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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Schools
Interior
Appliances
None
Cooling
None
Fireplace Features
None
Heating
Wall Furnace
Exterior
Community Features
Sidewalks, Street Lights
Fencing
Wood
Garage Spaces
7.00
Lot Features
Sprinklers None
Parking Features
Garage
Parking Spots
7.00
Pool Features
None
Spa Features
None
View
None
Financial
Association Fee
0.00
Map
Community
- Address6418 Hummingbird Street Ventura CA
- SubdivisionMontalvo Heights – 0262
- CityVentura
- CountyVentura
- Zip Code93003
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Courtesy of Apartment Investment Specialis. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. California Regional Multiple Listing Service. All rights reserved.
6418 Hummingbird Street
Ventura, CA
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