Seller's Agent in 2018
Kevin Lutz
Keller Williams Realty/Pasadena
(626) 429-0685
22 Total Sales
748 Poli St Ventura, CA 93001
Downtown Ventura Neighborhood
6
Beds
6
Baths
6,663
Sq Ft
10,000
Sq Ft Lot
Highlights
- Laundry Room
- Level Lot
- 5-minute walk to Plaza Park
- Ventura High School Rated A-
About This Home
As of September 2018Bridge Investment Group is pleased to present the opportunity to acquire Sunset Terrace Apartments, a 12-unit building located in Ventura just 1 block from trendy shopping, restaurants, etc. This 2-story walk-up building sits on partial slab foundation and partial raised podium over tuck-under parking. The roof is made up of 3 sections, the first is pitched composite shingle (replaced in 2013) and the other two sections are built-up tar and gravel (one section was replaced in 2004 and the other in 2011).
This serene space consists of eleven 1 bedroom/1 bathroom units & one 2 bedroom/2 bathroom unit totaling 6,663 square feet sitting on a lot size of 10,000 square feet. The 2 bedroom/2 bathroom unit has been completely upgraded with new carpet, ceramic tile floors in kitchen and bathrooms, all new stainless steel applainces, granite counter tops, and all new fixtures throughout. It also has a huge balcony with ocean views. There is copper plumbing throughout. 8 of the units have open beam ceilings, 7 have balconies or patios, and some have partial ocean views. The kitchens have gas stoves/ovens, formica counters or solid-surface counter tops and vinyl floors (several units have ceramic tile floors). Each unit has a gas wall heater and no A/C. There is a common area laundry room with 2 Washers / 2 Dryers that Bondy Service Co. provides on a month-to-month basis. There are also individual storage lockers in the parking area for each tenant.
Last Agent to Sell the Property
Keller Williams Realty/Pasadena License #00925595 Listed on: 04/15/2018
Last Buyer's Agent
Keller Williams Realty/Pasadena License #00925595 Listed on: 04/15/2018
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1965
Lot Details
- 10,000 Sq Ft Lot
- Two or More Common Walls
- Level Lot
Home Design
- Apartment
Interior Spaces
- 6,663 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 6 Bedrooms
- 6 Bathrooms
Listing and Financial Details
- Tenant pays for electricity, gas
- Legal Lot and Block 2 / 63
- Assessor Parcel Number 0730045180
Community Details
Building Details
- 12 Separate Electric Meters
- 12 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $893
- Fuel Expense $1,282
- Gardener Expense $2,880
- Insurance Expense $3,530
- Maintenance Expense $16,613
- Trash Expense $2,292
- Water Sewer Expense $4,626
- New Taxes Expense $34,418
- Operating Expense $69,425
- Gross Income $201,430
- Net Operating Income $132,005
Additional Features
- 12 Units
- Laundry Facilities
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/24/2018 09/24/18 | Sold | $3,120,000 | -5.5% | $468 / Sq Ft |
| 04/15/2018 04/15/18 | For Sale | $3,300,000 | -- | $495 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Kevin Lutz
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: WS18086612
APN: 073-0-045-180
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