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Monte Vista Townhomes 10965-10997 Del Norte St 52 Unit Apartment Building $14,700,000 ($282,692/Unit) Ventura, CA 93004
INVESTMENT HIGHLIGHTS
- Many units feature updated vinyl plank flooring and newer appliances.
- Unit mix: (23) 1BD/1BA, (17) 2BD/1BA, (12) 2BD/1.5BA
- Parking: 58 spots total (42 covered; 16 uncovered).
- Cap rates: Current: 4.68% | AB1482: 5.10% | Market: 5.33%
- GRM: Current: 11.66 | AB1482: 11.07 | Market: 10.78
EXECUTIVE SUMMARY
CALL FOR OFFERS: FEBRUARY 3, 2026 | Monte Vista Townhomes is a well-maintained 52-unit multifamily community located in Ventura’s desirable East End neighborhood. The property offers the perfect blend of suburban comfort and convenient access to major employment centers, top-rated schools, shopping, and coastal recreation. Its prime location just minutes from Highway 126 and the 101 Freeway provides direct connectivity to Downtown Ventura, Oxnard, and Santa Barbara. Everyday conveniences—including grocery stores, restaurants, parks, and Ventura College—are all a short drive away.
The community features an attractive unit mix of (23) 1BD/1BA, (17) 2BD/1BA, and (12) 2BD/1.5BA townhome-style residences. Many units have been updated with modern vinyl plank flooring and newer appliances. Residents enjoy a gated environment and a full suite of amenities, including a sparkling swimming pool, BBQ and picnic areas, on-site laundry facilities, and abundant covered and uncovered parking. A landscaped walking path surrounds the property, creating a peaceful, park-like setting that enhances resident appeal and retention.
With its strong unit mix, desirable amenities, and quality interior upgrades, Monte Vista Townhomes represents a stable, well-positioned investment with clear opportunities for continued rent growth and additional value creation in Ventura’s high-demand rental market.
*Seller reserves the right to accept an offer prior to February 3rd.
The community features an attractive unit mix of (23) 1BD/1BA, (17) 2BD/1BA, and (12) 2BD/1.5BA townhome-style residences. Many units have been updated with modern vinyl plank flooring and newer appliances. Residents enjoy a gated environment and a full suite of amenities, including a sparkling swimming pool, BBQ and picnic areas, on-site laundry facilities, and abundant covered and uncovered parking. A landscaped walking path surrounds the property, creating a peaceful, park-like setting that enhances resident appeal and retention.
With its strong unit mix, desirable amenities, and quality interior upgrades, Monte Vista Townhomes represents a stable, well-positioned investment with clear opportunities for continued rent growth and additional value creation in Ventura’s high-demand rental market.
*Seller reserves the right to accept an offer prior to February 3rd.
PROPERTY FACTS
| Price | $14,700,000 | Building Class | C |
| Price Per Unit | $282,692 | Lot Size | 1.59 AC |
| Sale Type | Investment | Building Size | 45,800 SF |
| No. Units | 52 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1972 |
| Property Subtype | Apartment | Parking Ratio | 1.33/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | RH - High R-3 - High Residential | ||
| Price | $14,700,000 |
| Price Per Unit | $282,692 |
| Sale Type | Investment |
| No. Units | 52 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.59 AC |
| Building Size | 45,800 SF |
| No. Stories | 2 |
| Year Built | 1972 |
| Parking Ratio | 1.33/1,000 SF |
| Zoning | RH - High R-3 - High Residential |
AMENITIES
UNIT AMENITIES
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Heating
- Ceiling Fans
- Kitchen
- High Speed Internet Access
- Refrigerator
- Satellite TV
- Range
- Tub/Shower
- Views
- Wi-Fi
- Deck
- Dining Room
- Pantry
- Patio
- Window Coverings
SITE AMENITIES
- Controlled Access
- Courtyard
- Laundry Facilities
- Picnic Area
- Property Manager on Site
- Spa
- Gated
- Grill
- Laundry Service
- Trash Pickup - Door to Door
- Storage Space
- Maintenance on site
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 23 | - | 700 |
| 2+1 | 17 | - | 900 |
| 2+1.5 | 12 | - | 900 - 1,200 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $11,072,698 | |
| Land Assessment | $2,366,684 | Total Assessment | $13,439,382 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$2,366,684
Improvements Assessment
$11,072,698
Total Assessment
$13,439,382
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Monte Vista Townhomes | 10965-10997 Del Norte St
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