861 Jane Drive
861 Jane Drive
$1,050,000
3
6
3,533
3,533
$297
Closed 12/23/22
Virtual Tour
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...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 Bath
The 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)
+ (4) 1 Bedroom + 1 Bath units
+ (1) 2 Bedrooms + 1.5 Bath
The 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)
- Listed by Raymond Rodriguez • DRE #01402283 • Brokerage DRE #01872625 • Keller Williams Realty Calabasas • info@lucrumre.com
Property Details for 861 Jane Drive
Parking Spaces Total
6
Private PoolNo
Total Units5.0
Building TypeAttached
Lot Size SourcePublic Records
Living Area3533
Assessor Parcel Number207-0-311-165
Property Attached YNtrue
Location
LISTING UPDATED: 12/23/2022 02:55 AM
Property Details for 861 Jane Drive
Status | Closed |
---|---|
MLS # | SR22125455 |
Days on Market | 119 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1963 |
Lot Size | 0.14 AC / 6,029 SF |
County | Ventura County |
Location
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Building Information for 861 Jane Drive
Stories2Residences-Year Built1963Building Size-Lot Size0.14 AC / 6,029 SF
Payment Calculator
$6,776 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 861 Jane Drive
Property History for 861 Jane Drive
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 861 Jane Drive
Taxable ValueLand$400,000Additions$650,000Total$1,050,000
Tax Record2023$12,547 ($1,046 / month)
Home Facts
Total Finished SqFt3,533 SqFtAbove Grade Finished SqFt3,533 SqFtLot Size6,029 SqFtStyleMulti-Family Res (5+ Units)Year Built1963ZoningR2CountyVENTURAAPN207-0-311-165
Schools near 861 Jane Drive
This home is within Oxnard Union High School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 6 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 6 to 8 |
Rating | School | Distance |
---|---|---|
Richard Bard Elementary School PublicK to 6 | ||
E. O. Green Junior High School Public6 to 8 | ||
Hueneme High School Public9 to 12 | ||
Charles Blackstock Junior High School Public6 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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