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57 N Ann Street

Ventura, CA 93001

– beds
– baths
– sqft
~1/2 acre lot
1972 build
– on site

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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**

Listed By CRMLS_CA / Nicholas Henry / Beachside Partners

Last checked: Checking… • Last updated Nov 15, 2024 •

MLS# V1-25646 —

The Building

Year Built:

1972
Year Built Source:

Assessor
Total Number Of Units:

20
# of Buildings:

1
Stories Total:

2
Common Walls:

No Common Walls
# of Separate Gas Meters:

21
# of Separate Water Meters:

1
# of Separate Electric Meters:

21

Interior

Features:

Elevator
Levels:

Two
Fireplace:

No
Fireplace:

None
Laundry:

Community
Laundry:

1

Location

Directions:

1 block off Main Street
Latitude:

34.28163500
Longitude:

-119.28433500

The Property

Property Type:

Residential Income
Lot Features:

Sprinklers None
Lot Size Area:

16500.0000
Lot Size Acres:

0.3788
Lot Size SqFt:

16500.00
View:

1
Fencing:

None
Fence:

No
Land Lease:

No

Listing Agent

Contact info:

The Listing

Special Listing Conditions:

Standard
Parcel Number:

0730057035

Heating & Cooling

Heating:

1
Heating:

Wall Furnace
Cooling:

No
Cooling:

None

Appliances

Appliances:

Gas Oven
Included:

Yes

The Community

Subdivision:

Not Applicable
Subdivision:

Not Applicable
Features:

Urban
Pool:

None
Senior Community:

No
Private Pool:

No
Spa Features:

None
Assessments:

No
Assessments:

None

Parking

Parking:

Yes
Parking:

Assigned
Parking Spaces:

13.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
11/15/24 Nov 15, 2024	Sold	CRMLS_CA	$5,175,000	-0.4%
10/31/24 Oct 31, 2024	Pending	CRMLS_CA	$5,195,000
9/9/24 Sep 9, 2024	Listed / Active	CRMLS_CA	$5,195,000

Multifamily Sold on 11/15/2024

$5,175,000

Listing provided by broker:

Nicholas Henry

Beachside Partners

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Listing Courtesy of: CRMLS_CA and Beachside Partners. Based on information from California Regional Multiple Listing Service, Inc. as of 23:56 on Dec 20.

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.

57 N Ann Street

Ventura, CA 93001