Closed

$9,800,000

3574 Preble Ave, Ventura, CA 93003

6beds

4baths

25,004sqft

Multi Family

Built in 1962

-- sqft lot

$2,233,500 Zestimate^®

$392/sqft

$3,504 Estimated rent

Home value

$2,233,500

$1.83M - $2.81M

$3,504/mo

Zestimate^® history

Owner options

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$3,504/mo

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$3,504/mo

Rent Zestimate^®

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$61,781/mo

Est. payment

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$61,781/mo

Est. payment

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What's special

Local beachesGarage parkingLaundry room

Value-add 38 unit apartment building opportunity for only $267k/unit in the low turnover sale marketplace of city of Ventura. 14.1 GRM, 4.4% CAP on actual and 11.0 GRM, 6.3% CAP on market rents. Tradewinds Apartments is set on a .89 acre lot w/ garage parking, pool and laundry room. Convenient location near Pacific View Mall & Lowes, Community Memorial Hospital, Ventura College, Ventura Harbor and local beaches plus easy access to both the 101 and 126 freeways. Unit mix consists of (1) 3BD/1BA, (4) 2BD/1BA, (18)1BD/1BA and (15) studios. Utilities sep metered for electric and gas and (2) 100 gallon water heaters service building. Major upside in rental rates. Available reports include: General inspection, termite, roof and sewer lateral. OFFER DUE DATE AUG 4th @ 12PM

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 4

Appliances

Laundry: Laundry Room

Features

Has fireplace: No

Interior area

Total interior livable area: 25,004 sqft

Property

Parking

Total spaces: 38
Parking features: Garage
Garage spaces: 38

Lot

Size: 0.57 Acres

Details

Parcel number: 0750284145
Zoning: Other

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Condition

Year built: 1962

Community & HOA

Location

Region: Ventura

Financial & listing details

Price per square foot: $392/sqft
Date on market: 7/19/2023
Cumulative days on market: 26 days
Listing terms: Ctnl
Total actual rent: 59854

Price history

Date	Event	Price
12/22/2023	Sold	$9,800,000-3%$392/sqft
Source: SBMLS #23-2132 Report a problem
9/1/2023	Pending sale	$10,100,000$404/sqft
Source: CRMLS #V1-19141 Report a problem
8/15/2023	Contingent	$10,100,000$404/sqft
Source: CRMLS #V1-19141 Report a problem
8/15/2023	Pending sale	$10,100,000$404/sqft
Source: SBMLS #23-2132 Report a problem
7/19/2023	Listed for sale	$10,100,000$404/sqft
Source: SBMLS #23-2132 Report a problem
5/7/2020	Listing removed	$1,495
Source: Cochrane Property Management, Inc. Report a problem
4/3/2020	Price change	$1,495-3.5%
Source: Cochrane Property Management, Inc. Report a problem
3/21/2020	Listed for rent	$1,550
Source: Cochrane Property Management, Inc. Report a problem