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    Property profile & analytics
    OFF-MARKET Estimated value $525,000
    Strip malls

    684 Ventura Ave, Ventura, CA 93001-1943

    3,780 SF 0.11 ac lot Built 1925
    Entity Owned 10-yr Hold ~ Est. High Equity
    Property ID
    US10-1473250
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 1925
    Total area 3,780 SF
    Lot 0.11 ac (4,791 SF)
    Zoning code C-2
    APN 071-0-071-010
    UPID US10-1473250
    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
    AI Approach AI
    $420k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $404k
    Blend (final) Blend
    $525k
    Owner & transaction history
    Praja LLC · 10 yrs held
    Praja LLC
    since 2016
    5 recorded transactions
    2016
    $762,500
    2013
    $460,000
    2010
    1999
    $200,000
    1998
    $175,000
    Zoning & alternative use
    C-2 · Ventura, CA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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