1251 Weymouth Ln
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1251 Weymouth Ln
1,003 SF Specialty Building Offered at $1,550,000 at a 5.10% Cap Rate in Ventura, CA 93001
Investment Highlights
- Includes exclusive web domain VenturaBeachCottage.com for the past 22 years. Seller has successfully rented the cottage. Perfect for a 1031 exchange
Executive Summary
1950's Ventura Beach Cottage down the lane from the beach, is located in quintessential Pierpont Beach. Originally built in 1953, the Cottage is remodeled into a chic beach cottage with all modern amenities. Three bedrooms, two baths, and approximately 1003 square feet. Private front and rear yards with patios plus parking for three cars. Stroll a quarter block from your front door down a quaint neighborhood street to a beautiful uncrowded beach with spectacular views of the Channel Islands. Only 8 houses to the sand. Currently a licensed Short Term Vacation Rental # 2251 with amenities that include a 48in. flat-screen TV and Blu-ray DVD, wireless internet, fire pit, BBQ, bikes, and boogie boards. Book of business already established through August. Web domain. Venturabeachcottage.com is included in the sale with an acceptable offer. Visit www.1251Weymouth.com for more info
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,550,000 | Lot Size | 0.09 AC |
| Price Per SF | $1,545 | Building Size | 1,003 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 5.10% | Year Built | 1953 |
| Property Type | Specialty | Parking Ratio | 2.99/1,000 SF |
| Property Subtype | Residential Income |
| Price | $1,550,000 |
| Price Per SF | $1,545 |
| Sale Type | Investment |
| Cap Rate | 5.10% |
| Property Type | Specialty |
| Property Subtype | Residential Income |
| Lot Size | 0.09 AC |
| Building Size | 1,003 SF |
| No. Stories | 1 |
| Year Built | 1953 |
| Parking Ratio | 2.99/1,000 SF |
Amenities
- PATH
1 of 1
Bike Score ®
Very Bikeable (81)
zoning
| Zoning Code | R-1B |
| R-1B |
-
Fred Evans -
RE/MAX Gold Coast Ventura
1 of 39
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1251 Weymouth Ln
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