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140 E A Street

Port Hueneme, CA 93041
  • $1,295,000
  • STATUS: Pending
  • ON SITE: 24 Days
  • ID#: V1-10021
Pending
$1,295,000
  • 0
    BEDS
  • 0.18
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1963
County:

School Ratings & Info

Description

This property, located on a very quiet and well-kept street, is less than one mile from the beach and port area. An obvious pride-of-ownership individually- metered (electrical & gas) 4-Plex with all large (935 sq. ft.) two-bedroom / one-bathroom units that include laundry hook-ups and individual closet water-heaters, most of which have upgraded kitchens with quartz counter tops, new sink and cabinets and new unit flooring, with the building incorporating seller upgrades of the stairway wood steps and railing and all-wood unit balconies to metal railings and concrete block steps. The major and most costly building components, including the roof, plumbing and electrical systems, appear to be in average-to-good condition. Tenant composition follows: Unit 1 tenant moved into that unit in May of this year and pays a monthly rent of $1,750; the rent could be increased 10% based on CPI statistics and in compliance with AB-1482, the statewide rent control, to $1,925/month. The unit 2 tenant, which currently pays a monthly rent of $1,525. has been occupying that unit for approximately 10 years; seller will be raising the monthly rent to $1,675 effective April 1st. The tenant in unit 3 is expected to vacate that unit the first of January; given the very tight rental market, it is expected that unit will likely be re-leased to a new tenant by sometime in February with a projected market rent of $2,095. The tenant in unit 4, which is currently paying a monthly rent of $1,675, moved into that unit October 15, 2016. The seller will be giving this tenant a 10% rent increase notice that will increase the rent for that unit up to $1,825 per month effective April 1st.

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Based on information from CRISNet MLS as of 2022-01-27T23:56:03.437. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

Based on information from the i-Tech MLS as of 2022-01-27T23:56:03.437. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.lahomedeals.com/homes/124405371
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140 E A Street Port Hueneme, CA 93041

  • Price: $1,295,000
  • Status: Pending
  • On Site: 24 Days
  • ID#: V1-10021
0
Beds
0
Baths
0
½ Baths
0.18
Acres
1963
Built
Neighborhood:
Not Applicable
County:
Ventura
Property Description
This property, located on a very quiet and well-kept street, is less than one mile from the beach and port area. An obvious pride-of-ownership individually- metered (electrical & gas) 4-Plex with all large (935 sq. ft.) two-bedroom / one-bathroom units that include laundry hook-ups and individual closet water-heaters, most of which have upgraded kitchens with quartz counter tops, new sink and cabinets and new unit flooring, with the building incorporating seller upgrades of the stairway wood steps and railing and all-wood unit balconies to metal railings and concrete block steps. The major and most costly building components, including the roof, plumbing and electrical systems, appear to be in average-to-good condition. Tenant composition follows: Unit 1 tenant moved into that unit in May of this year and pays a monthly rent of $1,750; the rent could be increased 10% based on CPI statistics and in compliance with AB-1482, the statewide rent control, to $1,925/month. The unit 2 tenant, which currently pays a monthly rent of $1,525. has been occupying that unit for approximately 10 years; seller will be raising the monthly rent to $1,675 effective April 1st. The tenant in unit 3 is expected to vacate that unit the first of January; given the very tight rental market, it is expected that unit will likely be re-leased to a new tenant by sometime in February with a projected market rent of $2,095. The tenant in unit 4, which is currently paying a monthly rent of $1,675, moved into that unit October 15, 2016. The seller will be giving this tenant a 10% rent increase notice that will increase the rent for that unit up to $1,825 per month effective April 1st.
Exterior Features

Fence YN Yes Fencing Wood Lot Features Sprinklers None Lot Size Area 7745.0000 Parking Features Carport Parking Total 12.00 Parking YN Yes View None View YN No

Interior Features

Appliances None Appliances YN No Common Walls No Common Walls Cooling None Cooling YN No Fireplace Features None Fireplace YN No Heating Wall Furnace Heating YN Yes Laundry Features None Laundry YN No

Property Features

Association Fee 0.00 Community Features ParkSidewalksStreet Lights Land Lease YN No Pool Features None Pool Private YN No Property Attached YN No Senior Community YN No Spa Features None Spa YN No Special Listing Conditions Standard

Listing provided courtesy of Craig Lieberman, CA DRE# 00682741, of Ais Property Management Services.


Based on information from CRISNet MLS as of 2022-01-27T23:56:03.437. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

Based on information from the i-Tech MLS as of 2022-01-27T23:56:03.437. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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3512 Magnolia Blvd
Burbank CA, 91505