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Fee Simple Multi-tenant Retail & Apartment 1052-1058 S Seaward Ave 3,800 SF 100% Leased Retail Building Ventura, CA 93001 $3,400,000 ($894.74/SF)
Investment Highlights
- Rare opportunity to purchase a fee simple, multi-tenant retail & apartment property next to the Pacific Ocean in coastal California.
- Property completely redeveloped in 2022.
- Supply constrained trade area with high barriers to entry.
- The area is currently undergoing a resurgence: 138 apartment units have been recently entitled at the intersection of S. Seaward Ave. & Harbor Blvd.,
Executive Summary
· Rare opportunity to purchase a fee simple multi-tenant retail & apartment property next to the Pacific Ocean in coastal California.
· Supply constrained trade area with high barriers to entry.
· Property completely redeveloped in 2022.
· The area is currently undergoing a resurgence: 138 apartment units have been recently entitled at the intersection of S. Seaward Ave. &
Harbor Blvd., and new Residence Inn under construction at S. Seaward Ave. & Alessandro Drive.
· Supply constrained trade area with high barriers to entry.
· Property completely redeveloped in 2022.
· The area is currently undergoing a resurgence: 138 apartment units have been recently entitled at the intersection of S. Seaward Ave. &
Harbor Blvd., and new Residence Inn under construction at S. Seaward Ave. & Alessandro Drive.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,800 SF
Building Class
C
Year Built
1964
Price
$3,400,000
Price Per SF
$894.74
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
10’
Building FAR
0.79
Lot Size
0.11 AC
Zoning
C1AD
Parking
5 Spaces (1.32 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signage
- Balcony
Moderately walkable
60/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 081-0-055-090 | Improvements Assessment | $1,713,489 |
| Land Assessment | $541,216 | Total Assessment | $2,254,705 |
Property Taxes
Parcel Number
081-0-055-090
Land Assessment
$541,216
Improvements Assessment
$1,713,489
Total Assessment
$2,254,705
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Fee Simple Multi-tenant Retail & Apartment | 1052-1058 S Seaward Ave
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