15 N Dos Caminos Ave - Apartments FOR SALE


Ventura, CA 93003
$2,495,000 USD
707-332-5204
15 N Dos Caminos Ave, Ventura, CA for Sale
$2,495,000 USD
Apartments - FOR SALE
1/20
null | 5.25% Cap Rate

15 N Dos Caminos Ave
Ventura, CA 93003


HIGHLIGHTS

  • 6 completely renovated units, including two brand new ADUs.
  • Renovations include new stainless steel appliances, quartz counter tops, wood-laminate flooring, and custom tiled bathrooms
  • On-site laundry and both ADUs have washer/dryer hookups
  • Ventura County is subject to state rent control, which under AB 1482 currently allows owner 8.8% rent increases
  • Excellent location walking distance to Community Memorial Hospital (1,200 employees) & Ventura County Medical Hospital (500 employees)
  • Minutes from Ventura College (11,000 students), the beach, downtown Ventura, Trader Joe's, and Target

OVERVIEW

This fully renovated property features six updated units, including two brand-new ADUs. Upgrades include stainless steel appliances, quartz countertops, wood-laminate flooring, and custom-tiled bathrooms. On-site laundry is available, with washer/dryer hookups in both ADUs. Located in a prime Ventura location, the property is just minutes from Community Memorial Hospital (1,200 employees) and Ventura County Medical Hospital (500 employees). Ventura College, with an enrollment of 11,000 students, is only a mile away. Residents also enjoy easy access to Trader Joe’s, Target, Downtown Ventura, and the beach—all within a short drive. Ventura County is subject to state rent control under AB 1482, currently allowing annual rent increases of up to 8.8%. With an ongoing shortage of workforce housing, rental demand remains exceptionally strong, making this a highly desirable investment opportunity.

FOR SALE DETAILS

PRICE

$2,495,000 USD

PRICE/SF

$671 USD /SF

# OF UNITS

6

PRICE/UNIT

$415,833

CAP RATE

5.25%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1951

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,868 SF

ZONING

R-3

APN/PARCEL ID

077-0-033-180

ASK ABOUT THIS PROPERTY

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707-332-5204

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Tyler FarrarKW Commercial Beverly HillsMore Info
707-332-5204

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