153 S Laurel St 3 Unit Apartment Building $2,022,025 CAD ($674,008 CAD/Unit) 6.82% Cap Rate Ventura, CA 93001

"Ocean Views With Capitalization Rate of 6.82% and A GRM of 12.8! Ocean Views With Capitalization Rate of 6.82% and a GRM of 12.80! *** Downtown Ventura Triplex with convenient access to beach and downtown Ventura *** Classic 1920s Craftsman duplex showcase of character boasts a significant part of the heritage and charm of coastal Ventura, with modern touches. *** Newer 2 bedroom 2 bath Mediterranean-style home with attached garage offers sweeping ocean and mountain views from its master bedroom and its upper-level deck***All units offer granite countertops, new tile and wood flooring and tiled bathrooms throughout. With a versatile layout and value-add potential of ADU conversion. Surrounded by luxury developments, this is a prime opportunity in a thriving neighborhood. unit mix: (1) 1 bed/1 bath rent = $2040 (rent increase 30 days after contingency removals), (1) 2 bed/1 bath- rent=$3155 (rent increase 30 days after contingency removals) , (1) 2 bed/2 bath- vacant - proforma rent= $4250 ** 7 additional off street parking spots on the property*** Tenants cover utilities & trash 1 Separate Water Meter, 2 Separate Gas Meters, 2 Separate Electric Meters *** Mills Act available for very low property taxes *** Owner can carry 2nd loan of $100,000.