6418 Hummingbird, Ventura CA 93003 | $2,100,000
Listing provided courtesy of Craig Lieberman of Apartment Investment Specialis. Last updated 2024-11-26 09:11:19.000000. Listing information © 2024 SANDICOR.
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.
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0.18 Acres
