473 477 W Ramona Street

Ventura, CA 93001

  • 0 Bed(s)
  • 0 Bath(s)
  • 0 Sqft
  • 33105
    Sqft(Lot)
$2,650,000

Description

The subject property consists of 15 residential units, all of which contain 390 sq. ft. each (5,863 total sq ft), with all units contained within eight building structures (seven duplexes and one building housing one additional unit) built in 1926. parcel size is approximately 33,105 sq ft. this building spatial configuration provides for a large open area currently used by tenants as open area, but is available for the following adu additions. on september 19th of this year, sb 1211 was signed into law, which affords an owner of a multifamily property the ability to secure entitlements for the same number of adus as the existing residential units, up to a maximum of 8 adus.the property currently generates $17,225 ($1,148/unit average) for a total gross annual rental income of $206,700, making the financial metrics a 12.8 grm & a 4.6% cap rate.

  • Property Type

    Residential Income

  • County

    Ventura

  • Style

    Residential Income

  • AD ID

    47615910

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Property Details

  • Bathroom Information

    • Total Baths: 0

    Interior Features

    • Fireplace: None

    Cooling Features

    • None
    • Air Conditioning

    Heating Source

    • Wall Furnace
    • Has Heating

    Fireplace

    • Fireplace Features: None
    • Has Fireplace: 0

  • Building Information

    • Year Built: 1926

    Pool Features

    • None

    Laundry Features

    • None

    Fencing

    • Stucco Wall

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.76
    • Lot Size Source: Public Records
    • Lot Size Square Feet: 33105

  • Listing Price Information

    • Original List Price: 2,650,000
    • Listing Contract Date: 2024-11-11

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 0710010340

  • Garage and Parking

    • Garage Description: Garage

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active Under Contract
    • Source Neighborhood: VTU - Ventura
    • Directions: On the corner of W Ramona Street and Riverside Street
    • Source Property Type: Residential Income
    • Area: VTU - Ventura

    Building and Construction

    • Property Age: 98
    • Common Walls: No Common Walls
    • Year Built Source: Public Records
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BuyOwner last updated this listing 12/22/2024 @ 08:34

  • MLS: V1-26683
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is recently sold, it has 0 sqft, 33,105 sized lot, and 15 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Ventura , in zip code 93001, this Ventura County Home are nearby neighborhoods.