831 Olive StVentura, CA 93001
- Industrial properties
- 2,150 SF
Property Details for 831 Olive St
- Year built
- 1958
- Lot size
- 0.21 AC
- Property size (Sq ft)
- 2,150 SF
- Zone code
- C2
- Property type
- Industrial properties
- Property subtype
- Other warehouses
- APN
- 071-0-010-030
- APU
- 710010030
Description
This Ventura, CA industrial warehouse presents a unique investment opportunity. Located at 831 N Olive St, 93001, this 1,680 square foot building sits on a sizable 9,250 square foot lot, offering significant yard space. The property features two metal gates, providing secure access. The building boasts a retro design aesthetic and includes an ADA-compliant restroom. Currently leased to a church until July 31, 2025, at a net-net-net (NNN) rent of $3,300 per month, this property offers immediate income potential. The C-2 zoning allows for flexibility in use, and there's potential for a small residential addition (subject to permits and approvals). Its convenient location near Stanley Avenue and Highway 33, in the heart of Ventura's westside, adds to its appeal. The property's Assessed Parcel Number (APN) is 071-0-010-030. This is a rare opportunity to acquire a versatile industrial property with strong lease income and significant upside potential. The asking price is $1,075,000, translating to $639.88 per square foot.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
Alternative Use
- Use
- Valuation
- Residential
- $736,697
- Hospitality
- $674,811
- Educational
- $561,435
- Medical
- $580,743
- Retail
- $873,343
Location Insight
- City
- Ventura
- County
- Ventura
- State
- California
- Latitude
- 34.2916
- Longitude
- -119.301
- CBSA code
- 37100
- CBSA name
- OXNARD-THOUSAND OAKS-VENTURA, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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