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511 N 5th St
Port Hueneme, CA 93041
Multifamily Property For Sale
·
3 Units
Investment Highlights
- Street-to-street lot provides access from both 5th Street and 4th Place.
- Separate gas, electric, and water meters support efficient operations.
- Located approximately one mile from Port Hueneme Beach and Pier.
- Detached residence and duplex create a diversified unit configuration.
- Garage parking, laundry hookups, and private yard areas enhance resident appeal.
- Near Naval Base Ventura County and the Port of Hueneme employment centers.
Executive Summary
511 N. 5th St presents a rare opportunity for both an investor or an owner-user to acquire a triplex in the sought-after coastal community of Port Hueneme. Situated on a street-to-street lot, the property features a detached 2BD/1BA home plus garage and a separately accessed duplex composed of 1BD/1BA units each with single car garages. Each dwelling is equipped with its own separate gas, electricity, and water meter greatly reducing the expense load for an owner. Per 2022 appraisal front house measures 936 SF and each unit of duplex is 702 SF (Buyer to verify). Tenants pay all utilities including trash. Each unit also has laundry hookups.
The property is conveniently located approximately one mile from Port Hueneme Beach and Pier and attracts a diverse range of tenants from the nearby Naval Base, employees of the Port of Hueneme, and the region’s surrounding agricultural workforce while benefiting from being situated in an extremely low turnover coastal marketplace. The unique attributes of this property which includes 2 detached structures, garage spaces, laundry hookups, separately metered utilities and separate yard spaces make this attractive for both investors and owner users.
The property is conveniently located approximately one mile from Port Hueneme Beach and Pier and attracts a diverse range of tenants from the nearby Naval Base, employees of the Port of Hueneme, and the region’s surrounding agricultural workforce while benefiting from being situated in an extremely low turnover coastal marketplace. The unique attributes of this property which includes 2 detached structures, garage spaces, laundry hookups, separately metered utilities and separate yard spaces make this attractive for both investors and owner users.
Property Facts
| Price Per Unit | $398,333 | Lot Size | 0.24 AC |
| Sale Type | Investment | Building Size | 2,344 SF |
| No. Units | 3 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1956 |
| Property Subtype | Apartment | Parking Ratio | 1.28/1,000 SF |
| Building Class | C | ||
| Zoning | R-3 - Multiple Family | ||
| Price Per Unit | $398,333 |
| Sale Type | Investment |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 2,344 SF |
| No. Stories | 1 |
| Year Built | 1956 |
| Parking Ratio | 1.28/1,000 SF |
| Zoning | R-3 - Multiple Family |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | $2,092 | 702 |
| 2+1 | 1 | $2,538 | 936 |
Property Taxes
| Parcel Number | 207-0-130-085 | Improvements Assessment | $302,444 |
| Land Assessment | $573,052 | Total Assessment | $875,496 |
Property Taxes
Parcel Number
207-0-130-085
Land Assessment
$573,052
Improvements Assessment
$302,444
Total Assessment
$875,496
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