$9,800,000

3574 Preble Avenue, VENTURA CA, 93003

Price per sqft$391.94

Built in1962

Property size25,004 sqft

Property typeResidential

Courtesy of Nick Henry, Beachside Partners

Overview

Sold

Closed

Listed Jul 19, 2023

Updated 7 days ago

Value-add 38 unit apartment building opportunity for only $267k/unit in the low turnover sale marketplace of city of Ventura. 14.1 GRM, 4.4% CAP on actual and 11.0 GRM, 6.3% CAP on market rents. Tradewinds Apartments is set on a .89 acre lot w/ garage parking, pool and laundry room. Convenient location near Pacific View Mall & Lowes, Community Memorial Hospital, Ventura College, Ventura Harbor and local beaches plus easy access to both the 101 and 126 freeways. Unit mix consists of (1) 3BD/1BA, (4) 2BD/1BA, (18)1BD/1BA and (15) studios. Utilities sep metered for electric and gas and (2) 100 gallon water heaters service building. Major upside in rental rates. Available reports include: General inspection, termite, roof and sewer lateral. OFFER DUE DATE AUG 4th @ 12PM

Additional information

MLS^® ID: 23-2132

Interior Features

Bedrooms: 6
Bathrooms: 4
Basement: No

Exterior Features

Lot Size: 0.57 Acres

Other Property Details

Garage: Yes

Listed by Beachside Partners, Nick Henry,
Listing Contact: [email protected]

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Data last updated 4:39 AM UTC, 11/3/2026