ActiveResidential · sale

1235 1247 1235,1241,1247 Clavel Avenue

Ventura, CA 93004

$1,999,900

  • 0.17 acres
  • Built 1955

Listed by eXp Realty of California Inc · MLS #V1-38399

A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 1955.

Property size

0.17 acres listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

123512411247 Clavel AveTURNKEY 4PLEX EXTENSIVELY UPGRADED INCOMEPRODUCING INVESTMENT w 6 INCOME STREAMSOpportunities like this are exactly what serious investors look for rarely findWelcome to an exceptional turnkey fourplex that combines immediate income potential extensive upgrades strong tenant appeal the longterm advantages of owning a quality multiunit assetUnlike properties that require significant improvements after closing this one has already undergone substantial upgrades giving the next owner the opportunity to acquire a wellpositioned investment w o inheriting an extensive renovation listFrom the moment you arrive the pride of ownership is evident Property features fresh interior exterior paint newer roofing newer airconditioning systems most units have recessed lighting attractive contemporary finishes throughoutInside the units have been thoughtfully upgraded with most units containing quartz countertops elegant marble bathrooms stainlesssteel appliances Most have newer refrigerators washerdryer sets as well The property is also mostly furnished adding another layer of value convenience for the incoming investorINVESTMENT ADVANTAGEThis property isnt simply about four units its about acquiring an asset where much of the heavy lifting has already been done12 onsite parking spaces including several covered spaces provide an outstanding amenity that helps distinguish this property from competing rentals Combine that with an established tenant base extensive improvements attractive curb appeal desirable upgraded interiors you have the fundamentals investors want for longterm ownershipINVESTORS SHOULD TAKE NOTICE4 units 6 income streamsEstablished tenant baseExtensively upgraded mostly furnishedNewer roofing airconditioning systemsQuartz countertops marble bathroomsMost Stainlesssteel appliancesFive newer refrigeratorsWasherdryer setsFresh interior exterior paintModern recessed lighting12 parking spaces w covered parkingReduced nearterm improvement needsExcellent tenant appealStrong longterm investment potentialBUY THE ASSET CAPTURE THE INCOME POSITION YOURSELF FOR THE FUTUREFor the investor searching for a property that offers income today w long term upside tomorrow Clavel Ave deserves serious considerationThe improvements are in the tenants are established the property is positioned and ready to be part of your investment portfolio

THE NEIGHBORHOOD

Explore the location.

1235 1247 1235,1241,1247 Clavel Avenue, Ventura, CA 93004

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THE DETAILS

The details, all in one place.

Property type
ResidentialIncome
Category
Residential
Year built
1955
Garage spaces
0
Cooling
CentralAir,Dual
Heating
ForcedAir
Appliances
Dishwasher,Freezer
Flooring
Carpet,SeeRemarks
Pool
No
Pool features
None
Spa
No
Subdivision
Saticoy Rural - 0265
Parcel
0900132065
HOA fee
$0.00

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase
Estimated monthly rent$8,332.92
Cap rate

Annual operating income:

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Your property and current assumptions will be included for our team to review.

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Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interestLoan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

See its potential.
Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
A more complete plan for your property

LOCAL PEOPLE. SHARED COMMITMENT.

A team behind your next step.

From your first question to the everyday work of ownership, a conversation with the right person makes a difference.

Meet ERA Property Management

Residential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.

YOUR CAREER. YOUR NEXT CHAPTER.

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1235 1247 1235,1241,1247 Clavel Avenue, Ventura, CA 93004 · MLS #V1-38399

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Listing information

MLS #V1-38399 · California Regional MLS

Listing brokerage: eXp Realty of California Inc
Listing agent: Vicky Cummings

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.