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335 W Simpson St 3 Unit Apartment Building $1,639,848 CAD ($546,616 CAD/Unit) Ventura, CA 93001
Investment Highlights
- Desirable unit mix including (1) 4BD/1BA, (1) 2BD/1BA, (1) spacious studio unit.
- 1 mile from the restaurants and bars along Main Street and 1.75 miles from Ventura’s iconic Surfers Point.
- New roof completed in 2024, along with fresh exterior paint, new water heater and a newly constructed staircase to the second floor in 2025.
Executive Summary
335 W Simpson St is a rare opportunity to acquire a well-located triplex offering a dependable stream of rental income in one of
Ventura’s downtown corridors poised for continued rental growth and long-term appreciation. The property spans two parcels totaling
5,373 SF and features a spacious front yard providing ample onsite parking, coin operated laundry for tenants, along with a one-car
garage currently used for storage. The site is comprised of a desirable unit mix including (1) 4BD/1BA, (1) 2BD/1BA, and (1) spacious
studio unit with a private yard. Unit A and C are currently eligible for rent increases. Recent improvements to the site include a new roof completed in 2024, along with fresh exterior paint, new water heater and a newly constructed staircase to the second floor in 2025.
Ventura’s downtown corridors poised for continued rental growth and long-term appreciation. The property spans two parcels totaling
5,373 SF and features a spacious front yard providing ample onsite parking, coin operated laundry for tenants, along with a one-car
garage currently used for storage. The site is comprised of a desirable unit mix including (1) 4BD/1BA, (1) 2BD/1BA, and (1) spacious
studio unit with a private yard. Unit A and C are currently eligible for rent increases. Recent improvements to the site include a new roof completed in 2024, along with fresh exterior paint, new water heater and a newly constructed staircase to the second floor in 2025.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $1,639,848 CAD | Building Class | C |
| Price Per Unit | $546,616 CAD | Lot Size | 0.13 AC |
| Sale Type | Investment | Building Size | 2,565 SF |
| Gross Rent Multiplier | 14.3 | Average Occupancy | 100% |
| No. Units | 3 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1962 |
| Property Subtype | Apartment | ||
| Zoning | R - Residential | ||
| Price | $1,639,848 CAD |
| Price Per Unit | $546,616 CAD |
| Sale Type | Investment |
| Gross Rent Multiplier | 14.3 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 2,565 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1962 |
| Zoning | R - Residential |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
Site Amenities
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+1 | 1 | $4,445 CAD | - |
| 2+1 | 1 | $3,111 CAD | - |
| Studios | 1 | $1,915 CAD | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
20/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $168,449 CAD | |
| Land Assessment | $407,833 CAD | Total Assessment | $576,282 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$407,833 CAD
Improvements Assessment
$168,449 CAD
Total Assessment
$576,282 CAD
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335 W Simpson St
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