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153 S Laurel St 3 Unit Apartment Building $1,450,000 ($483,333/Unit) 6.82% Cap Rate Ventura, CA 93001
Executive Summary
"Ocean Views With Capitalization Rate of 6.82% and A GRM of 12.8! Ocean Views With Capitalization Rate of 6.82% and a GRM of 12.80! *** Downtown Ventura Triplex with convenient access to beach and downtown Ventura *** Classic 1920s Craftsman duplex showcase of character boasts a significant part of the heritage and charm of coastal Ventura, with modern touches. *** Newer 2 bedroom 2 bath Mediterranean-style home with attached garage offers sweeping ocean and mountain views from its master bedroom and its upper-level deck***All units offer granite countertops, new tile and wood flooring and tiled bathrooms throughout. With a versatile layout and value-add potential of ADU conversion. Surrounded by luxury developments, this is a prime opportunity in a thriving neighborhood. unit mix: (1) 1 bed/1 bath rent = $2040 (rent increase 30 days after contingency removals), (1) 2 bed/1 bath- rent=$3155 (rent increase 30 days after contingency removals) , (1) 2 bed/2 bath- vacant - proforma rent= $4250 ** 7 additional off street parking spots on the property*** Tenants cover utilities & trash 1 Separate Water Meter, 2 Separate Gas Meters, 2 Separate Electric Meters *** Mills Act available for very low property taxes *** Owner can carry 2nd loan of $100,000.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,450,000 | Property Subtype | Apartment |
| Price Per Unit | $483,333 | Lot Size | 0.14 AC |
| Sale Type | Investment | Building Size | 3,214 SF |
| Cap Rate | 6.82% | Average Occupancy | 100% |
| Gross Rent Multiplier | 12.8 | No. Stories | 2 |
| No. Units | 3 | Year Built | 2009 |
| Property Type | Multifamily | ||
| Zoning | T4.1 | ||
| Price | $1,450,000 |
| Price Per Unit | $483,333 |
| Sale Type | Investment |
| Cap Rate | 6.82% |
| Gross Rent Multiplier | 12.8 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Lot Size | 0.14 AC |
| Building Size | 3,214 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2009 |
| Zoning | T4.1 |
Amenities
Unit Amenities
- Disposal
- Heating
- Kitchen
- Granite Countertops
- Hardwood Floors
- Refrigerator
- Oven
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | - |
| 2+1.5 | 1 | - | - |
| 2+2 | 1 | - | - |
1 1
Walk Score®
Walker's Paradise (92)
Bike Score®
Very Bikeable (79)
Property Taxes
| Parcel Number | 073-0-143-270 | Improvements Assessment | $314,657 |
| Land Assessment | $167,975 | Total Assessment | $482,632 |
Property Taxes
Parcel Number
073-0-143-270
Land Assessment
$167,975
Improvements Assessment
$314,657
Total Assessment
$482,632
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153 S Laurel St
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