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3098 CHANNEL Drive, Ventura, CA 93003
6
beds
5
baths
· 49389
ft2 lot
$11,700,000
Listing provided courtesy of Brian Glen Barrios, Cooperation Capital Group, Inc..
Source CRMLS.
Newly renovated in 2020! Impeccably remodeled apartment complex with large units, walking distance to Ventura Beaches. Excellent attention to details and long lasting quality upgrades and finishes. Highly desirable location in nice neighborhood, near amenities, parks, beaches, shopping, restaurants, businesses and easy freeway access. Walking distance to the Ventura Pacific View Mall and a short bike ride to Ventura Beach. Desirable unit Mix: 12 1Bd/1Ba, 12 2Bd/1Ba, 8 2Bd/1.5Ba. Fully renovated courtyard, finished with outdoor dining, pergola, BBQ access, bocce pit, croquet and lounge seating. Some units have ocean and hillside views. All leases on RUBS Program. **Please do not walk on the property or disturb tenants. Inspection subject to an accepted offer.**
HOA
$—/month
On market
10 months
Year built
1966
Property type
Multi-Family
Parking
MLS
20594502
Price / Sq.Ft.
ft2
Status
Active
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Based on a price of $11,700,000
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Property Details
Interior Features & Layout
Heating & Cooling
•   
Has Heating
•   
Heating Details: Forced Air, Natural Gas
Flooring
•   
Flooring: Vinyl
Appliances
•   
Security Features: Carbon Monoxide Detector(s), Resident Manager, Smoke Detector(s)
Property, Lot, Community & Exterior Features
Parking Info
•   
Parking Available: 1
•   
Parking Features: Covered
Property Features
•   
View: Ocean, Hills
•   
Property Condition: Updated/Remodeled
Lot Info
•   
Zoning: R3-2
•   
Lot Size Acres: 1.1300
•   
Lot Size Area: 49389.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Number Of Buildings: 1
•   
Total Units: 32
Building Info
•   
Stories Total: 3
•   
Num Stories: Multi/Split
Listing Details, Costs & Financing Information
Financial Info
•   
Gross Operating Income: 733795.00
•   
Vacancy Allowance Rate: 0.00
•   
Total Expenses: 203123.00
•   
Gross Multiplier: 15.98
Tax/Assessment Info
•   
Gross Income: 733795.00
•   
Tax Year: 2020
•   
Taxes: 78926.0
Lease Info
•   
Net Operating Income: 508658.00
Other
•   
Financial Info As Of: 2020-06-22 00:00:00
Listing Info
•   
Status: Active
Multi Unit Information
Unit 3 Information
•   
Unit 3 Bedrooms: 2
•   
Unit 3 Actual Rent: 1935.00
•   
Unit 3 Total Units: 12
•   
Unit 3 Furnished Units: Unfurnished
•   
Unit 3 Bathrooms: 1
•   
Unit 3 Total Rent: 23225.00
Unit 2 Information
•   
Unit 2 Actual Rent: 1775.00
•   
Unit 2 Bedrooms: 1
•   
Unit 2 Total Units: 6
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 1
•   
Unit 2 Total Rent: 10652.00
Unit 1 Information
•   
Unit 1 Bedrooms: 1
•   
Unit 1 Total Units: 6
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Bathrooms: 1
•   
Unit 1 Actual Rent: 1735.00
•   
Unit 1 Total Rent: 10410.00
Unit 4 Information
•   
Unit 4 Actual Rent: 2100.00
•   
Unit 4 Total Units: 8
•   
Unit 4 Furnished Units: Unfurnished
•   
Unit 4 Total Rent: 16712.00
•   
Unit 4 Bathrooms: 2
•   
Unit 4 Bedrooms: 2
Multi Unit Information
•   
# Of Units: 13
•   
Price Per Unit: 365625
School Neighborhood & Directions
Location
•   
Directions: 101 North, exit Main Street, right on Main Street, left on Valmore Ave to 3098 Channel Dr.
Other
Calculation
•   
Dom: 37
•   
Cdom: 37
The information contained in this listing has not been verified by Flyhomes and should be verified by the buyer.

Data last updated: Apr 20, 2021 10:22pm
Neighborhood snapshot
45
Properties for sale
14
Median days on market
$402.16
Median sold price/sqft
100.76%
Sold/List %
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Property History
06/24/2020
06/24/2020
CRMLS #20594502
active
CRMLS #20594502
$11,700,000
+58.01%
03/21/2019
03/21/2019
Public Record
sold
Public Record
$7,404,500
+282.46%
11/02/1998
11/02/1998
Public Record
sold
Public Record
$1,936,000
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