1125 Montauk Lane

Ventura, CA 93001

$1,850,000
Price
5
Beds
3
Baths
2,101 Sq. Ft.
$881 / Sq. Ft.
2,101
Sq. Ft.
$881
per Sq. Ft.

Description

We are pleased to present 1124 Montauk Lane, a charming two-story beachside duplex located just steps to the sand in Ventura, CA. Built in 1964, the property consists of a two-bedroom/one-bathroom downstairs unit and a three-bedroom/two-bathroom upstairs unit. The upstairs unit features vaulted beamed ceilings with a spacious layout with plenty of natural lighting and two balconies with stunning ocean views. The downstairs unit features direct access to a large backyard area. The 2,101 sf building...We are pleased to present 1124 Montauk Lane, a charming two-story beachside duplex located just steps to the sand in Ventura, CA. Built in 1964, the property consists of a two-bedroom/one-bathroom downstairs unit and a three-bedroom/two-bathroom upstairs unit. The upstairs unit features vaulted beamed ceilings with a spacious layout with plenty of natural lighting and two balconies with stunning ocean views. The downstairs unit features direct access to a large backyard area. The 2,101 sf building sits on a 3,611 sf lot. This property is excellent for an owner-user looking for a permanent residence or vacation home while using existing rental income to subsidize the mortgage payment. Alternatively, this property offers a new investor the opportunity to renovate units, building exterior and backyard area in order to maximize rental income as current rents are approximately 52% under market. Located just 5 lots to the beach, 1124 Montauk Lane is situated just off bustling Seaward Avenue which features coffee shops, restaurants and chic retail. The property is also just two blocks from the Marina Village Shopping Center which has additional restaurants, retail and a large Vons supermarket and pharmacy. 1124 Montauk Lane is conveniently located just off the 101 freeway providing easy access to job centers of Downtown Ventura, Oxnard, Camarillo and Santa Barbara.
  1. Listed by Matthew Ziegler • DRE #01280909 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 1125 Montauk Lane

Zoning
R2B
Parcel Number
0810051060
Total Units
2.0
Living Area
2101
Source Living Area
Vendor Enhanced
Area
Ventura - Beach S Rvr (VC23)
Vacancy Rate
3%
Lot Size Area
3610

Location

Listing Courtesy of Marcus & Millichap, Matthew Ziegler, DRE #01280909
Add your commute
LISTING UPDATED: 05/03/2024 12:01 AM

Property Details for 1125 Montauk Lane

StatusActive
MLS #24-384267
Days on Market14
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1964
Lot Size0.08 AC / 3,610 SF
CountyVentura County

Location

Listing Courtesy of Marcus & Millichap, Matthew Ziegler, DRE #01280909
Add your commute

Building Information for 1125 Montauk Lane

Stories2Residences-Year Built1964Building Size-Lot Size0.08 AC / 3,610 SF

Payment Calculator

$10,852 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,096

Property Taxes

$756

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1125 Montauk Lane

Community / Development
Community / Development
  • Number Of Units: 2
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartments
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $72,168
  • Net Operating Income: $44,359.00
  • Gross Income: $74,400
  • Gross Rent Multiplier: $24.87
  • Total Annual Expense: 27809
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.0829
  • Lot Size Square Feet: 3610
Parking Details
Parking Details
  • Parking Garage: Carport
  • Total Parking: 0
  • Parking Features: Carport
Interior Features
Interior Features
  • Levels: Two
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 04-25-2024
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,800.00
  • Unit Actual Rent: $2,800.00
  • Unit Projected Rent: $4,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,400.00
  • Unit Actual Rent: $3,400.00
  • Unit Projected Rent: $4,950.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $197,062.00
  • Assessed Improvement Percent: 24.08
  • Assessed Land Value: $621,389.00
  • Assessed Land Percent: 75.92
  • Assessed Total Value: $818,451.00

Property History for 1125 Montauk Lane

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1125 Montauk Lane

Taxable ValueLand$621,389Additions$197,062Total$818,451
Tax Record2023$9,074 ($756 / month)
Home Facts
Total Finished SqFt2,101 SqFtAbove Grade Finished SqFt2,101 SqFtLot Size3,610 SqFtStyleDuplexYear Built1964ZoningR2BCountyVENTURAAPN081-0-051-060

Schools near 1125 Montauk Lane

This home is within Ventura Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 8
Rating
School
Distance
Pierpont Elementary School
PublicK to 5

Cabrillo Middle School
Public6 to 8

Ventura High School
Public9 to 12

Homestead (Alternative) School
PublicK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1125 Montauk Lane is a multi-family home for sale in Ventura, CA 93001. This property was listed for sale on April 25, 2024 by Marcus & Millichap, it's currently listed at $1,850,000. It has been on the market for a total of 14 days and was last sold on August 16, 2012. This listing's school district is Ventura Unified School District. Nearby schools include Pierpont Elementary School, Cabrillo Middle School and Ventura High School. 1125 Montauk Lane is a 5-bed, 3-bath, 2,101 sqft multi-family home built in 1964.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Matthew Ziegler, DRE #01280909

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the 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. For the avoidance of doubt, 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.