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1729 E Ocean Ave 2 Unit Apartment Building Offered at $1,300,000 at a 5.69% Cap Rate Ventura, CA 93001
Investment Highlights
- Ocean View
Executive Summary
This property offers an exceptional development opportunity with fully envisioned plans for two additional ADUs, ideal for expanding income potential or creating a multi-generational living setup. The first planned ADU is a thoughtfully designed one-bedroom layout of approximately 459 square feet, maximizing livability with modern efficiency. The second ADU features a one-bedroom, approximately 447-square-foot design with ocean views, providing an attractive premium rental or guest-use option.
Property Facts
| Price | $1,300,000 | Lot Size | 0.15 AC |
| Price Per Unit | $650,000 | Building Size | 1,952 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 5.69% | No. Stories | 1 |
| No. Units | 2 | Year Built/Renovated | 1928/1980 |
| Property Type | Multifamily | ||
| Zoning | r3 - Restricted Density Multiple Dwellings | ||
| Price | $1,300,000 |
| Price Per Unit | $650,000 |
| Sale Type | Investment |
| Cap Rate | 5.69% |
| No. Units | 2 |
| Property Type | Multifamily |
| Lot Size | 0.15 AC |
| Building Size | 1,952 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1928/1980 |
| Zoning | r3 - Restricted Density Multiple Dwellings |
Amenities
Unit Amenities
- Washer/Dryer
- Washer/Dryer Hookup
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | $3,000 | 889 |
| 3+2 | 1 | $3,000 | 1,063 |
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 075-0-070-160 | Improvements Assessment | $275,196 |
| Land Assessment | $758,763 | Total Assessment | $1,033,959 |
Property Taxes
Parcel Number
075-0-070-160
Land Assessment
$758,763
Improvements Assessment
$275,196
Total Assessment
$1,033,959
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Presented by
GT Property Management & Real Estate Investments
1729 E Ocean Ave
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