MarketPier

1260 Poli Street - Ventura, CA 93001

$1,350,000
Listing Description

Rare 4 plex on Ventura hillside with wide open OCEAN AND ISLANDS views! Great investment potential. Property has deferred maintenance. One unit is very rough and another needs updating. Back 2 units are in good condition. Property has been in this family for 40 years or more. Very nice views, close to Down town, close to the beach - the best of all worlds! Property is very close to Cemetery Park. Ample parking. Carport in back is a potential garage. Seller lives out of area, please allow time to present offers. This is a diamond in the rough! With TLC it can be FABULOUS! One building with all four units running the length of the lot. Beautiful view from the front unit. This is an opportunity to develop and own a 4 unit building in an excellent location with a beautiful view, access to down town, access to the beach and be 30 minutes from Santa Barbara - 70 miles from Los Angeles! NOTHING ELSE COMPARES!!!! Property is owned by a trust and is being sold in ''as is'' condition.Trustee is out of state - please allow time for seller to respond to offer. Rents are low due to long term tenants and recent vacancy. Property needs upgrading. After which monthly rent should increase to $8,300 and annual income to $99,600.

Listing Information
MLS Number
219012486
APN/Parcel ID
0730062040
Type
Multifamily
Sub Type
Multifamily
Lot Size
9,265 sqft
No Units
4
Price / Unit
$337,500
Rent Multiplier
63
Listing Date
10/9/2019
Days Active
10
Last Updated
10/20/2019
Listing Provided By
James Wick
Helen Yunker Realty
BRE# 00860294

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