Skip To Content

128 E B Street

Port Hueneme, CA 93041
  • $800,000
  • STATUS: Closed
  • ON SITE: 83 Days
  • ID#: V1-13687
Sold - 09/27/2022
$800,000
SOLD - 09/27/2022
  • 0
    BEDS
  • 0.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1962
County:

School Ratings & Info

Listing Agent(s): Craig Lieberman of Ais Property Management Services ((805) 687-5557)


Description

All four units of this property include two-bedroom, one-bathroom units that incorporates approximately 812 square feet each (3,248 square feet). All four units are rented for $900 per month, because there have been no significant upgrades, and the seller has not pushed rents accordingly. Consequently, the purchaser would be expected to upgrade/update the entire property to put the property condition to a certain level that would generate market rents. That renovation would require the purchaser to vacate the property to complete the necessary property improvement. According to the statewide rent control adopted in 2021, the new owner would be required to pay each tenant vacated a relocation assistance fee of at least one-month rent amount. Once the property is upgraded, the new rents are projected to be at least $2,200, or 145% higher than the existing rents.

Sold by Craig Lieberman of Ais Property Management Services.

Monthly Payment Calculator



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-10-05T10:29:36.767. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Beach City Brokers | BCB Premier Estates | The Miller Group. Licensed in the State of California, USA.
www.tolivebythesea.com/homes/130848014
Print Image

128 E B Street Port Hueneme, CA 93041

  • Price: $950,000
  • Status: Closed
  • On Site: 83 Days
  • Updated: 50 min ago
  • ID#: V1-13687
0
Beds
0
Baths
0
½ Baths
0.12
Acres
1962
Built
Neighborhood:
Not Applicable
County:
Ventura
Area:
VC33 - Oxnard - Southwest / Port Huenem
Property Description
All four units of this property include two-bedroom, one-bathroom units that incorporates approximately 812 square feet each (3,248 square feet). All four units are rented for $900 per month, because there have been no significant upgrades, and the seller has not pushed rents accordingly. Consequently, the purchaser would be expected to upgrade/update the entire property to put the property condition to a certain level that would generate market rents. That renovation would require the purchaser to vacate the property to complete the necessary property improvement. According to the statewide rent control adopted in 2021, the new owner would be required to pay each tenant vacated a relocation assistance fee of at least one-month rent amount. Once the property is upgraded, the new rents are projected to be at least $2,200, or 145% higher than the existing rents.
Exterior Features

Carport Spaces 4 Carport YN Yes Fencing Average Condition Lot Features Sprinklers None Number Of Separate Electric Meters 4 Parking Total 7 Pool Features None Pool Private YN No Property Attached YN No Spa Features None Spa YN No View None View YN No

Interior Features

Appliances Gas Oven Common Walls No Common Walls Cooling None Cooling YN No Fireplace Features None Fireplace YN No Heating Wall Furnace Heating YN Yes

Property Features

Association Fee 0 Buyer Financing Cash To New Loan Community Features Street LightsSidewalks Garage YN No Gross Income 43200 Gross Scheduled Income 43200 Insurance Expense 2283 Land Lease YN No Laundry Features None Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash To New Loan Net Operating Income 21200 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Operating Expense 22000 Rent Control YN No Senior Community YN No Special Listing Conditions Standard Trash Expense 1536 Water Sewer Expense 2283



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-10-05T10:29:36.767. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Beach City Brokers | BCB Premier Estates | The Miller Group. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_369335697-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_369335697-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_369335697-1.jpg
Logo
Beach City Brokers | BCB Premier Estates | The Miller Group
1716 South Catalina Avenue
Redondo Beach CA, 90277
Listing Agent(s): Craig Lieberman of Ais Property Management Services ((805) 687-5557)