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684 N Ventura Avenue

Ventura, CA 93001

$1,489,000

List Price

N/A

bed Beds

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shower Baths

N/A sqft

straighten / sqft

1925

calendar_month Built

Property 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.

Listing Information

List Price $1,489,000
Status Active
MLS SC24193355
Type Commercial
Subtype Retail
Year Built 1925
Lot Size 4,791
Structure Size N/A
Courtesy Of Western Hotel Brokers, Inc
Listing Agent Eric Gignoux DRE#00549113

Interior Features

Laundry Information
Location(s) None
Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A

Exterior Information

Maps

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king_bed N/A
shower N/A
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straighten N/A
straighten N/A
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king_bed N/A
straighten N/A
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king_bed 3
shower 2
straighten 1,464
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Listing information courtesy of: Eric Gignoux, Western Hotel Brokers, Inc . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 17th, 2024 at 9:08 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.