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    637 Sheridan Way Ventura, CA 93001

    Sponsored
    For Sale
    $999,000

    Prime Westside Ventura location; Approved plans.

    Property size:
    5,580 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a substantially completed 10-unit apartment building development project in Ventura, California. Located at 637 Sheridan Way, this property boasts an approved development plan (pending finalization) for a 5,580 square foot building on a spacious 12,500 square foot lot. Currently, a 3-bedroom, 1-bathroom house sits on the site, providing immediate income potential while development plans are finalized. The asking price is $999,000, translating to $179.03 per square foot. This prime Westside Ventura location offers unparalleled convenience, with close proximity to downtown Ventura's vibrant shops, restaurants, entertainment venues, parks, schools, and art galleries. The property's strategic location also benefits from easy access to major transportation arteries, including the 101 Freeway and Highway 33, placing it ideally between Santa Barbara and Los Angeles Counties. This is a rare chance to acquire a multifamily development project in a highly desirable area with strong potential for significant returns. The approved plans offer a streamlined path to completion, making this an attractive proposition for experienced developers and investors seeking a turnkey project in a thriving California market. Don't miss this opportunity to capitalize on the growing demand for housing in Ventura's Westside community.

    Property Features for 637 Sheridan Way

    General Information

    Property type
    Multifamily properties
    Square Feet
    5,580 SF

    HighLights

    • $999,000 asking price.
    • Multifamily apartment building.
    • 5,580 square feet.
    • $179.03 per square foot.
    • 12,500 square foot lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Ventura
    County
    Ventura
    State
    California
    Longitude
    -119.3045012
    Latitude
    34.2902416

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    FAQs

    What type of property is this?
    Multifamily property - Prime Westside Ventura location; Approved plans.
    Where is this multifamily property located?
    The property is located at 637 Sheridan Way Ventura, CA.
    What is the asking price?
    The asking price for this property is $999,000.
    What are key features of this property?
    This property features: $999,000 asking price.; Multifamily apartment building.; 5,580 square feet.
    Request Owner's contact information
    637 Sheridan Way Ventura, CA 93001
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    637 Sheridan Way Ventura, CA 93001
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