Sold
for $1,305,000
on 11/7/23
Great downtown Ventura multi-family investment property at 4.74 proforma cap rate. 2 single family houses on one lot in excellent condition with upscale finishes throughout! These magnificent units, built in 2006 are in arguably the best location in Ventura, within very close proximity to the beach and downtown Main St., and represent an amazing value at $563/SF and less than $700,000 per house! 962 Poinsettia Place (front house) is a 2 bdrm, 2.5 bath, approximately 1350 SF stand-alone home with hillside views and a large finished 2 car garage and laundry room, spacious private rear patio, balcony with views, and front yard area. The unit is currently vacant. 968 Poinsettia Place (rear house) is a 2 bdrm, 2.5 bath, approx. 1012 SF stand-alone home with a balcony with hillside views, patio, and a large finished 2 car garage and laundry area. The unit is currently tenant occupied. Both units are light and bright with high caliber workmanship, featuring gorgeous kitchens with travertine flooring, under cabinet lighting, stylish granite counters & tiled backsplash, stained solid wood cabinetry, stainless appliances, and recessed lighting. Other features include tankless water heaters, solid wood doors throughout, soaring ceilings in bedrooms with walk in closet in primary bedroom, and spacious bathrooms which include granite counters with dual sinks, and ceramic tile floors. Floor plans consist of the entry foyer on the ground floor with laundry area and garage. 2nd floor has the living room, kitchen, dining area, and 1/2 bath. Upper level consists of 2 bedrooms and 2 bathrooms. Large shared outdoor areas and off-street parking. The adjacent property at 963-969 E. Santa Clara St with identical houses are available for a total of 4 outstanding single-family homes on 2 contiguous parcels on Poinsettia and Santa Clara. The two MLS numbers are V1-17862 and V1-17872. This offering represents an incredible opportunity to acquire either 2 or 4 homes near downtown and the beach. Live in one of the units and rent the other(s). Other options include wonderful investment property, vacation rentals, or possible family compound.
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