401-433 W Ramona St
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401-433 W Ramona St
17 Unit Apartment Building $12,898,977 CAD ($758,763 CAD/Unit) 6.89% Cap Rate Ventura, CA 93001
Investment Highlights
- Carports and 2 Garages.
- Wood like Laminate flooring
Executive Summary
Great Investment opportunity in Ventura County close to hwy 33 and 101. Spacious 17 Townhomes with washer and dryer hook ups. Close to the beach and downtown Ventura.
Financial Summary (Pro forma - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$1,137,732
|
$54.18
|
| Other Income |
$72,291
|
$3.44
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$1,210,023
|
$57.62
|
| Taxes |
$155,922
|
$7.42
|
| Operating Expenses |
$165,872
|
$7.90
|
| Total Expenses |
$321,794
|
$15.32
|
| Net Operating Income |
$888,229
|
$42.30
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $1,137,732 |
| Annual Per SF | $54.18 |
| Other Income (CAD) | |
|---|---|
| Annual | $72,291 |
| Annual Per SF | $3.44 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $1,210,023 |
| Annual Per SF | $57.62 |
| Taxes (CAD) | |
|---|---|
| Annual | $155,922 |
| Annual Per SF | $7.42 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $165,872 |
| Annual Per SF | $7.90 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $321,794 |
| Annual Per SF | $15.32 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $888,229 |
| Annual Per SF | $42.30 |
Property Facts
| Price | $12,898,977 CAD | Apartment Style | Low Rise |
| Price Per Unit | $758,763 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.82 AC |
| Cap Rate | 6.89% | Building Size | 21,000 SF |
| Sale Conditions | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 17 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1972 |
| Property Subtype | Apartment | Parking Ratio | 1.24/1,000 SF |
| Price | $12,898,977 CAD |
| Price Per Unit | $758,763 CAD |
| Sale Type | Investment |
| Cap Rate | 6.89% |
| Sale Conditions | 1031 Exchange |
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.82 AC |
| Building Size | 21,000 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1972 |
| Parking Ratio | 1.24/1,000 SF |
Unit Amenities
- Cable Ready
- Washer/Dryer Hookup
- Kitchen
- Range
- Tub/Shower
- Carpet
- Double Pane Windows
Site Amenities
- 24 Hour Access
- Property Manager on Site
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 4 | $5,379 CAD | 1,150 |
| 4+2 | 13 | $5,858 CAD | 1,300 |
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Bike Score ®
Very Bikeable (70)
PROPERTY TAXES
| Parcel Number | 071-0-010-490 | Total Assessment | $5,259,782 CAD (2023) |
| Land Assessment | $1,582,585 CAD (2023) | Annual Taxes | $155,922 CAD ($7.42 CAD/SF) |
| Improvements Assessment | $3,677,196 CAD (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
071-0-010-490
Land Assessment
$1,582,585 CAD (2023)
Improvements Assessment
$3,677,196 CAD (2023)
Total Assessment
$5,259,782 CAD (2023)
Annual Taxes
$155,922 CAD ($7.42 CAD/SF)
Tax Year
2024
zoning
| Zoning Code | R3-5, Ventura |
| R3-5, Ventura |
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401-433 W Ramona St
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