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511 N 5th St 2 Unit Apartment Building $1,691,797 CAD ($845,899 CAD/Unit) Port Hueneme, CA 93041



Investment Highlights
- Unique street-to-street triplex located within 1 mile of Port Hueneme Beach
- Separate meters for gas, electricity, & water. Tenants pay all utilities
- laundry hookups and separate yard spaces
- Detached 2BD/1BA home w/ garage and duplex with (2) 1BD/1BA units plus single-car garages
- Low turnover market place with strong tenant demand from nearby Naval Base, Port, and agricultural industry
Executive Summary
511 N. 5th St presents a rare opportunity for both an investor or an owner-user to acquire a triplex in the sought-after coastal community of Port Hueneme. Situated on a street-to-street lot, the property features a detached 2BD/1BA home plus garage and a separately accessed duplex composed of 1BD/1BA units each with single car garages. Each dwelling is equipped with its own separate gas, electricity, and water meter greatly reducing the expense load for an owner. Per 2022 appraisal front house measures 936 SF and each unit of duplex is 702 SF (Buyer to verify). Tenants pay all utilities including trash. Each unit also has laundry hookups.
The property is conveniently located approximately one mile from Port Hueneme Beach and Pier and attracts a diverse range of tenants from the nearby Naval Base, employees of the Port of Hueneme, and the region’s surrounding agricultural workforce while benefiting from being situated in an extremely low turnover coastal marketplace. The unique attributes of this property which includes 2 detached structures, garage spaces, laundry hookups, separately metered utilities and separate yard spaces make this attractive for both investors and owner users.
The property is conveniently located approximately one mile from Port Hueneme Beach and Pier and attracts a diverse range of tenants from the nearby Naval Base, employees of the Port of Hueneme, and the region’s surrounding agricultural workforce while benefiting from being situated in an extremely low turnover coastal marketplace. The unique attributes of this property which includes 2 detached structures, garage spaces, laundry hookups, separately metered utilities and separate yard spaces make this attractive for both investors and owner users.
Property Facts
| Price | $1,691,797 CAD | Building Class | C |
| Price Per Unit | $845,899 CAD | Lot Size | 0.24 AC |
| Sale Type | Investment | Building Size | 2,341 SF |
| No. Units | 2 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1956 |
| Property Subtype | Apartment | Parking Ratio | 1.28/1,000 SF |
| Zoning | R3 | ||
| Price | $1,691,797 CAD |
| Price Per Unit | $845,899 CAD |
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 2,341 SF |
| No. Stories | 1 |
| Year Built | 1956 |
| Parking Ratio | 1.28/1,000 SF |
| Zoning | R3 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | $2,962 CAD | 702 |
| 1+1 | 1 | $3,079 CAD | 702 |
1 1
Fairly walkable
40/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 207-0-130-085 | Improvements Assessment | $419,784 CAD |
| Land Assessment | $795,380 CAD | Total Assessment | $1,215,164 CAD |
Property Taxes
Parcel Number
207-0-130-085
Land Assessment
$795,380 CAD
Improvements Assessment
$419,784 CAD
Total Assessment
$1,215,164 CAD
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511 N 5th St
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