Ventura, CA 93001 684 N Ventura Avenue

684 N Ventura Avenue Ventura, CA - Image 1684 N Ventura Avenue Ventura, CA - Image 2684 N Ventura Avenue Ventura, CA - Image 3
Presented By: Eric Gignoux with Western Hotel Brokers, Inc; 805 452-2880
  • California Regional MLS (CRMLS) - 25 - CA
  • MLS# SC24193355
  • 09/17/2024
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Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
  • SQFT • 3,780

Home Details

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.
Presented By: Eric Gignoux with Western Hotel Brokers, Inc; 805 452-2880

Interior Features for 684 N Ventura Avenue

Other Interior Features

LivingAreaSourceAssessor
Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesNone
Total Stories1

Other Rooms

Entry Level1

General for 684 N Ventura Avenue

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Business TypeRetail, StandAlone
Carport Y/NNo
CityVentura
CountyVentura
Current UseInvestment
DirectionsHead north on S Oak St toward E Main Stm Turn left onto Poli St, Continue onto Cedar St, Turn left onto E Prospect St, Turn right onto N Ventura Ave
Electric On Property Y/NNo
Garage Y/NNo
HOANo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, CashToNewLoan, Exchange1031
Lot Size Square Feet4791.0
Lot Size UnitsSquareFeet
MLS AreaVTU - Ventura
MobileHomeRemainsYNNo
New ConstructionNo
Number Of Units Total4
Number of Units Leased4
Occupancy TypeTenant
Property Attached Y/NNo
Property Sub Type AdditionalRetail
Property SubtypeRetail
Property TypeCommercialSale
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tax Annual Amount9717.84
Tax Year2023
UtilitiesElectricityConnected, WaterConnected
Waterfront Y/NNo
Year Built1925
Year Built SourceAssessor

Exterior for 684 N Ventura Avenue

Building Area Total3780.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesCornerLot, Paved, StreetLevel
Lot Size Acres0.11
Lot Size Area4791.0
Lot Size SourceAssessor
Number of Buildings1
Open Parking Y/NNo
Private PoolNo
SpaNo
Water SourcePublic

Additional Details

Price History

Hal Schlegel

Broker Associate
Price $1,489,000
MLS#SC24193355
List Date 09/17/2024
Property Type Commercial
Phone 714.742.6515
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Request Info
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