684 N Ventura Avenue, Ventura CA, 93001

Active

684 N Ventura Avenue

Ventura CA, 93001

$1,489,000

$393.92 per sqft

Active

3,780 sqft

Commercial

Built in 1925

Listed by Eric Gignoux with Western Hotel Brokers, Inc 805 452-2880

This unique offering presents a 4-unit, free-standing retail building located in the heart of Ventura. Originally constructed in 1925, the property is zoned C2, providing a range of commercial uses. Situated in a prime location, this building boasts long-term tenants, creating a rare investment opportunity with consistent cash flow.

With 100% occupancy, the property has a solid history of tenant retention and lease stability, offering immediate income for potential investors. However, with current rents below market value, there is significant upside potential for investors to capitalize on rent adjustments, aligning the property with current market trends.

This property presents an exciting opportunity for investors seeking long-term value appreciation, steady cash flow, and the potential to enhance returns by optimizing rent structures. The location of this property is key and positioned in a growing market, making it an ideal investment for sustained income and value appreciation.

SC24193355

MLSⓇ ID

September 17, 2024

Listed

October 17, 2024

Updated

Map

684 N Ventura Avenue
Ventura CA, 93001

Interior Features

Total Stories: 1
Laundry Description: None
Fireplace: No
Cooling: No
Heating: No

Exterior/Building Features

Lot Size: 0.11 Acres
Lot Features: Corner Lot, Paved, Street Level

Other Property Details

Area Name: VTU - Ventura
Taxes: $9,718
Tax Frequency: Annually
Garage: No
View: No
County: Ventura
Water Source: Public
Pool: No

Listing Contact: 805-807-1782

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 10/17/2024. 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 10/17/2024 at 1:22 PM UTC