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Key Details
Sold Price $1,355,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID V1-25513
Sold Date 10/09/24
Bedrooms 2
HOA Y/N No
Lot Size 4,791 Sqft
Property Description
The property has (2) 1-BD / 1 BA units (1943 & 1947 Channel Drive), and (1) studio unit (480 S Santa Cruz Street). With one vacant unit, this would be ideal for a buyer wishing to live in one unit and rent the others. Extensive renovations have been completed on interiors and property had a new roof and vinyl windows throughout installed (see Offering Memorandum ('OM') for renovation summary and photos), making this a completely turnkey investment. 1943 Channel Drive has its own laundry room and will be delivered vacant. The 1947 unit has laundry hookups located in the backyard, with a lease that runs thru 3/25 ($2,440/mo.). The studio unit, the former garage, is permitted, and has been leased since 2020 with monthly rent of $1,999. All three units have been upgraded (see OM), with each unit having its own backyard and the Channel Drive units benefitting from a fenced front yard.
The property has (2) 1-BD / 1 BA units (1943 & 1947 Channel Drive), and (1) studio unit (480 S Santa Cruz Street). With one vacant unit, this would be ideal for a buyer wishing to live in one unit and rent the others. Extensive renovations have been completed on interiors and property had a new roof and vinyl windows throughout installed (see Offering Memorandum ('OM') for renovation summary and photos), making this a completely turnkey investment. 1943 Channel Drive has its own laundry room and will be delivered vacant. The 1947 unit has laundry hookups located in the backyard, with a lease that runs thru 3/25 ($2,440/mo.). The studio unit, the former garage, is permitted, and has been leased since 2020 with monthly rent of $1,999. All three units have been upgraded (see OM), with each unit having its own backyard and the Channel Drive units benefitting from a fenced front yard.
Location
State CA
County Ventura
Area Ventura (93001)
Zoning Public Rec
Building
Lot Description Sidewalks
Lot Size Range 4000-7499 SF
Others
Acceptable Financing Cash
Listing Terms Cash
Financing Exchange
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Bought with Non Member • San Diego
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