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$ 2,385,000
Est. payment | /mo
0.28 Acres Lot
$ 2,385,000
Est. payment | /mo
0.28 Acres Lot
Key Details
Property Type Single Family Home
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 26-369
Year Built 1926
Lot Size 0.280 Acres
Acres 0.28
Lot Dimensions 12196.0
Source Santa Barbara Multiple Listing Service
Property Description
Built in 1926, this 11-unit apartment property situated on a 12,196 square-foot parcel, contains unique individual 425 square-foot one-bedroom - one-bathroom ''casita'' units that are separately metered for gas and electricity with grass-groomed central courtyard surrounded by decorative perimeter fencing providing its tenant community with a comfortable private environment, and located adjacent to the new Kellogg Park.
The roofs were replaced on each individual structure in 2019, and in 2022, the exterior of all buildings were painted.
Significant financial highlights for this property are its GRM and Price-Per-Unit, both of which are among the lowest compared to recent sales, making this property's metrics financially compelling to investors hoping to maximize cash flow.
The roofs were replaced on each individual structure in 2019, and in 2022, the exterior of all buildings were painted.
Significant financial highlights for this property are its GRM and Price-Per-Unit, both of which are among the lowest compared to recent sales, making this property's metrics financially compelling to investors hoping to maximize cash flow.
Location
State CA
County Ventura
Interior
Laundry None
Exterior
Parking Features Outside
Others
Tax ID 071-0-031-120
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
Listed by Apartment Investment Specialists
Schools and Properties Nearby
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