6418 Hummingbird ST Ventura, CA 93003
Active
$2,100,000
7 Units
14 Beds
8 Baths
n/a Area(sq.ft.)
7,840 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| 0 | 0 | $ 0 | $ 0 | $ 0 |
| MLS #: | V1-26685VC |
| Days On Market: | 0 |
| County: | Ventura County |
| Property Type: | Residential Income |
| Price per unit: | $ 300,000 |
| Year Built: | 1973 |
Property Details
This property boasts a strong unit mix comprised of six two-bedroom, one-bathroom units and one two-bedroom, one-and-a-half bathroom unit. While the gross income of the property hovers around $150,000 annually, the unit rents vary, but the average is approximately $1,760 per month, leaving significant upside as legal rent increases are permitted. The financial metrics offered based on the asking pricing is a 13.9 GRM and a 4.6% cap rate. Along with the property benefitting with copper plumbing throughout, the seller has consistently maintained and renovated this property throughout his over 10-year ownership period, Those updates include new floors, kitchen countertops, and new bathroom fixtures as needed throughout.Interested in this Listing?
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Income Details
| Rent Control: | False |
| Total Annual Expense: | $ 49,883 |
| Net Operating Income: | $ 96,443 |
Structure
| Community Features: | Sidewalks, Street Lights |
| View Description: | None |
Land & Parking
| Land Lease Type: | Fee |
| Parking Garage: | Garage |
Interior
| Cooking Appliances: | None |
| AC/Cooling: | None |
| Equipment: | None, Room |
| Heating: | Wall |
| Fireplace Rooms: | None |
| Laundry: | Room |
Exterior
| Pool: | No |
| Spa: | No |
Detailed Map
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Income
