57 N Ann St, Ventura, CA 93001

(20) 1BD/1BA unit value add apartment building in beautiful downtown Ventura 1 block north of Main Street. Central, secure front door entry with 3 stories accessed by elevator w/ partial ocean views from 2nd and 3rd floors. Potential to add additional unit by converting unused community room (approximately 350 SF with kitchen) on first floor. 10 tuck-under carport spaces that may offer ADU conversion potential + 3 uncovered parking spaces at rear. 5.0% cap, 12.2 GRM on current rents. Current rental rates are below market offering excellent upside opportunity for the astute investor. Location does not get much better with tenants being able to walk to shopping, eating, dining and entertainment options on Main Street along with parks, schools, beaches