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Listed by Krikor Garabedian • Keller Williams R. E. Services
$ 1,750,000
Est. payment /mo
Active
108 West Pleasant Valley Road Port Hueneme, CA 93041
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID GD-24226140
Property Sub-Type Multi Family
Property Description
We are pleased to present a rare mixed-use property consisting of 11 single unit residential units and 1 large retail property with 80 feet of frontage on Pleasant Valley Road in Port Hueneme, California. The property is well located just one block away from the Port Hueneme Entrance Gate. The Port of Hueneme is the only deepwater port between the Port of Los Angeles and the Port of San Francisco, and the only Navy-controlled harbor between San Diego Bay and Puget Sound, Washington. This makes the port an extremely important and vital trade port specializing in automobile and agricultural Import and Export. The 11 single unit residential units have significant room for rental growth as the demand for single occupancy units continues to rise and is generally in great demand being so close to the port. The retail portion, which is approximately 1,900 square feet use to be a bar before it was occupied by a recreational cannabis business called Emerald Perspective. Emerald Perspective has spent a considerable amount on Tenant Improvements and enjoys great reviews and a following on Google and Yelp Reviews. This mixed-use property represents a unique investment opportunity, balancing the steady cash flow of residential units with the added value of a commercial retail space, perfect for an investor or potential owner-user.
Location
State CA
County Ventura
Area Vc33 - Oxnard - Sw / Ph
Interior
Laundry None
Building
Lot Description Rectangular Lot, Corner Lot