Jeff Terwilliger

Broker/President
SVR Commercial

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Commercial Multi-Family
For Sale
1829 Ocean Ave, Ventura, California 93001
$2,900,000
.6 Acres
Value-add 7 Unit multifamily property! All 2-bedroom, 1 bath units. Each unit is approximately 780 sq. ft. and comes with individual washer/dryer hookups and a detached, fully enclosed, one car garage. Tenant pays for all utilities including water. 3 units have undergone extensive renovations, with rents reflecting improvements. Property stays fully occupied year-round to provide a sound investment with significant upside potential should buyer continue with renovation program. This over-sized property lot boasts near 26,000 sq. ft., much larger than nearby property lots, offering excellent future development potential. • Just a short 1.4 mile bike ride or nice brisk walk away from San Buenaventura State Beach. • An even shorter 0.9 miles away from public beach access (shown on page 5) or take it a step further from there and take a 0.4 mile stroll along the bike/jogging trail that will lead you to the Ventura pier where you can grab a cocktail and some fish tacos from the highly rated Beach House Fish restaurant or enjoy catching your own dinner off the public fishing pier. • Property is centrally located between all of the restaurants, beach shops, schools/colleges, hospitals, and large retailers. With more to come during the ongoing Downtown Ventura Development project. • In downtown Ventura, you get a wide range of lifestyles, from beach life to sophisticated artistic culture, nestled beneath hillsides and just off the sandy shores of the Pacific Ocean, Downtown Ventura has something for everyone
12/17/2019 4:32:15 PM   4/24/2020 6:58:50 PM
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