6418 Hummingbird Street, Ventura, CA 93003

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Residential IncomeFor Sale

$2,100,000

6418 Hummingbird Street

Ventura, CA 93003

Listing Office: Apartment Investment Specialis

MLS: California Regional MLS (CRMLS)

Est. Mortgage

$10,940/mo

This property boasts a strong unit mix comprised of six two-bedroom, one-bathroom units and one two-bedroom, one-and-a-half bathroom unit. While the gross income of the property hovers around $150,000 annually, the unit rents vary, but the average is approximately $1,760 per month, leaving significant upside as legal rent increases are permitted. The financial metrics offered based on the asking pricing is a 13.9 GRM and a 4.6% cap rate. Along with the property benefitting with copper plumbing throughout, the seller has consistently maintained and renovated this property throughout his over 10-year ownership period, Those updates include new floors, kitchen countertops, and new bathroom fixtures as needed throughout.

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Information courtesy of Apartment Investment Specialis is subject to verification and is not guaranteed.

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