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$2,595,000

Beds
Unknown
sq ft
Unknown

1132 1142 Pittsfield Ln, Ventura, CA 93001

1132 1142 Pittsfield Ln

Ventura, CA 93001

  • 3 days on market
This rare Ventura Pierpont Beach four-plex, located just eight lots from the sand, sits on an extra-large lot, making it a standout investment opportunity in the highly sought-after Pierpont Beach area. Nestled in a quaint beach town just south of Santa Barbara and north of Malibu, this property offers the best of coastal California living, with nearby access to Pierpont's beloved restaurants, pubs, and shops, all just a few blocks away.Each of the four 1-bedroom, 1-bath units features an updated and efficient layout with charming touches, including a galley-style kitchen, ample closet space in the bedroom, and a full bathroom. Two of the units are situated upstairs, showcasing vaulted ceilings that add an airy feel, while one of these units also enjoys lovely ocean views. The two ground-floor units provide easy access and share the same well-designed floor plan.For comfort, each unit is equipped with a wall-mounted air conditioner and heating unit, ensuring residents enjoy year-round climate control. Unlike many beach properties, this four-plex offers plentiful parking, including an attached carport with designated spaces for each unit. The property currently brings in approximately $40,000 per unit annually, demonstrating solid income potential. Its combination of proximity to the beach, spacious lot size, and thoughtful updates is exceptionally rare in Pierpont Beach, providing investors with a unique chance to own a high-potential, income-generating property in a premier location.

Details

Property type

Est. home value

$2,118,006

Lot size

5,393 sq ft

Price per sq ft

Unknown

Year built

1955

Price History

11/01/2024
CRMLS

CRMLS #V1-26536

Listed
$2,595,000
+28.78%
03/16/2022
CRMLS

CRMLS #V1-10297

Sold
$2,015,000

Schools & Community

Neighborhood: 

Marina

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Fishing

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

American Business Bank

Loan start date

March 2022

Original loan amount

$1,417,500

Est. remaining balance

Not provided

Interest rate

3.45%

Loan type

Purchase Money Mortgage

Seller

1001 Wilshire Boulevard Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 11/04/2024 at 2:05 PM

Listing updated: 11/04/2024 at 12:25 PM

Listed by: Ann Howarth, RE/MAX Gold Coast-Beach Office Phone #: (805) 216-4580

MLS: CRMLS #V1-26536

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