370 N Ventura Ave

    Oak View, CA 93023
    • $1,679,000
    • STATUS: Active
    • ON SITE: 204 days
    • MLS #: 18-3946
    UPDATED: 48 min ago
    $1,679,000
    • 0
      BEDS
    • 0.79
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,363
      SQFT
    • $228
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1962
    County:
    Area:

    School Ratings & Info

    Listing provided courtesy of Coldwell Banker Property Shop.

    Description

    Rare opportunity to purchase investment property that is well established. Great for a 1031 exchange.The Gross income is approx. $114,120.00 with built-in annual increase per leases. With an approx. 5.67% return on your investment. Gateway Shopping Plaza is located at the main entrance to the Ojai Valley, with direct access off the main road. Gateway Plaza is so fitting since it is central located for locals and new comers to enjoy. With the 5 rentals 4 have been long term residents. . Previously know as the Purple Wagon Square. Which as history has it Sheb Wooley, Johnny Cash and an acquaintance who was a real estate developer. Together they built the Purple Wagon Mail in Oak View, named for Sheb's runaway bestselling purple song Flying, Purple People-Eater. Sellers retiringRare opportunity to purchase investment property that is well established. Great for a 1031 exchange.The Gross income is approx. $114,120.00 with built-in annual increase per leases. With an approx. 5.67% return on your investment. Gateway Shopping Plaza is located at the main entrance to the Ojai Valley, with direct access off the main road. Gateway Plaza is so fitting since it is central located for locals and new comers to enjoy. With the 5 rentals 4 have been long term residents. . Previously know as the Purple Wagon Square. Which as history has it Sheb Wooley, Johnny Cash and an acquaintance who was a real estate developer. Together they built the Purple Wagon Mail in Oak View, named for Sheb's runaway bestselling purple song Flying, Purple People-Eater. As you enter to this Plaza you pass the near by Post office and Bank. Go to the Large parking lot, 100% occupied per seller. Current owner is retiring.

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    © 2019 Santa Barbara Multiple Listing Service. All rights reserved. Based on information from the Santa Barbara MLS as of 2019-05-25T18:46:58.467. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Data last updated 2019-05-25T18:46:58.467.
    www.theziagroup.com/homes/89072188

    370 N Ventura Ave Oak View, CA 93023

    • Price: $1,679,000
    • Status: Active
    • Updated: 48 min ago
    • MLS #: 18-3946
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.79
    Acres
    7,363
    SQFT
    $228
    $/SQFT
    1962
    Built
    Neighborhood:
    Ojai
    County:
    Ventura
    Area:
    Ojai
    Property Description
    Rare opportunity to purchase investment property that is well established. Great for a 1031 exchange.The Gross income is approx. $114,120.00 with built-in annual increase per leases. With an approx. 5.67% return on your investment. Gateway Shopping Plaza is located at the main entrance to the Ojai Valley, with direct access off the main road. Gateway Plaza is so fitting since it is central located for locals and new comers to enjoy. With the 5 rentals 4 have been long term residents. . Previously know as the Purple Wagon Square. Which as history has it Sheb Wooley, Johnny Cash and an acquaintance who was a real estate developer. Together they built the Purple Wagon Mail in Oak View, named for Sheb's runaway bestselling purple song Flying, Purple People-Eater. Sellers retiringRare opportunity to purchase investment property that is well established. Great for a 1031 exchange.The Gross income is approx. $114,120.00 with built-in annual increase per leases. With an approx. 5.67% return on your investment. Gateway Shopping Plaza is located at the main entrance to the Ojai Valley, with direct access off the main road. Gateway Plaza is so fitting since it is central located for locals and new comers to enjoy. With the 5 rentals 4 have been long term residents. . Previously know as the Purple Wagon Square. Which as history has it Sheb Wooley, Johnny Cash and an acquaintance who was a real estate developer. Together they built the Purple Wagon Mail in Oak View, named for Sheb's runaway bestselling purple song Flying, Purple People-Eater. As you enter to this Plaza you pass the near by Post office and Bank. Go to the Large parking lot, 100% occupied per seller. Current owner is retiring.
    Interior Features

    Heating Cooling Wall

    Property Features

    Business Information Days Per Week 7 Business Type Bus OtherService Condition Good Covenant No Cross Street Larmier Deposit 3.00 For Sale Or Lease For Sale Gross Square Feet 7363.00 Income Expenses Annual Gross Income 114120.00 Income Expenses Ins Exp 1618.00 Income Expenses Maint Exp 1700.00 Income Expenses Taxes Exp 14396.00 Income Expenses Total Ann Exp 19014.00 Income Expenses Utility Expenses 1300.00 Lease Assumable Yes Loan No Offices 4 Owner Pays OtherWtr Parking Pub/Lot Real Estates Included Yes Retail 1 Tenant Pays ElecGasTrash Terms CashCtnlOwc 1st Total Bathrooms 4.00 Type Commercial Use Mixed UseOfficeOtherRetail/Commercial Zoning C-POther

    Listing information © 2019 Santa Barbara MLS
    Listing provided courtesy of Coldwell Banker Property Shop.



    © 2019 Santa Barbara Multiple Listing Service. All rights reserved. Based on information from the Santa Barbara MLS as of 2019-05-25T18:46:58.467. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Data last updated 2019-05-25T18:46:58.467.
     
    The Zia Group | Keller Williams Santa Barbara
    1435 Anacapa Street
    Santa Barbara CA, 93101
    Listing provided courtesy of Coldwell Banker Property Shop.