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57 E Center St 6 Unit Apartment Building Offered at $1,595,000 at a 6.17% Cap Rate Ventura, CA 93001
Investment Highlights
- Prime West Ventura Location – Minutes from the beach, Ventura Blvd shops, restaurants, and coastal amenities.
- Renovated Front House – New stainless steel appliances and new front yard landscaping.
- Strong In-Place Income – $10,400/month gross rental income.
- Fully Tenant Occupied – Immediate income with stabilized occupancy.
Executive Summary
3 unit residential complex offered for sale in west Ventura with prime location just minutes from the beach and the shops and restaurants of the N. Ventura Ave. commercial corridor. This 7,405 sq. ft. lot consists of a one-story 3 Bed, 2 Bath house and a two-story duplex containing two 3 Bed, 2.5 Bath units. The detached house is currently occupied and has recently been fully renovated to feature brand new stainless steel appliances and new landscaping in the front yard, currently bringing $4,000 per month. Roofs over all structures were replaced in 2023. Both units in the rear duplex are currently tenant occupied as well and rent for $3,250 per month and $3,150 per month, respectively. Duplex units each include a one-car garage with individual laundry hookups. Owner pays for water and sewer and tenants pay for electricity, gas, and trash; there are 3 electricity meters, 3 gas meters, and 1 water meter.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$124,800
|
$34.01
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$124,800
|
$34.01
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$26,317
|
$7.17
|
| Net Operating Income |
$98,483
|
$26.83
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $124,800 |
| Annual Per SF | $34.01 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $124,800 |
| Annual Per SF | $34.01 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $26,317 |
| Annual Per SF | $7.17 |
| Net Operating Income | |
|---|---|
| Annual | $98,483 |
| Annual Per SF | $26.83 |
Property Facts
| Price | $1,595,000 | Apartment Style | Low-Rise |
| Price Per Unit | $265,833 | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 3,670 SF |
| Cap Rate | 6.17% | Average Occupancy | 100% |
| Gross Rent Multiplier | 12.7 | No. Stories | 2 |
| No. Units | 6 | Year Built/Renovated | 1987/2024 |
| Property Type | Multifamily | Parking Ratio | 0.82/1,000 SF |
| Zoning | R3 | ||
| Price | $1,595,000 |
| Price Per Unit | $265,833 |
| Sale Type | Investment |
| Cap Rate | 6.17% |
| Gross Rent Multiplier | 12.7 |
| No. Units | 6 |
| Property Type | Multifamily |
| Apartment Style | Low-Rise |
| Lot Size | 0.17 AC |
| Building Size | 3,670 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1987/2024 |
| Parking Ratio | 0.82/1,000 SF |
| Zoning | R3 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 1 | $4,000 | - |
| 3+2.5 | 2 | $3,150 | - |
| 3+2 | 3 | $3,250 | - |
1 1
Walk Score®
Very Walkable (85)
Property Taxes
| Parcel Number | 071-0-072-210 | Improvements Assessment | $408,000 |
| Land Assessment | $1,071,000 | Total Assessment | $1,479,000 |
Property Taxes
Parcel Number
071-0-072-210
Land Assessment
$1,071,000
Improvements Assessment
$408,000
Total Assessment
$1,479,000
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57 E Center St
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