NOT LISTED FOR SALE
16 Beds
8 Baths
-- Sq Ft
9,148 Sq Ft Lot

Last Sold December 15, 2020

Last sale price $1,600,000

77 Days on Market

Highlights

  • Laundry Room
  • Ventura High School Rated A-
  • Chain Link Fence

About This Home

As of December 2020

Our office is pleased to offer for sale an 8 Unit apartment complex located on Whipporwill Street in Ventura. This 8 unit complex consists of two 1+1 units and six 2+1 units, in a very high demand area of Ventura. Built in 1970, the approximately 5,803 sf building is situated on a 9,148 sf lot, walking distance to Montalvo Square plaza for shopping, gyms and restaurants. Carport parking is accessed off the alley to the rear of the building. The existing laundry room is currently free to residents. A transition to coin-op laundry machines would be an easy way to increase net income. 7 of the 8 units are currently vacant. Several of the units have recently be upgraded to laminate flooring. The entire property has been upgraded with vinyl windows throughout.

Last Agent to Sell the Property

Jeffrey Becker

The Becker Group, Inc. License #00881716 Listed on: 09/14/2020

Last Buyer's Agent

Nick Henry

Beachside Partners License #01748131

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1970

Lot Details

  • 9,148 Sq Ft Lot
  • Two or More Common Walls
  • Chain Link Fence
  • No Sprinklers

Home Design

  • Property Attached

Kitchen

  • Electric Oven
  • Electric Cooktop

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 8 Bathrooms

Additional Features

  • Laundry Room
  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 17
  • Tax Tract Number 15
  • Assessor Parcel Number 1350174170

Community Details

Building Details

  • 8 Separate Electric Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,840
  • Professional Management Expense $8,160
  • Trash Expense $3,000
  • Water Sewer Expense $1,200
  • New Taxes Expense $22,240
  • Operating Expense $52,224
  • Gross Income $159,936
  • Net Operating Income $107,712

Additional Features

  • 8 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Assessments: No
  • Professional Management Expense: 8160.00
  • Property Attached: Yes
  • Subdivision Name Other: Not Applicable
  • Water Sewer Expenses: 1200.00
  • Property Type: Residential Income
  • Parcel Number: 1350174170
  • Year Built: 1970
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Appliances: Yes

Exterior Features

  • Fence: Yes
  • Fencing: Chain Link
  • Pool Private: No
  • Spa: No

Utilities

  • Laundry: Yes
  • Appliances: Electric Cooktop, Electric Oven
  • Laundry Features: Common Area
  • Trash Expense: 3000.00

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Features: Sprinklers None
  • Lot Size Sq Ft: 9148.00
  • Lot Size Acres: 0.2100

Multi Family

  • Gross Income: 159936.00
  • Gross Scheduled Income: 163200.00
  • Insurance Expense: 2840.00
  • Lot Size Area: 9148.0000 Square Feet
  • Net Operating Income: 107712.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Operating Expense: 52224.00
  • Rent Control: No
  • Total Expenses: 52224.00

Tax Info

  • New Taxes Expense: 22240.00
  • Tax Lot: 17
  • Tax Tract Number: 15.07

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 Change Sq Ft Price
12/15/2020 12/15/20 Sold $1,600,000 -7.2% --
11/30/2020 11/30/20 Pending -- -- --
11/30/2020 11/30/20 Price Changed $1,725,000 -8.5% --
10/13/2020 10/13/20 Price Changed $1,885,000 -5.0% --
09/14/2020 09/14/20 For Sale $1,985,000 -- --
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: V1-1332

Ventura County Regional Data Share

APN: 135-0-174-170