Active Under Contract
732 E Santa Clara St Ventura, CA 93001
$6,250,000
38 beds
0 baths
14,000 sq ft

Courtesy of James Capital Advisors, Inc. 424-325-2604

Contact Me to Learn More

Laura Alice Scaturro

Laura Alice Scaturro

Founder

DRE# 01942167

Property Description

We are pleased to present this turnkey investment opportunity located in the heart of downtown Ventura. The opportunity provides a rare chance to own in the best area of the city walkable to many restaurants & retail. In the past 4 years, the property has been fully renovated from top to bottom with all units redone. The buildings compromise of 36 total units and the mix consisting of eighteen (18) single room occupancy (SRO) units, fourteen (14) bachelor / 1 bath units, two (2) large bachelor / 1 bath units, and two (2) 2 bed / 1 bath units. The 18 SRO units share six common area bathrooms. Four of the bathrooms include a toilet and sink and two bathrooms include a shower, toilet and sink. Throughout Covid-19, the ownership has received 100% rent collection. Apartment inventory is very low in Ventura so this opportunity provides a chance to break into one of the best areas of the city. The city of Ventura also allows short term rentals allowing for much higher rents and flexibility. Tenant amenities include on-site laundry (4 dryers / 4 washers), a garden and a greenhouse in the back of the property.

Property Details & Features

Year Built

  • 1925

Appliances and Equipment

  • Dryer
  • Washer

Bathrooms

  • 24.00 total bathrooms

Bedrooms

  • 38 total bedrooms

House

  • 14,000 sq ft
  • Built in 1925

Disclosures

  • None

Garage

  • 4 total garage spaces
  • Garage

Laundry

  • Laundry Area

Listing

  • ListDate: 2021-07-20
  • PricePerSqFt: $446
  • 134 days on market

Location

  • County: Ventura
  • ListingArea: California St. to Mills Rd

Lot

  • LotAcreage: 0.3444
  • LotSizeArea: 15,000

Miscellaneous

  • None

Parking

  • TotalParking: 4

Pool

  • PoolYN: False
  • None

Property

  • NumberOfUnits: 36
  • Zoning: DC
  • Updated/Remodeled

Spa

  • Has spa
  • None

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