Listing provided courtesy of Craig Lieberman of Apartment Investment Specialis. Last updated 2024-11-28 09:11:52.000000. Listing information © 2024 Sandicor.
Asking Price: $2,100,000
6418 Hummingbird, Ventura CA 93003
Community:
This property was built in 1973 and is priced at $2,100,000. Please see the additional details below.
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.
