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861 Jane Drive

Port Hueneme, CA 93041
  • $1,295,000
  • STATUS: Active
  • ON SITE: 61 Days
  • ID#: SR22125455
UPDATED: 41 min ago
$1,295,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1963
County:

School Ratings & Info

Description

We are proud to present, The Wynema, located at 861 Jane Drive. The Wynema is a multifamily investment property located in the beachside community of Port Hueneme, California. This investment opportunity presents an ideal income property for an investor looking to acquire a value-add asset with significant rental upside potential.The apartment building is comprised of 5 spacious units in one two-story building totaling 3,533 building square feet. The building construction is of wood frame with flat roof and painted stucco exterior. The property is situated on a 6,029 square foot lot zoned R2 and development of the property was completed in 1963.The building is accessible in the front of the property off of Jane Drive and offers residence (6) covered carport parking spaces located at the rear of the property, which equates to 1.2 spaces per unit.The unit mix is comprised of:+ (4) 1 Bedroom + 1 Bath units+ (1) 2 Bedrooms + 1.5 BathThe emerging beach community of Port Hueneme in Ventura County is known for its pristine beaches, great weather and outdoor aquatic activities such as surfing, boating and fishing.Located just 60 miles from Downtown Los Angeles, Port Hueneme is becoming a preferred destination for families and individuals looking to leave a busy city lifestyle and and relocate to an affordable beach community which is adjacent to both the Cities of Oxnard and Ventura.Port Hueneme in Ventura County is primarily a single-family housing market, with additional competition for apartment demand coming from mobile home parks.After a run of strong demand beginning in 2020 and lasting into 2021, the vacancy rate is trending at 3.2% compared to the longer-term average of 3.9%. It is trending near the record low that was reached in 2021. Meanwhile, rental growth has accelerated, up 11.3% year over year. While still historically high, rent growth has moderated from the all-time high in 2021.Property Highlights:+ Rental upside potential+ AB 1482: 5% + CPI rental increases+ Excellent financing available with attractive leverage and rate+ Diverse unit mix of (4) 1 bedroom + 1 bath and (1) 2 bedroom + 1.5 bath units+ Located on a quiet residential street just minutes from the beach+ Value-add opportunity with immediate upside potential+ Located in a Tier 2 Transit Oriented Community (TOC)

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Based on information from CRISNet MLS as of 2022-08-11T06:56:45.887. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

Based on information from the i-Tech MLS as of 2022-08-11T06:56:45.887. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.searchhomesincalifornia.com/homes/129738383
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861 Jane Drive Port Hueneme, CA 93041

  • Price: $1,295,000
  • Status: Active
  • On Site: 61 Days
  • Updated: 41 min ago
  • ID#: SR22125455
0
Beds
0
Baths
0
½ Baths
0.14
Acres
1963
Built
Neighborhood:
Other (Othr)
County:
Ventura
Area:
Vc32 - Oxnard - Port Hueneme Beaches
Property Description
We are proud to present, The Wynema, located at 861 Jane Drive. The Wynema is a multifamily investment property located in the beachside community of Port Hueneme, California. This investment opportunity presents an ideal income property for an investor looking to acquire a value-add asset with significant rental upside potential.The apartment building is comprised of 5 spacious units in one two-story building totaling 3,533 building square feet. The building construction is of wood frame with flat roof and painted stucco exterior. The property is situated on a 6,029 square foot lot zoned R2 and development of the property was completed in 1963.The building is accessible in the front of the property off of Jane Drive and offers residence (6) covered carport parking spaces located at the rear of the property, which equates to 1.2 spaces per unit.The unit mix is comprised of:+ (4) 1 Bedroom + 1 Bath units+ (1) 2 Bedrooms + 1.5 BathThe emerging beach community of Port Hueneme in Ventura County is known for its pristine beaches, great weather and outdoor aquatic activities such as surfing, boating and fishing.Located just 60 miles from Downtown Los Angeles, Port Hueneme is becoming a preferred destination for families and individuals looking to leave a busy city lifestyle and and relocate to an affordable beach community which is adjacent to both the Cities of Oxnard and Ventura.Port Hueneme in Ventura County is primarily a single-family housing market, with additional competition for apartment demand coming from mobile home parks.After a run of strong demand beginning in 2020 and lasting into 2021, the vacancy rate is trending at 3.2% compared to the longer-term average of 3.9%. It is trending near the record low that was reached in 2021. Meanwhile, rental growth has accelerated, up 11.3% year over year. While still historically high, rent growth has moderated from the all-time high in 2021.Property Highlights:+ Rental upside potential+ AB 1482: 5% + CPI rental increases+ Excellent financing available with attractive leverage and rate+ Diverse unit mix of (4) 1 bedroom + 1 bath and (1) 2 bedroom + 1.5 bath units+ Located on a quiet residential street just minutes from the beach+ Value-add opportunity with immediate upside potential+ Located in a Tier 2 Transit Oriented Community (TOC)
Exterior Features

Carport Spaces 6.00 Levels Two Lot Features Rectangular LotYard Lot Size Area 6029.0000 Parking Features CarportDetached CarportParking Space Parking Total 6.00 Parking YN Yes

Interior Features

Common Walls 2+ Common Walls Laundry Features None Laundry YN No

Property Features

Additional Parcels YN No Community Features BikingCurbsParkSidewalksStreet LightsUrban Land Lease YN No New Construction YN No Pool Features None Pool Private YN No Property Attached YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other Port Hueneme Water Source Public

Listing provided courtesy of Raymond Rodriguez, CA DRE# 01402283, of Keller Williams Realty Calabasas.


Based on information from CRISNet MLS as of 2022-08-11T06:56:45.887. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

Based on information from the i-Tech MLS as of 2022-08-11T06:56:45.887. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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30700 Russell Ranch Road, Suite 200
Westlake Village CA, 91362