0 Baths

$2,100,000

1881 Ocean Avenue, Ventura CA, 93001

Price per sqftN/A

Built in1965

Property typeResidential

Bought with Craig Lieberman with Apartment Investment Specialis and Listed by Craig Lieberman CA DRE# 00682741 with Apartment Investment Specialis [email protected]

Overview

Sold

Closed

Listed Mar 15, 2024

Updated Jun 19

Just a bit over one mile away from the coastal water this multifamily property includes a two-story building that encompasses seven 800 square-foot two-bedroom, one-bathroom units. Built in 1965, the property provides its tenants with the privacy and security of one-car garages that are always coveted by tenant communities, and, for tenant convenience, there is a coin-operated washer-dryer room. With minimal low-maintenance decorative landscaping and a newly painted building, this property offers a handsome curb appeal.As a property that reflects under-market rents throughout, there remains a significant upside in rents and, therefore, value. In fact, there remains a 40% upside in that respect, and more when considering what upgraded units would fetch. As with all residential income properties (excluding those covered by more strict ordinances in certain municipalities throughout the state), annual rent increases are controlled by the limits stipulated in the statewide rent control commonly referred to as AB-1482 that went into effect January 1, 2020 and 'sunsets' January 1, 2030 - those annual rent caps defined as 'the lesser of 10% and 5% + CPI'.

Additional information

MLS^® ID: V1-22454

Interior Features

Bathrooms: 0
Heating: Yes
Basement: No

Exterior Features

Lot Size: 0.33 Acres

Other Property Details

Garage: Yes
55+/Senior Community: No

Bought with Craig Lieberman with Apartment Investment Specialis and Listed by Craig Lieberman CA DRE# 00682741 with Apartment Investment Specialis [email protected]

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 6/19/2026. 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.

Data last updated on 6/19/2026 at 2:26 PM UTC Last Checked: 2:26 PM UTC