2016-2020 E Main St
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2016-2020 E Main St
4,195 SF 100% Leased Retail Building Ventura, CA 93001 £1,029,903 (£246/SF) 7.51% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Always occupied, on a main street. A signalized location.
- Very walkable, Less than a mile from the beach.
- SELLER'S LENDER IS WILLING TO LEND TO A QUALIFIED BUYER
- popular area for dining and shopping, and popular Sunday farmer's market.
EXECUTIVE SUMMARY
MAJOR PRICE IMPROVEMENT- signalized location with heavy traffic count. WALK TO THE BEACH-FULLY occupied. There are total of 6 tenant and 1 billboard .......2 residential units in the back building.... 2 retail on the first flor and 2 businesses on the second floor, in the front building All on leases with extensions in place. Older but solid building with zero to minimal management requirement. Fast developing stretch of the E. Main-mid town Ventura. East Main street has a walk Score of 90 out of 100. This location is a Walkers Paradise so daily errands do not require a car. All relevant documents will be provided to the buyer only after an offer is excepted.
Special, financing offered, through the current lender TO A QUALIFIED BUYER. This gem is near parks including Ocean Avenue Park,San Buenaventura State Beach and Plaza Park. Bike score for this location is 78 out of 100-biking is convenient for most trips. Transit score is 30 A few nearby public transportation options available. Commuting to Downtown Ventura by car, 5 min. By bus 10 min. by bicycle 9 min. and by foot 30 min. All thriving businesses on the property. Hard to keep vacant. The asset has 6 rental units in two separate buildings. Front building has 2 store fronts retails on Main St, and two offices upstairs. The back building has 2 apartments 2+1 each. Buyer to do their own independent study as to lot size building size, Property lines, number of bedrooms, baths or the rental units, and satisfy self. Asset is a 'cash cow' The tenant turnover, is almost zero. Long time, and established tenants.
The ownership would appreciate if you stay with clients throughout the visit and respect the businesses in regards to their hours. We need to coordinate with ALL tenants to make sure, that your visit with your buyer goes as smooth as possible. Asset is a 'cash cow' Long time, and stablished tenants. Someone representing the owner will be available once a completed, and verified agent info is presented, and viable offer is submitted. Agents please refrain from speaking to anyone in any space. Thank you. Showings are only with accepted offer.
FOR QUICKER RESPONSE, PLEASE TEXT ME AT (818)618-4407
Special, financing offered, through the current lender TO A QUALIFIED BUYER. This gem is near parks including Ocean Avenue Park,San Buenaventura State Beach and Plaza Park. Bike score for this location is 78 out of 100-biking is convenient for most trips. Transit score is 30 A few nearby public transportation options available. Commuting to Downtown Ventura by car, 5 min. By bus 10 min. by bicycle 9 min. and by foot 30 min. All thriving businesses on the property. Hard to keep vacant. The asset has 6 rental units in two separate buildings. Front building has 2 store fronts retails on Main St, and two offices upstairs. The back building has 2 apartments 2+1 each. Buyer to do their own independent study as to lot size building size, Property lines, number of bedrooms, baths or the rental units, and satisfy self. Asset is a 'cash cow' The tenant turnover, is almost zero. Long time, and established tenants.
The ownership would appreciate if you stay with clients throughout the visit and respect the businesses in regards to their hours. We need to coordinate with ALL tenants to make sure, that your visit with your buyer goes as smooth as possible. Asset is a 'cash cow' Long time, and stablished tenants. Someone representing the owner will be available once a completed, and verified agent info is presented, and viable offer is submitted. Agents please refrain from speaking to anyone in any space. Thank you. Showings are only with accepted offer.
FOR QUICKER RESPONSE, PLEASE TEXT ME AT (818)618-4407
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
4,195 SF
Building Class
B
Year Built
1927
Price
£1,029,903
Price Per SF
£246
Net Initial Yield
7.51%
NOI
£77,304
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Slab to Slab
11 ft
Building FAR
1.07
Lot Size
0.09 AC
Zoning
C1 - zoned commercial and buyer would need to do due diligence with city to see all types of uses.
Frontage
30 ft on E Main St
AMENITIES
- Signage
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Bill L.
- Construction
-
99,999 SF
-
$9.99
-
Lorem Ipsum
- -
- Clemente Bakery
- Retailer
-
99,999 SF
-
$9.99
-
Lorem Ipsum
- -
- Erika M.
- -
-
99,999 SF
-
$9.99
- -
- -
- Island Girl
- Retailer
-
99,999 SF
-
$9.99
-
Lorem Ipsum
- -
- Ventura Music Center
- Retailer
-
99,999 SF
-
$9.99
-
Lorem Ipsum
- -
- Wendy B.
- -
-
99,999 SF
-
$9.99
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Bill L. | Construction | 99,999 SF | $9.99 | Lorem Ipsum | - | |
| Clemente Bakery | Retailer | 99,999 SF | $9.99 | Lorem Ipsum | - | |
| Erika M. | - | 99,999 SF | $9.99 | - | - | |
| Island Girl | Retailer | 99,999 SF | $9.99 | Lorem Ipsum | - | |
| Ventura Music Center | Retailer | 99,999 SF | $9.99 | Lorem Ipsum | - | |
| Wendy B. | - | 99,999 SF | $9.99 | - | - |
Walk Score®
Walker's Paradise (90)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 073-0-203-020 | Total Assessment | £688,746 (2024) |
| Land Assessment | £107,760 (2024) | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £580,985 (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
073-0-203-020
Land Assessment
£107,760 (2024)
Improvements Assessment
£580,985 (2024)
Total Assessment
£688,746 (2024)
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2025
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2016-2020 E Main St
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