Courtesy of: John Katnik 02002695 | James Capital Advisors, Inc.
Purchase Type: Sale
MLS ID: 21-763172
Days On Market: 133
Square Footage: 14,000 Sq ft
Lot size: 0.345
Status: Looking For Backup
Property Type: Residential Income
Property Subtype: Apartment Building
Area: California St. to Mills Rd
Swimming Pool: No
Address: 732 E Santa Clara St
Neighborhood: California St. To Mills Rd
We are pleased to present this turnkey investment opportunity located in the heart of downtown Ventura. The opportunity provides a rare chance to own in the best area of the city walkable to many restaurants & retail. In the past 4 years, the property has been fully renovated from top to bottom with all units redone. The buildings compromise of 36 total units and the mix consisting of eighteen (18) single room occupancy (SRO) units, fourteen (14) bachelor / 1 bath units, two (2) large bachelor / 1 bath units, and two (2) 2 bed / 1 bath units. The 18 SRO units share six common area bathrooms. Four of the bathrooms include a toilet and sink and two bathrooms include a shower, toilet and sink. Throughout Covid-19, the ownership has received 100% rent collection. Apartment inventory is very low in Ventura so this opportunity provides a chance to break into one of the best areas of the city. The city of Ventura also allows short term rentals allowing for much higher rents and flexibility. Tenant amenities include on-site laundry (4 dryers / 4 washers), a garden and a greenhouse in the back of the property.