2016-2020 E Main St
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2016-2020 E Main St
4,195 SF 84% Leased Retail Building Ventura, CA 93001 $1,415,000 ($337/SF) 4.94% Cap Rate
Investment Highlights
- Always occupied, on a main street. A signalized location. Very walkable, Less than a mile from the beach.
Executive Summary
WALK TO THE BEACH-Fast developing stretch of the E. Main-mid town Ventura. East Main street has a walk Score of 90 out of 100. This location is a Walkers Paradise so daily errands do not require a car.
This gem is near parks including Ocean Avenue Park,San Buenaventura State Beach and Plaza Park. Bike score for this location is 78 out of 100 Biking is. convenient for most trips. Transit score is 30 A few nearby public transportation options available. Commuting to Downtown Ventura by car, 5 min. By bus 10 min. by bicycle 9 min. and by foot 30 min. All thriving businesses on the property. Hard to keep vacant. The asset has 6 rental units in two separate buildings. Front building has 2 store fronts retails on Main St, and two offices upstairs. The back building has 2 apartments 2+1 each. Buyer to do their own independent study as to lot size building size, Property lines, number of bedrooms, baths or the rental units, and satisfy self. Asset is a 'cash cow' The tenant turnover, is almost zero. Long time, and established tenants.
The ownership would appreciate if you stay with clients throughout the visit and respect the businesses in regards to their hours. We need to coordinate with ALL tenants to make sure, that your visit with your buyer goes as smooth as possible. Asset is a 'cash cow' The tenant turnover, is almost zero. Long time, and stablished tenants. Someone representing the owner will be available once a completed, and verified agent info is presented, we will be unable to show. Agents please refrain from speaking to anyone in any space. Thank you. No parking on the land. However, the Chiropractor next door has agreed verbally to allow tenants to park after, and before business hours. Please, qualify the buyers and make sure that property insurance is available for them. The parking privilege's are not in writing, and could be taken away by the chiropractor at any time. The new agreement shall be put in place to continue the right to park at the hours mentioned by tenants only.
FOR QUICKER RESPONSE, PLEASE TEXT ME AT (818)618-4407
This gem is near parks including Ocean Avenue Park,San Buenaventura State Beach and Plaza Park. Bike score for this location is 78 out of 100 Biking is. convenient for most trips. Transit score is 30 A few nearby public transportation options available. Commuting to Downtown Ventura by car, 5 min. By bus 10 min. by bicycle 9 min. and by foot 30 min. All thriving businesses on the property. Hard to keep vacant. The asset has 6 rental units in two separate buildings. Front building has 2 store fronts retails on Main St, and two offices upstairs. The back building has 2 apartments 2+1 each. Buyer to do their own independent study as to lot size building size, Property lines, number of bedrooms, baths or the rental units, and satisfy self. Asset is a 'cash cow' The tenant turnover, is almost zero. Long time, and established tenants.
The ownership would appreciate if you stay with clients throughout the visit and respect the businesses in regards to their hours. We need to coordinate with ALL tenants to make sure, that your visit with your buyer goes as smooth as possible. Asset is a 'cash cow' The tenant turnover, is almost zero. Long time, and stablished tenants. Someone representing the owner will be available once a completed, and verified agent info is presented, we will be unable to show. Agents please refrain from speaking to anyone in any space. Thank you. No parking on the land. However, the Chiropractor next door has agreed verbally to allow tenants to park after, and before business hours. Please, qualify the buyers and make sure that property insurance is available for them. The parking privilege's are not in writing, and could be taken away by the chiropractor at any time. The new agreement shall be put in place to continue the right to park at the hours mentioned by tenants only.
FOR QUICKER RESPONSE, PLEASE TEXT ME AT (818)618-4407
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
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
4,195 SF
Building Class
B
Year Built
1927
Price
$1,415,000
Price Per SF
$337
Cap Rate
4.94%
NOI
$69,870
Percent Leased
84%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
11’
Building FAR
1.07
Lot Size
0.09 AC
Zoning
C1 - zoned commercial and buyer would need to do due diligence with city to see all types of uses.
Frontage
30 FT on E Main St
Amenities
- Signage
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Bill L.
- Construction
-
99,999 SF
-
$9.99
-
Lorem Ipsum
- -
- Clemente Bakery
- Retailer
-
99,999 SF
-
$9.99
-
Lorem Ipsum
- -
- Erika M.
- -
-
99,999 SF
-
$9.99
- -
- -
- Island Girl
- Retailer
-
99,999 SF
-
$9.99
-
Lorem Ipsum
- -
- Ventura Music Center
- Retailer
-
99,999 SF
-
$9.99
-
Lorem Ipsum
- -
- Wendy B.
- -
-
99,999 SF
-
$9.99
- -
- -
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Bill L. | Construction | 99,999 SF | $9.99 | Lorem Ipsum | - | |
| Clemente Bakery | Retailer | 99,999 SF | $9.99 | Lorem Ipsum | - | |
| Erika M. | - | 99,999 SF | $9.99 | - | - | |
| Island Girl | Retailer | 99,999 SF | $9.99 | Lorem Ipsum | - | |
| Ventura Music Center | Retailer | 99,999 SF | $9.99 | Lorem Ipsum | - | |
| Wendy B. | - | 99,999 SF | $9.99 | - | - |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
space available to lease immediately good credit history and previous landlord info is a must. Please refer to the for sale listing section to see the vacant unit.
| Space | Size | Space Use | Position | Available |
| 2018 B | 664 SF | Office | - | Now |
2018 B
| Size |
| 664 SF |
| Space Use |
| Office |
| Position |
| - |
| Available |
| Now |
2018 B
| Size | 664 SF |
| Space Use | Office |
| Position | - |
| Available | Now |
space available to lease immediately good credit history and previous landlord info is a must. Please refer to the for sale listing section to see the vacant unit.
Walk Score ®
Walker's Paradise (90)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 073-0-203-020 | Total Assessment | $849,049 |
| Land Assessment | $132,842 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $716,207 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
073-0-203-020
Land Assessment
$132,842
Improvements Assessment
$716,207
Total Assessment
$849,049
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
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2016-2020 E Main St
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