Triplex Ventura 154 El Medio St 3 Unit Apartment Building $1,802,252 CAD ($600,751 CAD/Unit) Ventura, CA 93001

Well maintained 1990 triplex located just off Ventura Avenue, offering a strong investment profile with three spacious 3 bed/2 bath units. Units 150 and 152 are positioned within a two story front structure, while Unit 154 occupies a single story rear building. The property is in good overall condition, with Unit 154 recently updated with new flooring, interior paint, upgraded door hardware, and modern light fixtures.
Current Section 8 rents are as follows: Unit 150 at $3,100, Unit 152 at $2,850, and Unit 154 at $2,800, for a total monthly income of $8,750, or approximately $105,000 annually. This property has very little in operating expenses with units individually metered for gas and electric, equating to an annual expense operating budget of only $6,730 annually
The detached garage at the rear of the parcel is currently unused. While there is no assurance that the existing structure can be converted into a one or two story ADU, the option may exist to remove the current building and construct a new ADU in its place, with the potential to extend the concrete driveway to provide dedicated parking for the new unit. Buyers are advised to conduct their own due diligence with the appropriate agencies to determine feasibility and potential for any such value add development.