1943 Channel Drive, Ventura, CA 93001
- $1,375,000
- List Price
- $1,375,000
- Status
- ACTIVE UNDER CONTRACT
- MLS#
- V1-25513
- Year Built
- 1926
- Lot Size
- 4,791
- Acres
- 0.11
- Lot Location
- Sprinklers None
- Days on Market
- 35
- Property Type
- Multifamily
- Neighborhood
- Not Applicable
Property Description
The property has (2) 1-BD / 1 BA units (1943 & 1947 Channel Drive), and (1) studio unit (480 S Santa Cruz Street). With one vacant unit, this would be ideal for a buyer wishing to live in one unit and rent the others. Extensive renovations have been completed on interiors and property had a new roof and vinyl windows throughout installed (see Offering Memorandum ('OM') for renovation summary and photos), making this a completely turnkey investment. 1943 Channel Drive has its own laundry room and will be delivered vacant. The 1947 unit has laundry hookups located in the backyard, with a lease that runs thru 3/25 ($2,440/mo.). The studio unit, the former garage, is permitted, and has been leased since 2020 with monthly rent of $1,999. All three units have been upgraded (see OM), with each unit having its own backyard and the Channel Drive units benefitting from a fenced front yard.
Additional Information
- Appliances
- Gas Oven
- Pool Description
- None
- Heat
- Wall Furnace
- Cooling Description
- None
- View
- None
- Attached Structure
- Detached
- Number Of Units Total
- 3
- Gross Scheduled Income
- $84,468
- Operating Expense
- 10262
Listing courtesy of Listing Agent: Craig Lieberman (craig@ais-realestate.com) from Listing Office: Apartment Investment Specialis.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.