6418 Hummingbird Street
Ventura, CA, 93003
$2,100,000
Beds
0 Baths
SqFt
0.18 Acres
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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.

Property Details

Price:
$2,100,000
MLS #:
V1-26685
Status:
Active
Baths:
0
Address:
6418 Hummingbird Street
Type:
Residential Income
Subdivision:
Montalvo Heights – 0262
City:
Ventura
Listed Date:
Nov 11, 2024
State:
CA
ZIP:
93003
Lot Size:
7,840 sqft / 0.18 acres (approx)
Year Built:
1973
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6418 Hummingbird Street
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