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Sold on 02/20/2024

1159 E Meta St, Ventura, CA 93001

$5,093,568

Last sold 02/20/2024 for $4M

  • 16

    bed

  • 16

    bath

  • 7,876

    Sqft ($508/Sqft)

Multi-family not for sale
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About 1159 E Meta St

Property type Multi-family
Neighborhood
Year built 1965
HOA fee $0/month
Lot size 7,000 Sqft
Movoto estimate
Property description
We are pleased to present 1159-1171 E Meta St, two adjacent 8-unit apartment complexes on separate parcels in Downtown Ventura. Built in 1965, the two buildings are each comprised of 8 one-bedroom one-bathroom units. Given that the 16 units are split between two parcels, there is no onsite management legally required. Located just a couple blocks from the ocean, tenants of the property enjoy the beautiful coastal weather and beach access. Additionally, the property is close distance of Cabrillo Middle School, Lincoln Elementary School, Memorial Park, and Plaza Park providing a sensible housing option for families. Situated in Downtown Ventura, residents further benefit from the proximity to coffee shops, eateries, retail, and entertainment options.
Listed by
Listing Agent - Daniel Withers
Listing Office - Matthews Real Estate Investment Services
Source: The MLS mls logo
MLS#23-339365 • last updated 2 years ago
Movoto checked The MLS for data 5 minutes ago
Overview
Levels/Style Two
MLS # 23-339365
Type Residential Income
Status Sold
SqFt 7876
Lot Size (SqFt) 7000
Lot Size (Acres) 0.1607
Year Built 1965
Interior
Total # of Baths 16
Total # of Bedrooms 16
Laundry Lease
Flooring Laminate, Carpet
Exterior
# Parking Spaces 14
Parking Desc Other
Add'l Structures Other
Amenities / Utilities
Equipment Other
Inclusions The Adjacent 1171 E Meta St Building Is Also Included In This Listing On A Separate
Location
County Ventura
Zoning DR
APN 073-0-152-150
Multifamily Details
Unit 1: Furnished No
Unit 1: Projected Rent 25583
Unit 1: # Beds 1
Unit 1: Rent 1599
Owner Pays Water, Gardener
Unit 1: # Baths 1
Unit Type 2106
Unit 1: Actual Rent 25583
Total # Of Buildings 2
Net Operating Income 193129
Vacancy Rate 5%
Gross Income 306996
Gross Operating Income 293096
Gross Rent Multiplier 12.87
Total Annual Expenses 99967
Lot/ Land Details
Add'l APN True
$5.09M
Range: $4.58M-$5.6M
Last 30 days 
  • Apr 2024
    mls logo MLS # 23-339365
  • Apr 19, 2024 Sold
    —
  • Feb 20, 2024 Active
    —
  • Feb 20, 2024 Pending
    —
  • Nov 17, 2023 Listed
    $3,950,000
  • Year Property taxes Tax assessment
  • 2024
    $2,307 +1.2%
    $198,596
  • 2023
    $2,280 +7.0%
    $198,596 +2.0%
  • 2022
    $2,130 +1.9%
    $194,702 +4.04%
  • 2021
    $2,091 +0.9%
    $187,143
  • 2020
    $2,072 +1.8%
    $187,143 +1.04%
  • 2019
    $2,035 +1.6%
    $185,225 +2.0%
  • 2018
    $2,003 +4.0%
    $181,594 +4.04%
  • 2016
    $1,927 +1.0%
    $174,544
  • 2015
    $1,907
    —
  • 1159 E Meta St
    $4M
  • Downtown Ventura
    $1.05M +6% y/y
  • 93001
    $1.5M +16% y/y
  • Ventura
    $999K -1% y/y
No chart available
Statistics calculated by Movoto

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5/10
Lincoln Elementary School
public Grades K-5
Ventura Unified School District
6/10
Cabrillo Middle School
public Grades 6-8
Ventura Unified School District
6/10
Ventura High School
public Grades 9-12
Ventura Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

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