684 Ventura AveVentura, CA 93001

Property Details for 684 Ventura Ave

Year built

1925

Lot size

0.11 AC

Property size (Sq ft)

3,780 SF

Zone code

C-2

Property type

Retail properties

Property subtype

Strip malls

APN

071-0-071-010

APU

710071010

Description

This exceptional investment opportunity presents a four-unit, free-standing retail building situated on a 0.11-acre lot at 684 Ventura Avenue in Ventura, California. The 3,780 square foot building, originally constructed in 1925, is zoned C2, allowing for a variety of commercial uses. Currently boasting 100% occupancy with long-term tenants, this property offers immediate and consistent cash flow. The existing leases provide a stable income stream, however, current rental rates are below market value, presenting a significant opportunity for increased profitability through strategic rent adjustments. This translates to substantial upside potential for investors seeking to maximize returns by aligning rents with current market trends. The property's prime location within a thriving market ensures long-term value appreciation and sustained income generation. This is an ideal investment for those seeking a blend of immediate returns and future growth potential in a desirable Ventura location. The building's history and established tenant base provide a solid foundation for a secure and profitable investment.

Location Insight

City

Ventura

County

Ventura

State

California

Latitude

34.2894

Longitude

-119.298

CBSA code

37100

CBSA name

OXNARD-THOUSAND OAKS-VENTURA, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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