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100-108 W Pleasant Valley Rd

11 Unit Apartment Building $2,834,940 CAD ($257,722 CAD/Unit) 6.07% Cap Rate Port Hueneme, CA 93041

Investment Highlights

  • Mixed Use Property with 11 single-unit residential units and 1 large retail space
  • Located one block from the Port Hueneme Entrance Gate, the only deep-water port between Los Angeles and San Francisco
  • Significant Upside in the Residential Units
  • Features 80 feet of frontage on Pleasant Valley Road, Port Hueneme, CA
  • The port is Navycontrolled, positioned as a key trade hub specializing in automobile and agricultural imports and exports
  • Potential Owner-User Opportunity with the Retail Space

Executive Summary

We are pleased to present a rare mixed-use property consisting of 11 single unit residential units and 1 large retail property with 80 feet of frontage on Pleasant Valley Road in Port Hueneme, California. The property is well located just one block away from the Port Hueneme Entrance Gate. The Port of Hueneme is the only deepwater port between the Port of Los Angeles and the Port of San Francisco, and the only Navy-controlled harbor between San Diego Bay and Puget Sound, Washington. This makes the port an extremely important and vital trade port specializing in automobile and agricultural Import and Export.
The 11 single unit residential units have significant room for rental growth as the demand for single occupancy units continues to rise and is generally in great demand being so close to the port. The retail portion, which is approximately 1,900 square feet use to be a bar before it was occupied by a recreational cannabis business called Emerald Perspective. Emerald Perspective has spent a considerable amount on Tenant Improvements and enjoys great reviews and a following on Google and Yelp Reviews.
This mixed-use property represents a unique investment opportunity, balancing the steady cash flow of residential units with the added value of a commercial retail space, perfect for an investor or potential owner-user.

NOTE: Property size has been taken from CoStar and is not verified by Buyer or Seller. Property year built is an approximation and not verified by Broker or Seller.

Property Facts In Escrow

Price $2,834,940 CAD
Price Per Unit $257,722 CAD
Sale Type Investment
Cap Rate 6.07%
Gross Rent Multiplier 10.38
No. Units 11
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
  • Office Office Residential
  • Multifamily Dormitory
Apartment Style Low Rise
Building Class C
Lot Size 0.21 AC
Building Size 6,262 SF
Average Occupancy 100%
No. Stories 2
Year Built 1960
Parking Ratio 2.56/1,000 SF
Cross Streets Ponoma St

Unit Amenities

  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower
  • Freezer

Site Amenities

  • 24 Hour Access
  • Tenant Controlled HVAC
  • Walk-Up
  • Smoke Detector

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
206-0-031-140
Land Assessment
$180,273 CAD
Improvements Assessment
$2,056,324 CAD
Total Assessment
$2,236,597 CAD

zoning

Zoning Code C2
C2
  • Listing ID: 33722130

  • Date on Market: 2024-11-01

  • Last Updated:

  • Address: 100-108 W Pleasant Valley Rd, Port Hueneme, CA 93041

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