57 N Ann Street, Ventura CA, 93001

Active

57 N Ann Street

Ventura CA, 93001

$5,195,000

Active

Residential

Built in 1972

Listed by Nicholas Henry with Beachside Partners (805) 705-7311

Rare opportunity to acquire midsize apartment building in beautiful downtown Ventura 1 block north of Main Street. 57 NorthAnn Street, comprised of (20) 1BD units, features a central secure front door entry leading to 3 stories accessed by elevatorwith partial ocean views from the 2nd and 3rd floors. Potential to add additional unit by converting unused community room(approximately 350 SF with kitchen) on first floor. There are 10 tuck-under carport spaces that may offer ADU conversionpotential for additional units plus 3 uncovered parking spaces at rear. Owner pays water/sewer, trash and hot water whiletenants pay their own electricity and gas. There are 2 coin-operated laundry rooms. Current rental rates are below marketoffering excellent upside opportunity for the astute investor. Location does not get much better with tenants being able to walkto shopping, eating, dining and entertainment options on Main Street along with parks, schools, beaches.**5.0% CAP rate, 12.2 GRM on current rents w/ rental rate upside subject to AB1482**

V1-25646

MLSⓇ ID

September 9, 2024

Listed

September 9, 2024

Updated

Map

57 N Ann Street
Ventura CA, 93001

Interior Features

Total Stories: 2
Interior Features: Elevator
Appliances: Gas Oven
Laundry Description: Common Area
Fireplace: No
Fireplace Description: None
Cooling: No
Cooling Description: None
Heating: Yes
Heating Description: Wall Furnace

Exterior/Building Features

Lot Size: 0.38 Acres
Lot Features: Sprinklers None

Other Property Details

Area Name: VTU - Ventura
Garage: No
Parking: Assigned
Parking Total: 13
View: Yes
County: Ventura
Pool: No
Pool Features: None

Listing Contact: (805) 453-5097

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 9/9/2024. 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.

Data last updated on 9/9/2024 at 6:12 PM UTC