3574 Preble Avenue, Ventura, CA 93003

About this property

Value-add 38 unit apartment building opportunity for only $267k/unit in the low turnover sale marketplace of city of Ventura. 14.1 GRM, 4.4% CAP on actual and 11.0 GRM, 6.3% CAP on market rents. Tradewinds Apartments is set on a .89 acre lot w/ garage parking, pool and laundry room. Convenient location near Pacific View Mall & Lowes, Community Memorial Hospital, Ventura College, Ventura Harbor and local beaches plus easy access to both the 101 and 126 freeways. Unit mix consists of (1) 3BD/1BA, (4) 2BD/1BA, (18)1BD/1BA and (15) studios. Utilities sep metered for electric and gas and (2) 100 gallon water heaters service building. Major upside in rental rates. Available reports include: General inspection, termite, roof and sewer lateral. OFFER DUE DATE AUG 4th @ 12PM

Listing description from the December 2023 sale, as reported to CRMLS.

Sale history

$9,800,000

Sold December 2023 · listed $10,100,000, on market July 2023 · MLS #V1-19141 · Source: CRMLS

Listing Agent: Nicholas Henry · Listing Office: Beachside Partners · Contact: (805) 453-5097 · Bought with: Nicholas Henry · Beachside Partners

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