Pending
57 N Ann Street
Ventura CA, 93001
$5,195,000
Pending
Residential
Built in 1972
Listed by Nicholas Henry with Beachside Partners (805) 705-7311
Rare opportunity to acquire midsize apartment building in beautiful downtown Ventura 1 block north of Main Street. 57 NorthAnn Street, comprised of (20) 1BD units, features a central secure front door entry leading to 3 stories accessed by elevatorwith partial ocean views from the 2nd and 3rd floors. Potential to add additional unit by converting unused community room(approximately 350 SF with kitchen) on first floor. There are 10 tuck-under carport spaces that may offer ADU conversionpotential for additional units plus 3 uncovered parking spaces at rear. Owner pays water/sewer, trash and hot water whiletenants pay their own electricity and gas. There are 2 coin-operated laundry rooms. Current rental rates are below marketoffering excellent upside opportunity for the astute investor. Location does not get much better with tenants being able to walkto shopping, eating, dining and entertainment options on Main Street along with parks, schools, beaches.**5.0% CAP rate, 12.2 GRM on current rents w/ rental rate upside subject to AB1482**
V1-25646
MLSⓇ ID
September 9, 2024
Listed
November 1, 2024
Updated
Map
57 N Ann Street
Ventura CA, 93001
Interior Features
Total Stories
2
Interior Features
Elevator
Appliances
Gas Oven
Laundry Description
Common Area
Fireplace
No
Fireplace Description
None
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Wall Furnace
Exterior/Building Features
Lot Size
0.38 Acres
Lot Features
Sprinklers None
Other Property Details
Area Name
VTU - Ventura
Days on Market
6
Garage
No
Parking
Assigned
Parking Total
13
View
Yes
County
Ventura
Pool
No
Pool Features
None
Listing History
Date | Event | Price |
|---|---|---|
10/31/2024 | Pending | — |
9/20/2024 | Under contract | — |
Listing Contact: (805) 453-5097
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Data last updated on 11/1/2024 at 11:26 AM UTC