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128 - 134 E B Street
USD 2,200,000
Property ID: 23308539
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128 - 134 E B Street ,93041
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icon 9924 SqFt
icon Built in 1962
icon USD 222/SqFt
icon 11 Beds
icon 0 Full
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Location Street View
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Interior Details
Bedrooms
11
Bathrooms
0
Interior Size
4410
Construction Details
Property Type --
Property Condition --
Architectural Style --
New Construction --
Year Built 1962
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Detailed Introduction Of This Home
We are pleased to present an exceptional investment opportunity at 128-134 E B Street, situated in the charming, beachside locale of Port Hueneme, California. Port Hueneme does not have any local rent control laws meaning this property is only subject to California's AB-1482, which sets a maximum rent increase of 10% per year. This Ventura County gem is a ve-unit property that leads the market in rental rates, generating an impressive estimated annual income of $157,000 through rents and onsite laundry facilities. Recently subjected to extensive renovations, the property now features a new roof, individually metered utilities, new electrical wiring, and comprehensive interior upgradesranging from luxury vinyl ooring to granite countertops, updated appliances, and recessed lighting.Comprising two distinct land parcels, the property hosts a 3-bedroom, 2-bath house on one lot, and four 2-bedroom, 1-bath units on the adjacent parcel. The arrangement allows for residential nancing options and includes the added convenience of eight carport parking spaces. To further enhance its value, the sellers also offer preliminary plans for the construction of two Accessory Dwelling Units (ADUs), one on each parcel.Financial stability is assured with four out of ve tenants participating in the Section 8 program, ensuring a reliable revenue stream fortied by government-assisted rent payments. But this multifamily asset is more than just a robust nancial endeavor; it's a meticulously renovated property featuring a diverse tenant mix. The harmonious blend of market-leading rents and Section 8 tenants crafts a balanced and secure investment strategy. With its recent upgrades, consistently high occupancy, and enviable location, this property is uniquely positioned to offer both immediate and long-term nancial rewards.
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Cissy Tang
TEL: (+1)626 9868**** icon
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Contact Development/Agent
icon
Cissy Tang
(+1)626 9868**** icon
Please enter your nationality
+87
Cannot be empty
Email address is invalid Email address not authenticated!
Cissy Tang
(+1)626 9868**** icon
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128 - 134 E B Street
USD 2,200,000 11 Beds
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