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140 E A Street

Port Hueneme, CA 93041
  • $1,295,000
  • STATUS: Active Under Contract
  • ON SITE: 15 Days
  • MLS #: V1-10021
Under Contract
$1,295,000
  • 0
    BEDS
  • 0.18
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1963
County:

School Ratings & Info

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


Description

This property, located on a very quiet and well-kept street, is less than one mile from the beach and port area. An obvious pride-of-ownership individually- metered (electrical & gas) 4-Plex with all large (935 sq. ft.) two-bedroom / one-bathroom units that include laundry hook-ups and individual closet water-heaters, most of which have upgraded kitchens with quartz counter tops, new sink and cabinets and new unit flooring, with the building incorporating seller upgrades of the stairway wood steps and railing and all-wood unit balconies to metal railings and concrete block steps. The major and most costly building components, including the roof, plumbing and electrical systems, appear to be in average-to-good condition. Tenant composition follows: Unit 1 tenant moved into that unit in May of this year and pays a monthly rent of $1,750; the rent could be increased 10% based on CPI statistics and in compliance with AB-1482, the statewide rent control, to $1,925/month. The unit 2 tenant, which currently pays a monthly rent of $1,525. has been occupying that unit for approximately 10 years; seller will be raising the monthly rent to $1,675 effective April 1st. The tenant in unit 3 is expected to vacate that unit the first of January; given the very tight rental market, it is expected that unit will likely be re-leased to a new tenant by sometime in February with a projected market rent of $2,095. The tenant in unit 4, which is currently paying a monthly rent of $1,675, moved into that unit October 15, 2016. The seller will be giving this tenant a 10% rent increase notice that will increase the rent for that unit up to $1,825 per month effective April 1st.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-01-19T00:25:45.64. 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 ERA CARLILE Realty Group. Licensed in the State of California, USA.
www.carlilerealty.com/homes/124403009
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140 E A Street Port Hueneme, CA 93041

  • Price: $1,295,000
  • Status: Active Under Contract
  • On Site: 15 Days
  • MLS #: V1-10021
0
Beds
0
Baths
0
½ Baths
0.18
Acres
1963
Built
Neighborhood:
Not Applicable
County:
Ventura
Property Description
This property, located on a very quiet and well-kept street, is less than one mile from the beach and port area. An obvious pride-of-ownership individually- metered (electrical & gas) 4-Plex with all large (935 sq. ft.) two-bedroom / one-bathroom units that include laundry hook-ups and individual closet water-heaters, most of which have upgraded kitchens with quartz counter tops, new sink and cabinets and new unit flooring, with the building incorporating seller upgrades of the stairway wood steps and railing and all-wood unit balconies to metal railings and concrete block steps. The major and most costly building components, including the roof, plumbing and electrical systems, appear to be in average-to-good condition. Tenant composition follows: Unit 1 tenant moved into that unit in May of this year and pays a monthly rent of $1,750; the rent could be increased 10% based on CPI statistics and in compliance with AB-1482, the statewide rent control, to $1,925/month. The unit 2 tenant, which currently pays a monthly rent of $1,525. has been occupying that unit for approximately 10 years; seller will be raising the monthly rent to $1,675 effective April 1st. The tenant in unit 3 is expected to vacate that unit the first of January; given the very tight rental market, it is expected that unit will likely be re-leased to a new tenant by sometime in February with a projected market rent of $2,095. The tenant in unit 4, which is currently paying a monthly rent of $1,675, moved into that unit October 15, 2016. The seller will be giving this tenant a 10% rent increase notice that will increase the rent for that unit up to $1,825 per month effective April 1st.
Exterior Features

Carport YN Yes Fencing Wood Lot Features Sprinklers None Number Of Separate Electric Meters 4 Parking Features Carport Parking Total 12 Pool Features None Pool Private YN No Property Attached YN No Spa Features None Spa YN No View None View YN No

Interior Features

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 Community Features ParkStreet LightsSidewalks Electric Expense 1230 Garage YN No Gross Income 87600 Gross Scheduled Income 87600 Insurance Expense 2000 Land Lease YN No Laundry Features None Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan Net Operating Income 52560 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Operating Expense 35040 Rent Control YN No Senior Community YN No Special Listing Conditions Standard Trash Expense 1230 Water Sewer Expense 3500



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-01-19T00:25:45.64. 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 ERA CARLILE Realty Group. Licensed in the State of California, USA.
 
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ERA CARLILE Realty Group
1860 Howe Avenue, Suite 100
Sacramento CA, 95825
Listing Agent(s): Craig Lieberman of Ais Property Management Services ((805) 687-5557)