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Listing 15 out of 109
$785,000 Active Under Contract

11085 Azahar Street
Ventura, CA 93004

6 units | Multi Family Home
18731 sq ft - MLS# 218012397
Property Photo
1/9

Description

11063-11085 Azahar Street is a 6-unit mixed use property on 2 parcels totaling 18, 750 SF of land located in the Saticoy area of Ventura with easy access to both HWY 126 & 101. Major upside potential available to either an owner-user or investor. Consists of (3) standalone 1BD/1BA fully upgraded apartments and 3 commercial spaces. 11063, occupied by mo-mo. hobby tenant, is a standalone 3200 SF metal frame warehouse with own yard and rolling security gate and sits on its own parcel. 11069 is occupied by a radiator repair shop on lease through Jan 2019. 11079-11083 are 3 detached 1 bed, 1 bath 400 SF apartments. Recent improvements include new sewer lateral to street, new sliding metal fence behind warehouse and top to bottom upgrades to the apartments including: new windows, fresh paint in and out, new plumbing and drain lines, new electrical wiring and panel, tile flooring, doors, kitchen cabinets, appliances, new heating and air conditioning, new kitchen and bath. Current rental rate for warehouse is well under market and the 1200 SF commercial space, currently vacant, can bring in additional income. Both warehouse and office in need of major repairs. Seller financing available w/ 3 year loan of $500k at 6.5%. Current rents are $5, 035/mo. Big upside!

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active Under Contract
  • County/Area: Ventura County
  • Zip Code: 93004
  • Subdivision/Neighborhood: Saticoy Rural - 0265
  • Stories: Ground Level
  • Units: 6 units
  • Bedrooms: 3
  • Full Baths: 3
  • Lot Size: 18731 sq ft
  • Baths: 3 baths
  • Zoning: Tc
  • # Separate Electric Meters: 4
  • # Separate Water Meters: 2
  • # of Units Leased: 5
  • Common Walls: Attached
  • Dwelling Stories: 1
  • Dwelling Total Floors: 1
  • Gross Rent Multiplier: 12.99
  • Land Lease Type: Fee Simple
  • Lot SqFt: 18750
  • Master Area: Ventura/Beaches North
  • Monthly Gross Income: $5,035
  • Special Conditions Details: Standard
  • Unit 1 Furnished: Unfurnished
  • Unit 2 Furnished: Unfurnished
  • Unit 3 Furnished: Unfinished
  • Unit-1 # of Baths: 1
  • Unit-1 # of Beds: 1
  • Unit-1 Monthly Rent: 2985
  • Unit-1 Rent/Month: 995
  • Unit-1 Type: 3
  • Unit-2 Monthly Rent: 850
  • Unit-2 Type: 1
  • Unit-3 Rent/Month: 1200
  • Unit-3 Type: 1
  • Unit-4 Proj Rent/Month: 1500
  • Unit-4 Type: 1
Courtesy of Beachside Partners

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Dave & Donna Schuepbach

Ventura, California
Real Estate Agent
(805) 642-0809
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Dave & Donna Schuepbach | 805-642-0809 | Contact Us 
674 County Square Dr. - Ventura, CA 93003
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