684 N Ventura Avenue, Ventura, CA 93001

  • $1,489,000
  • $394
684 N Ventura Avenue, Ventura, CA 93001
  • Commercial Sale
  • Property Type
  • 1925
  • Year Built
For Sale
684 N Ventura Avenue, Ventura, CA 93001
  • $1,489,000
  • $394

Overview

Property ID: SGR-33981036
  • Commercial Sale
  • Property Type
  • 1925
  • Year Built

Description

This unique offering presents a 4-unit, free-standing retail building located in the heart of Ventura. Originally constructed in 1925, the property is zoned C2, providing a range of commercial uses. Situated in a prime location, this building boasts long-term tenants, creating a rare investment opportunity with consistent cash flow.

With 100% occupancy, the property has a solid history of tenant retention and lease stability, offering immediate income for potential investors. However, with current rents below market value, there is significant upside potential for investors to capitalize on rent adjustments, aligning the property with current market trends.

This property presents an exciting opportunity for investors seeking long-term value appreciation, steady cash flow, and the potential to enhance returns by optimizing rent structures. The location of this property is key and positioned in a growing market, making it an ideal investment for sustained income and value appreciation.

  • Address 684 N Ventura Avenue
  • City Ventura
  • State/county CA
  • Zip/Postal Code 93001
  • Area VTU - Ventura
  • Country United States

Details

Updated on September 24, 2024 at 6:51 am
  • Property ID: SGR-33981036
  • Price: $1,489,000
  • Land Area: 4791.00 m²
  • Year Built: 1925
  • Property Type: Commercial Sale
  • Property Status: For Sale
  • Living Area: 3780.00
  • MLS#: SC24193355
  • Office Name: WESTERN HOTEL BROKERS, INC
  • Agent Name: Eric Gignoux
  • MLS Status: Active
  • Living Area Prefix: Sqft
  • Agent State License: 00549113
  • IDX Contact Info: 805 452-2880

Additional details

  • Tax Annual: 9717.84
  • Tax Year: 2023
  • County: Ventura
  • Property SubType: Retail
  • Water Source: Public

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