100-108 W Pleasant Valley Rd - Apartments FOR SALE


Port Hueneme, CA 93041
$2,000,000 USD
818-298-8810
100-108 W Pleasant Valley Rd, Port Hueneme, CA for Sale
$2,000,000 USD
Apartments - FOR SALE
1/15
null | 6.07% Cap Rate

100-108 W Pleasant Valley Rd
Port Hueneme, CA 93041


HIGHLIGHTS

  • Mixed Use Property with 11 single-unit residential units and 1 large retail space
  • Features 80 feet of frontage on Pleasant Valley Road, Port Hueneme, CA
  • Located one block from the Port Hueneme Entrance Gate, the only deep-water port between Los Angeles and San Francisco
  • The port is Navycontrolled, positioned as a key trade hub specializing in automobile and agricultural imports and exports
  • Significant Upside in the Residential Units
  • Potential Owner-User Opportunity with the Retail Space

OVERVIEW

We are pleased to present a rare mixed-use property consisting of 11 single unit residential units and 1 large retail property with 80 feet of frontage on Pleasant Valley Road in Port Hueneme, California. The property is well located just one block away from the Port Hueneme Entrance Gate. The Port of Hueneme is the only deepwater port between the Port of Los Angeles and the Port of San Francisco, and the only Navy-controlled harbor between San Diego Bay and Puget Sound, Washington. This makes the port an extremely important and vital trade port specializing in automobile and agricultural Import and Export. The 11 single unit residential units have significant room for rental growth as the demand for single occupancy units continues to rise and is generally in great demand being so close to the port. The retail portion, which is approximately 1,900 square feet use to be a bar before it was occupied by a recreational cannabis business called Emerald Perspective. Emerald Perspective has spent a considerable amount on Tenant Improvements and enjoys great reviews and a following on Google and Yelp Reviews. This mixed-use property represents a unique investment opportunity, balancing the steady cash flow of residential units with the added value of a commercial retail space, perfect for an investor or potential owner-user. NOTE: Property size has been taken from CoStar and is not verified by Buyer or Seller. Property year built is an approximation and not verified by Broker or Seller.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$319 USD /SF

# OF UNITS

11

PRICE/UNIT

$181,818

CAP RATE

6.07%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential, Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

C2

APN/PARCEL ID

206-0-031-140

ASK ABOUT THIS PROPERTY

Kirk GarabedianKW CommercialMore Info
818-298-8810

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Kirk GarabedianKW CommercialMore Info
818-298-8810

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.