Hummingbird Apartments

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Address: 6325 Hummingbird St, Ventura, CA 93003, USA, Ventura, California, US
Created date: October 16, 2023
Date last updated: October 19, 2023

-Attractive Assumable Financing

-All Two-Story Townhomes

-Large Lot Size

-Ample Tenant Parking Available

-Huge Value-Add Upside Potential

-100% Leased

Property Description

We are pleased to present the exclusive listing of this 13-unit property consisting of all two-story townhomes in the city of Ventura. Featuring a unique unit mix with great value-add potential, this property is situated on a 31,000 SQF lot comprising a complete side of a quiet cul-de-sac. Conveniently located just one mile away from Interstate 101 Freeway and The Ventura Shopping Center consisting of a Walmart, Trader Joes, LA Fitness and local restaurants. Highly attractive interest-only assumable financing available at 3.4% for the next 3 years leaving ample time to add significant value to the property and units. Link available with all property financials with a signed NDA.

Key Property Information

Listing Status: Available
Listing Type: Highest & best offer
Multifamily type: Apartments
Price: $5,500,000
No. of Units: 13
Cap Rate: 4.56%
GRM /GIM: 13.45
Average Occupancy: 100
Year Built: 1973
Building Size: 17,018 Sq ft
Lot Size: 30,928.00 Sq ft
No. of Stories: 2
APN: 135-0-174-290
Opportunity Zone: No
Price per unit: $423,077
Address: 6325 Hummingbird St, Ventura, CA 93003, USA


Income/expense info: Actual
Net operating income: 250666

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