Port Hueneme, CA 93041,432 E Clara ST
Port Hueneme, CA 93041,432 E Clara ST
Port Hueneme, CA 93041,432 E Clara ST
4
$1,724,000
$1,650,000
4.5%
Est.Price: ?

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0.46 Acres Lot

432 E Clara ST Port Hueneme, CA 93041

Est. payment /mo
SOLD DATE : 10/15/2020

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Key Details

Sold Price $1,724,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Hueneme Bay 4 (148804)

MLS Listing ID SR20179188

Sold Date 10/15/20

HOA Y/N No

Year Built 1941

Lot Size 0.459 Acres

Property Description

An amazing opportunity to own 11 single story units in Port Hueneme, less than a Mile to the Port Hueneme Beach Park in a great neighborhood. Surrounded by newer buildings around. (8) units 1+1, (2) units 2+1 and (1) unit 3+1. 6,326 sq ft building on a 20,000 sq ft lot accommodates new building projects conforming to the neighborhood with great potential and high average family income. 6 Units on the East side with 2 attached garage and 5 units and the utility room on the West side of the property. Each unit has its own separate electric and gas meters. Covered parking spots for 11 cars including two attached garages for two units and several parking spaces for guest. This property is well suited for a huge upside potential. The best value is to build a new building and continue earning the rental income until the plans are approved. Units have deferred maintenance and rents are under market. Current CAP rate is 4.94% and the GRM is 11.78. Current scheduled rental income is $144,600 annual and current annual expense is $49,110. Due to poor management at this time there is no laundry income and one unit is not paying since February and is in litigation. Proforma rent is $13,750/mo with this amount likely to increase greatly in the months and years ahead, as inventory of available housing remains very low. Please do not approach to units, due to COVID. Drive by only. Showing with accepted offer.

Location

State CA

County Ventura

Area Phue - Port Hueneme

Zoning R3

Interior

Fireplace No

Laundry Common Area, Outside

Exterior

Garage Spaces 11.0

Garage Description 11.0

Pool None

Community Features Biking, Curbs, Street Lights, Water Sports

Total Parking Spaces 11

Private Pool No

Building

Lot Description Front Yard, Level, Rectangular Lot, Yard

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 2070172140

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Financing Cash

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Nader Naderi • Berkshire Hathaway HomeServices California Properties
Bought with Out of Area Southland • SOUTHLAND

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Kelly Corsino

Agent | License ID: 01704102

+1(949) 229-0019

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