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367 Wall St

8 Unit Block of Flats £1,698,521 (£212,315/Unit) Ventura, CA 93001

Investment Highlights

  • Low Maintenance

Executive Summary

This could be your bread and butter! Very Clean two four unit buildings on one parcel. 6 1 bedroom 1 bath units and two 2 bedroom 1 bath units. Windows have been replaced, very low maintenance property. Plenty of parking. Possible spot for additional ADU. Buyer to investigate and confirm. 1031 exchange for the sellers and they will cooperate with a buyers 1031. Seller will not be difficult to cooperate with. Drive by only. Call for information. Attached is the Rent roll for review. current gross income is $164,100 a year. Seller pays water, trash and sewer. Property has been managed professionally. All units are rented and never hardly vacancies!

Financial Summary (Actual - 2024)

Annual Annual Per SF
Gross Rental Income £129,475 £30.58
Other Income - -
Vacancy Loss - -
Effective Gross Income £129,475 £30.58
Taxes - -
Operating Expenses £26,037 £6.15
Total Expenses £26,037 £6.15
Net Operating Income £103,438 £24.43

Financial Summary (Actual - 2024)

Gross Rental Income
Annual £129,475
Annual Per SF £30.58
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual £129,475
Annual Per SF £30.58
Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual £26,037
Annual Per SF £6.15
Total Expenses
Annual £26,037
Annual Per SF £6.15
Net Operating Income
Annual £103,438
Annual Per SF £24.43

Property Facts

Price £1,698,521
Price Per Unit £212,315
Sale Type Investment
Sale Conditions 1031 Exchange
Gross Rent Multiplier 15
No. Units 8
Property Type Residential
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.24 AC
Building Size 4,234 SF
Number of Floors 2
Year Built 1948
Parking Ratio 3.31/1,000 SF

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
1+1 6 £1,418 500
2+1 2 £1,537 600
Walk Score ®
Very Walkable (87)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
071-0-154-040
Land Assessment
£224,057 (2023)
Improvements Assessment
£347,293 (2023)
Total Assessment
£571,350 (2023)
Annual Taxes
£0 (£0.00/sf)
Tax Year
2024

zoning

Zoning Code C2, Ventura (C2, Ventura - Multi family)
C2, Ventura (C2, Ventura - Multi family)
  • Listing ID: 32325393

  • Date on Market: 02/07/2024

  • Last Updated:

  • Address: 367 Wall St, Ventura, CA 93001

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