11085 Azahar ST Ventura, CA 93004

11063-11085 Azahar Street is a 6-unit mixed use property on 2 parcels totaling 18,750 SF of land in the Saticoy area of Ventura with easy access to both HWY 126 & 101. Major upside potential available to either an owner-user or investor. (3) standalone 1BD/1BA fully upgraded apartments & 3 unimproved commercial spaces. 11063, occupied by mo-mo. hobby tenant, is a standalone 3200 SF metal frame warehouse with own yard and rolling security gate and sits on its own parcel. 11069 is occupied by a radiator repair shop on lease through Jan 2019. 11079-11083 are 3 detached 1 bed, 1 bath 400 SF apartments. Recent improvements include new sewer lateral to street, new sliding metal fence behind warehouse and top to bottom upgrades to the apartments including: new windows, fresh paint in and out, new plumbing and drain lines, new electrical wiring and panel, tile flooring, doors, kitchen cabinets, appliances, new heating and air conditioning, new kitchen and bath. Current rental rate for warehouse is well under market and the 1200 SF commercial space, currently vacant, can bring in additional income. Both warehouse and office in need of major repairs. Seller financing available w/ 3 year loan of $500k at 6.5%. Current rents are $5,035/mo. 9.3% CAP on market rents!