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32035788
32035786

1053-1065 E Santa Clara St, Ventura, CA 93001

JT
CA # 01366169
Taksa Investment Group
RR
CA 01332831
Taksa Investment Group
Listed by Taksa Investment Group
$3,250,000
36 days on market
Updated 36 days ago

1053-1065 E Santa Clara St

Details
APN 073-0-058-250,073-0-058-260
Property Type Multifamily
Sub Type Apartment Building
Square Footage 6,384
Units 6
Cap Rate 3.28%
NOI $106,674
Occupancy 100%
Pro-Forma Cap Rate 4.40%
Pro-Forma NOI $143,106
Price per SqFt $509
Year Built 1906 & 1898
Buildings 2
Lot Size (SqFt) 20,908
Zoning T4.1
Investment Type Value Add
Ownership Fee Simple

1053-1065 E Santa Clara St, Ventura, CA 93001

Marketing description

The properties located at 1053-1065 E Santa Clara Street in Ventura, California present a rare opportunity to acquire two side-by-side investment assets in one of the city's most desirable and centrally located corridors. The improvements consist of four character-filled single-family homes and a newer duplex (circa 2010), for a total of six rental units generating an impressive $15,400 in monthly income. The diverse unit mix and various floor plans provide renters with multiple living options, enhancing tenant appeal and long-term occupancy stability. Set on a combined 20,908 square feet of land, the properties offer expansive outdoor areas that create a sense of space uncommon for in-town living, allowing residents to enjoy open air gathering areas and a more residential atmosphere.

Situated along E Santa Clara Street, the properties benefit from an exceptional Ventura location just minutes from vibrant Downtown Ventura, the Ventura Pier, and the beach. Residents enjoy convenient access to local dining, coffee shops, neighborhood retail, and everyday amenities, as well as proximity to parks, schools, and major transportation corridors including Highway 101. The walkability to nearby businesses and the ease of commuting make this an attractive setting for a broad tenant base seeking both lifestyle and convenience.

In addition to strong in-place income, the substantial land footprint and favorable zoning present compelling future redevelopment potential. The combined parcel size provides flexibility for an investor to explore value-add strategies, potential density enhancements, or long-term repositioning, all within a high-demand coastal market. 1053-1065 E Santa Clara Street offers an ideal blend of stable cash flow, tenant appeal, and meaningful upside in one of Ventura's most sought-after locations.

Investment highlights

  • Exceptional Ventura location at 1053-1065 E Santa Clara Street
  • Two side-by-side investment properties totaling six rental units
  • Four single family homes plus a newer duplex (circa 2010)
  • Strong in place income of $15,400 per month
  • Significant redevelopment potential supported by large land area and favorable zoning
  • Diverse floor plans offering broad tenant appeal
  • Expansive 20,908 square foot combined lot with generous outdoor space
  • Walkable to Downtown Ventura, shops, dining, parks, and minutes to the beach and Highway 101
  • virtual tour: https://tour.caimagemaker.com/Viewer/96.asp?ID=183925#VirtualTour

Listing Contacts

JT
CA # 01366169
Taksa Investment Group
RR
CA 01332831
Taksa Investment Group
Listed by Taksa Investment Group

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$106,674.00
$8,889.50/mo

Valuation Metrics

0
DSCR
3.28%
Cap Rate
3.28%
ROI

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Additional Information

Name
Jonathan Taksa
License
# 01366169
Brokerage
RE/MAX Commercial
Title
Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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