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150 Ann Avenue, Port Hueneme, CA 93041
$12,600,000
150 Ann Avenue, Port Hueneme, CA 93041View this property at 150 Ann Avenue, Port Hueneme, CA 93041
150 Ann AvenuePort HuenemeCA93041
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Property Description
As the exclusive listing agent, we are pleased to present the opportunity to acquire the Sunnyside Apartments in the coastal sub market of Port Hueneme. This offering includes fifty eight (58) units across two (2) buildings with an approximately 40,032 SF foot print sitting on a 67,074 SF lot zoned R2. The buildings have been owned and managed by the current ownership for the past 30 years and is one of the largest buildings in the Port Hueneme sub market. Sunnyside Apartments offers an investor a true value add opportunity with approximately 45% (+/-) potential upside in rents as well as seven (7) vacant units allowing an immediate path to realizing potential upside. Per CoStar, only one building 20 Units or larger has sold in the Port Hueneme sub market in the last 10 years. The coastal community of Port Hueneme has seen compressed vacancy rates as well as an increase in average annual growth of rents with a shortage of new product. Ventura County is primarily a single-family housing market, with limited housing supply which has helped propel rents and demand. Developing in Ventura County is a difficult process with roughly only 3,500 units being delivered over the past ten years. Therefore, low vacancies and the proximity to Los Angeles tend to keep the Ventura market liquid and attractive to investors.
This well located apartment complex offers an investor a rare opportunity to secure a large sized asset in a high demand coastal sub market with a true value add story and strong growth potential.
Full Property Details
Full Property Details for 150 Ann Ave
General
- Sold For: $12,600,000
- Status: Closed
- Type: Multi-Family
- MLS ID: SR21120359
- Added to Site: 1, 055 day(s) ago
Rooms
Other Rooms
- Laundry: Individual Room
Additional Information
- Pool Description: Private, Community, In-Ground
Parking
- Garage Spaces: 71
Location
- Area: PHUE - Port Hueneme
- County: Ventura
- Development Name: PHUE - Port Hueneme
- Driving Directions: Buildings are on Ann Avenue
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 1
- # Electric Meters: 58
Structural Information
- Stories/Levels: Two
- Stories Description: Two
- Square Feet: 40,032
- Year Built: 1971
Unit Information
Unit 1
- Number of Units: 50
- Total Bathrooms: 1
- Bedrooms: 1
Unit 2
- Number of Units: 8
- Total Bathrooms: 1
- Bedrooms: 2
Lot Features
- Lot Size (Acres): 1.5398
- Lot Size Source: Assessor
- Zoning: R2
- Lot Description: Corner Lot
Financial Considerations
- Price Per Sq. Ft.: $314.75
Listed and Sold by Keller Williams Realty Calabasas, Jared Levine
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Schools
Schools serving 150 Ann Ave
School Districts:Hueneme Elementary School District, Oxnard Union High School District
Rating | Name | Grades | Distance |
---|---|---|---|
622 E Pleasant Valley Rd, Port Hueneme, CA 93041 | K-6 | 0.5 mi | |
500 W Bard Rd, Oxnard, CA 93033 | 9-12 | 0.9 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 150 Ann Ave
Date
Details
Price
Change
Source
7/02/2021
Sold
$12,600,000
0.84%
MLS
6/03/2021
Listed
$12,495,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
150 Ann Avenue, Port Hueneme, CA 93041 (MLS# SR21120359) is a Multi-Family property that was sold at $12,600,000 on July 02, 2021. Want to learn more about 150 Ann Avenue? Do you have questions about finding other Multi-Family real estate for sale in Port Hueneme? You can browse all Port Hueneme real estate or contact a Coldwell Banker agent to request more information.