Sold
Closed
3574 Preble Avenue
Ventura CA, 93003
$9,800,000
$391.94 per sqft
Sold
Closed
25,004 sqft
Residential
Built in 1962
Listed by Nicholas Henry with Beachside Partners (805) 705-7311
Value-add 38 unit apartment building opportunity for only $267k/unit in the low turnover sale marketplace of city of Ventura. 14.1 GRM, 4.4% CAP on actual and 11.0 GRM, 6.3% CAP on market rents. Tradewinds Apartments is set on a .89 acre lot w/ garage parking, pool and laundry room. Convenient location near Pacific View Mall & Lowes, Community Memorial Hospital, Ventura College, Ventura Harbor and local beaches plus easy access to both the 101 and 126 freeways. Unit mix consists of (1) 3BD/1BA, (4) 2BD/1BA, (18)1BD/1BA and (15) studios. Utilities sep metered for electric and gas and (2) 100 gallon water heaters service building. Major upside in rental rates. Available reports include: General inspection, termite, roof and sewer lateral. OFFER DUE DATE AUG 4th @ 12PM
V1-19141
MLSⓇ ID
July 20, 2023
Listed
October 11, 2024
Updated
Map
3574 Preble Avenue
Ventura CA, 93003
Interior Features
Total Stories
2
Appliances
Gas Oven, Refrigerator
Laundry Description
Laundry Room
Fireplace
No
Fireplace Description
None
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Wall Furnace
Exterior/Building Features
Lot Size
0.89 Acres
Lot Features
Sprinklers None
Other Property Details
Days on Market
18
Garage
Yes
Garage Spaces
38
Parking
Garage
Parking Total
38
View
No
View Description
None
County
Ventura
Pool
Yes
Pool Features
In Ground
Listing History
Date | Event | Price |
|---|---|---|
12/22/2023 | Price change | $9,800,000 -3% |
12/22/2023 | Sold | $9,800,000 |
9/1/2023 | Pending | — |
8/15/2023 | Under contract | — |
Listing Contact: (805) 453-5097
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 10/11/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 10/11/2024 at 4:40 PM UTC