Address
432 E Clara Street Port Hueneme, CA
Price
$ 1,650,000
Property Attributes
  • MLS#SR20179188
  • TypeContingent
  • CountyVENTURA
  • CityPort Hueneme
  • AreaPort Hueneme
  • NeighborhoodHueneme Bay 4
  • Zip93041
  • Style
  • Price$ 1,650,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage6326
  • Lot Size0.46 Acres
Listing Provided Courtesy Of:
Nader Naderi with Berkshire Hathaway HomeServices California Properties.
Property Description

An amazing opportunity to own 11 single story units in Port Hueneme, less than a Mile to the Port Hueneme Beach Park in a great neighborhood. Surrounded by newer buildings around. (8) units 1+1, (2) units 2+1 and (1) unit 3+1. 6,326 sq ft building on a 20,000 sq ft lot accommodates new building projects conforming to the neighborhood with great potential and high average family income. 6 Units on the East side with 2 attached garage and 5 units and the utility room on the West side of the property. Each unit has its own separate electric and gas meters. Covered parking spots for 11 cars including two attached garages for two units and several parking spaces for guest. This property is well suited for a huge upside potential. The best value is to build a new building and continue earning the rental income until the plans are approved. Units have deferred maintenance and rents are under market. Current CAP rate is 4.94% and the GRM is 11.78. Current scheduled rental income is $144,600 annual and current annual expense is $49,110. Due to poor management at this time there is no laundry income and one unit is not paying since February and is in litigation. Proforma rent is $13,750/mo with this amount likely to increase greatly in the months and years ahead, as inventory of available housing remains very low. Please do not approach to units, due to COVID. Drive by only. Showing with accepted offer.

Price History
9/2/2020 Listed $1,650,000

General Features

Attached Structure Attached
Co-Listing Agent Last Name Jane
Co-Listing Agent Last Name Cudworth
Co-Listing Agent State License # 01045026
Co-listing Agent Jane Cudworth - BRE#01045026
Community Features Biking, Curbs, Watersports, Street Lights
Directions Off N Ventura Rd
Garage Spaces 11.00
Levels One
Listagentaor Southland
Listing Agent Nader Naderi - BRE#01096047
Listing Agent State License 01096047
MLS Area PHUE - Port Hueneme
Number of Units Leased 11
Pool Features None
Price Per Square Foot 260.83
Property Attached Y/N Yes
Sewer Public Sewer
Source System CRMLS
Special Listing Conditions Standard
Subdivision Name Hueneme Bay 4 (148804)
Subdivision Name Hueneme Bay 4 (148804)
Total Units 11
Zoning R3

Interior Features

1st Bedroom Area Unit Type Square Feet
2nd Bedroom Area Unit Type Square Feet
3rd Bedroom Area Unit Type Square Feet
Common Walls 2+ Common Walls
Laundry Features Common Area, Outside
Laundry Y/N Yes
Studio Area Unit Type Square Feet
Total Stories 1

Exterior Features

Building Area Total 6326.00
Lot Features Front Yard, Lot 20000-39999 Sqft, Rectangular Lot, Level, Yard
Lot Size Acres 0.4591
Lot Size Area 20000.0000
Lot Size Source Assessor
Lot Size Square Feet 20000.00
Lot Size Units Square Feet
Number of Buildings 2
Number of Separate Electric Meters 11
Number of Separate Gas Meters 11
Total Parking 11.00
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 93041

Price
AVG $510K
$1.65M
Visits
AVG 15
28
Year Built
AVG 1970
1941

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