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684-698 N Ventura Blvd

3,780 SF 100% Leased Retail Building Ventura, CA 93001 $1,489,000 ($394/SF)

Investment Highlights

  • 100% Leased
  • Under-market Lease Rates
  • Long-standing Tenants

Executive Summary

This unique offering presents a 4-unit, free-standing retail building located in the heart of Ventura. Originally constructed in 1925, the property is zoned C2, providing a range of commercial uses. Situated in a prime location, this building boasts long-term tenants, creating a rare investment opportunity with consistent cash flow.
With 100% occupancy, the property has a solid history of tenant retention and lease stability, offering immediate income for potential investors. However, with current rents below market value, there is significant upside potential for investors to capitalize on rent adjustments, aligning the property with current market trends.
This property presents an exciting opportunity for investors seeking long-term value appreciation, steady cash flow, and the potential to enhance returns by optimizing rent structures. The location of this property is key and positioned in a growing market, making it an ideal investment for sustained income and value appreciation.

Property Facts

Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
3,780 SF
Building Class
C
Year Built
1925
Price
$1,489,000
Price Per SF
$394
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.79
Lot Size
0.11 AC
Zoning
C-2 - Commercial
Parking
1 Space (0.25 Spaces per 1,000 SF Leased)
Frontage
83 FT on N Ventura Blvd

Amenities

  • Corner Lot
  • Signage
  • Signalized Intersection
Walk Score ®
Very Walkable (80)
Bike Score ®
Very Bikeable (70)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Sunbelt Rentals
The Habit Burger Grill
Bank of the Sierra
Burgerim
Starbucks
Rent-A-Center
Vons
Revolution
Banc of California

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
071-0-071-010
Land Assessment
$227,564
Improvements Assessment
$640,026
Total Assessment
$867,590
  • Listing ID: 33207705

  • Date on Market: 9/17/2024

  • Last Updated:

  • Address: 684-698 N Ventura Blvd, Ventura, CA 93001

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