$1,100,000
$1,350,000
18.5%For more information regarding the value of a property, please contact us for a free consultation.
1260 Poli ST Ventura, CA 93001
9,265 Sqft Lot
Key Details
Sold Price $1,100,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Ventura: Other - 0024
MLS Listing ID V0-219012486
Sold Date 01/17/20
Construction Status Additions/Alterations,Fixer
HOA Y/N No
Year Built 1961
Lot Size 9,265 Sqft
Acres 0.2127
Property Description
Rare 4 plex on Ventura hillside with wide open OCEAN AND ISLANDS views! Great investment potential. Property has deferred maintenance. One unit is very rough and another needs updating. Back 2 units are in good condition. Property has been in this family for 40 years or more. Very nice views, close to Down town, close to the beach - the best of all worlds! Property is very close to Cemetery Park. Ample parking. Carport in back is a potential garage. Seller lives out of area, please allow time to present offers. This is a diamond in the rough! With TLC it can be FABULOUS! One building with all four units running the length of the lot. Beautiful view from the front unit. This is an opportunity to develop and own a 4 unit building in an excellent location with a beautiful view, access to down town, access to the beach and be 30 minutes from Santa Barbara - 70 miles from Los Angeles! NOTHING ELSE COMPARES!!!! Property is owned by a trust and is being sold in ''as is'' condition.Trustee is out of state - please allow time for seller to respond to offer. Rents are low due to long term tenants and recent vacancy. Property needs upgrading. After which monthly rent should increase to $8,300 and annual income to $99,600.
Location
State CA
County Ventura
Zoning DR
Rooms
Ensuite Laundry None
Interior
Laundry Location None
Heating Wall Furnace
Cooling None
Flooring Carpet, Tile
Fireplace No
Appliance Disposal, Gas Oven, Range
Laundry None
Exterior
Garage Attached Carport, Covered
Carport Spaces 4
Community Features Park
Utilities Available Sewer Connected, Water Connected
View Y/N Yes
View Ocean, Water
Roof Type Flat
Parking Type Attached Carport, Covered
Total Parking Spaces 4
Private Pool No
Building
Lot Description Irregular Lot, Level, Near Park
Faces North
Story 1
Entry Level One
Foundation Combination, Raised, Slab
Sewer Public Sewer
Water Public
Architectural Style Contemporary
Level or Stories One
New Construction No
Construction Status Additions/Alterations,Fixer
Others
Senior Community No
Tax ID 0730062040
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Special Listing Condition Standard
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Bought with Stephanie Lukas • Century 21 Everest