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    OFF-MARKET
    Mixed-use properties

    162 N Ventura Rd, Port Hueneme, CA 93041

    Built 1947
    Entity Owned 5-yr Hold
    Property ID
    US10-1523922
    Property summary
    AI-generated overview

    Mixed-Use Office & Retail | Adaptive Use It will be available September 2027, I am seeking long-term at lease 5-10 years. his building has been Christian Church for almost 2 decades. Before the church, there were, Surf Shop, Carpets Store, Hardware Store, Grocery store since 1947. This property was one of those designated to be rezoned from C-1 (General Commercial) to (R-4) Mixed- Use Residential. “The City is also updating the R-4 standards to ensure all of the existing uses development currently allowed in theC-1 zone will continued to be allowed in the R-4 zone to avoid negatively impacting eh development currently on your property”. “What this means to you” With to rezoning of your property, you will be able to continue to enjoy the current development standards of the C-1 zone. However, you will also now to be able to redevelop your property. should you choose to, with high-density residential uses instead of, or in addition to general commercial uses. Giving the state’s priority for the development of new residential units, this may have the positive effect of making your appealable to a wider range of prospective buyers, should you ever choose to sell it”. Tony Stewart AICP Director of Community and Economic Development

    Property profile
    Verified
    Property type Mixed-use properties
    Year built 1947
    UPID US10-1523922
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    by Request
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    Blend (final) Blend
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    Owner & transaction history
    610 Westminster LLC · 5 yrs held
    610 Westminster LLC
    since 2021
    1 recorded transaction
    2021
    $950,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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