Lee & Associates-LA North/Ventura is pleased to offer the opportunity to acquire a 4-unit apartment building in the heart of downtown Ventura. The Santa Clara Street Apartments is a two-story wood-frame four unit apartment building built in 1910. Built in the Victorian style and designed by architect F. W. Whitton, the building is set in the downtown of the coastal city of Ventura. The property boasts close proximity to the beach (1/2 mile) and numerous retail/dining amenities on the main street (1 block). The property has a fantastic walk score of 91 (Walker’s Paradise) and bike score of 77 (Very Bikeable). Located at 1033 Santa Clara Street, the property is a pride of ownership character building. The building is a total of 2,476 SF on a 8,400 SF lot and includes a mix of 1 and 2 bedroom units. Building amenities includes garage/off-street parking, laundry, secured entry and patio/yard space. The neighborhood amenities include multiple parks within walking distance, the beach, world-class downtown Ventura County Fairgrounds, Ventura Pier, and hiking trails. This property offers upside opportunity by improving rents to market rate through a renovation program or adding amenities to the property. Additional upside may be possible by lowering utility costs through a ratio utility billing system rubs that has tenants reimburse the landlord for utilities that are not individually metered such as water, trash and sewer. The property may also offer opportunity to add accessory dwelling units (ADU). This opportunity offers investors an excellent chance to get into a premier beach community that has great long term potential. And since the building is four units it’s eligible for residential financing with a 30-year fixed rate loan so you are able to mitigate future interest rate volatility adding further to its great long term potential.