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Listed by Tammie Coulter, DRE #01877954 • eXp Realty
$ 2,150,000
Est. payment /mo
Active
65 , 67, 71 , 73 College DR Ventura, CA 93003
0.26 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family, Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRV1-38566
Style Traditional
Year Built 1954
Lot Size 0.260 Acres
Source California Regional MLS
Property Description
Rare Four-Unit Income Opportunity on an 11,325 SF Lot in the Heart of Ventura!Discover an exceptional opportunity offering flexibility, income potential, and long-term value. Whether you're looking to live in one unit while offsetting your housing costs with rental income, expand your investment portfolio, or create a multigenerational living setup, 65-73 College Drive offers possibilities that are hard to find.The property offers a projected cap rate of approximately 6.3%, based on projected rents and currently identified operating expenses. It features an updated front duplex along with two detached ADUs completed in 2022, for a total of four separate residences offering 7 bedrooms and 6 bathrooms combined.The front duplex includes one 1-bedroom/1-bath unit and one 2-bedroom/1-bath unit, along with an attached two-car garage and a spacious shared patio area. Unit #65 features dual-pane windows, ceiling fans, an open kitchen with a tile backsplash and breakfast bar, plus an updated bathroom with tile flooring, recessed lighting, a tiled walk-in shower, and a newer water heater.The two detached ADUs, Units #71 and #73, were built in 2022 and each feature 2 bedrooms and 2 bathrooms. Both offer thoughtfully designed open floor plans with vaulted ceilings, recessed lighting, dual-pa
Location
State CA
County Ventura
Rooms
Kitchen Microwave, Other, Oven Range - Gas, Refrigerator, Oven - Gas
Interior
Heating Wall Furnace
Cooling None
Flooring Laminate
Laundry Gas Hookup, In Garage, 30, Other
Exterior
Parking Features Garage, Off-Street Parking, Other
Garage Spaces 6.0
Pool 31, None
View 30
Roof Type Composition
Building
Story One Story
Foundation Raised
Water District - Public
Architectural Style Traditional
Others
Tax ID 0790020060
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