Discount to List
-$124,000
-12.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.12%
Original Mortgage
$182,700
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 30, 2011
Sold by
Dewire Tad and Dewire Denise
Bought by
The Dewire Family 2009 Trust and Dewire Tad

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
4.46%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Apr 2, 2009
Sold by
Dewire Tad
Bought by
Dewire Tad and Dewire Denise M

Purchase Details

Closed on
Jan 28, 2008
Sold by
Dewire Tad
Bought by
Dewire Tad
Source: Public Records

Range of Values:

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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

Purchase History

Date Buyer Sale Price Title Company
4Eight1 Avenue Llc $1,150,000 Lawyers Title Company
Wonerner Eisner Lorelei $875,000 Chicago Title Co
The Dewire Family 2009 Trust -- First American Title Co
Dewire Tad -- None Available
Dewire Tad -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 4Eight1 Avenue Llc $805,000
Previous Owner Wonerner Eisner Lorelei $182,700
Previous Owner The Dewire Family 2009 Trust $125,000
Previous Owner Dewire Jay H $110,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/03/2021 08/03/21 Sold $1,150,000 -11.2% $697 / Sq Ft
02/03/2021 02/03/21 For Sale $1,295,000 +48.0% $785 / Sq Ft
06/18/2018 06/18/18 Sold $875,000 -12.4% $547 / Sq Ft
04/30/2018 04/30/18 Pending -- -- --
01/10/2018 01/10/18 For Sale $999,000 -- $624 / 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 $13,204 $1,220,389 $238,772 $981,617
2024 $13,204 $1,196,460 $234,090 $962,370
2023 $13,045 $1,173,000 $229,500 $943,500
2022 $12,145 $1,150,000 $225,000 $925,000
2021 $9,678 $919,780 $210,235 $709,545
2020 $9,579 $910,350 $208,080 $702,270
2019 $9,400 $892,500 $204,000 $688,500
2018 $1,583 $134,992 $23,658 $111,334
2017 $1,553 $132,346 $23,195 $109,151
2016 $1,525 $129,752 $22,741 $107,011
2015 $1,511 $127,804 $22,400 $105,404
2014 $1,488 $125,303 $21,962 $103,341
Source: Public Records

Agents Affiliated with this Home

  • Jeffrey Becker

    Seller's Agent in 2021

    Jeffrey Becker

    The Becker Group, Inc.

    (805) 653-6794

    4 in this area

    15 Total Sales

    Jeffrey Becker
    Section Image
  • Derek Turner

    Seller's Agent in 2018

    Derek Turner

    Santa Barbara Real Estate Company

    (805) 218-4291

    2 in this area

    51 Total Sales

    Derek Turner
    Section Image

  • N

    Buyer's Agent in 2018

    Non Member Agent

    Non Member Office

See All Agents

Map

Source: Ventura County Regional Data Share

MLS Number: V1-3724

Ventura County Regional Data Share

APN: 071-0-101-030

California Ventura County Ventura 93001 Westside

481 N Ventura Ave, Ventura, CA

This home is located at 481 N Ventura Ave, Ventura, CA 93001 since 03 February 2021 and is currently estimated at $1,292,557, approximately $783 per square foot. This property was built in 1926. 481 N Ventura Ave is a home located in Ventura County with nearby schools including Will Rogers Elementary School, De Anza Academy Of Technology And The Arts, and Ventura High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Ventura County Regional Data Share IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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