100 E Center St
Pricing
Highest Cap Rate for Multifamily Property in Ventura
County on the market (as of list date).
Value-Add
Value-add potential in (3) ADU’s in garages by right
(buyer to verify).
Completely Renovated
Completely Renovated (2022) Interiors, Kitchens,
Cabinets, Countertops, Bathrooms, Tile Surround,
Fixtures, Doors, Floors, Paint, Plumbing System,
Roof, Windows, Exterior Paint. (All permitted)
Location
1 minute to downtown, less than 1 mile to the ocean.
Walkscore 84. Located in art district with new coffee
shops and restaurants going in 2 blocks away.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Highest & best offer |
| Property Types: | Apartment Buildings |
| Price: | $4,499,000 |
| No. of Units: | 12 |
| Cap Rate: | 5.50% |
| GRM /GIM: | 12.49 |
| Average Occupancy: | 100 |
| Year Built: | 1964 |
| Year Renovated: | 2022 |
| Building Size: | 7,905 Sq ft |
| Lot Size: | 14,745.00 Sq ft |
| No. of Stories: | 2 |
| APN: | 071-0-111-060 |
| Buy Side Fee: | 2% |
| Opportunity Zone: | No |
| Price per unit: | $374,917 |
| Parking Spaces: | 12 Uncovered; 12 Garage |
FINANCIAL DETAILS
| Income/expense info: | Actual |
|---|---|
| Financial year: | 2024 |
| Gross income: | 360336 |
| Effective Gross income: | 349526 |
| Operating expenses: | 103175 |
| Net operating income: | 246349 |
Similar Properties in the Area
123 Main Street
Los Angeles, California
442 W 93rd St
Los Angeles, CaliforniaBrokers
View All-
Ben Galles
CBRE | Nevada
-
Chase Lord
SVN OAK Realty Advisors | Oklahoma
-
James Nelson
Avison Young - US - NY - New York | New York
-
Ken Wellar
GREA | Pennsylvania
Lenders
View All-
Felix Gutnikov
California
-
Gary Bechtel
North Carolina
-
Arbor Realty Trust
-
Bellwether Enterprise
Management
View All-
Essex Property Trust, Inc.
California
-
Asset Living
Texas
-
Anthony-Lewis Jerdine
Florida
-
AOG Living
Texas
