809 E Front Street

Downtown Ventura 3-Unit Investment with ADU PotentialIncome opportunity with a single-family home at 809 Front St and a duplex on Ash Street. Projected Gross Annual Income: $108,000 ($9,000/month). Estimated Cap Rate: 2.77% (taxes at 1.25% of sales price, insurance, vacancy, maintenance, gardener). Detailed operating expenses available upon request.Projected rents: 809 Front $3,200; 278 Ash $3,000; 274 Ash $2,800. All units have separate electric and gas meters, washer/dryer hookups, and low-maintenance yards. Tenants pay gas, electric, water, and trash; seller does not pay utilities. 274 & 278 Ash share water/trash service.Previous owner submitted plans for an ADU; permit fee was not paid and plans have expired. Lot north of the duplex offers additional ADU or expansion potential (buyer to verify).Recent city improvements to the pedestrian bridge and parking area provide a well-lit connection from Front Street to the Pier, beach, promenade, and surrounding restaurants, enhancing foot traffic and access.Prime coastal and Downtown location, rare three-unit income property with ADU/expansion upside.Buyers to independently investigate development potential, zoning, parking, and approvals. All information deemed reliable but not guaranteed.