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Sold on 08/13/2023

3574 Preble Ave, Ventura, CA 93003

$14,714,834

Last sold 08/13/2023 for $9.8M

  • 6

    bed

  • 4

    bath

  • 25,004

    Sqft ($392/Sqft)

Multi-family not for sale
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About 3574 Preble Ave

Property type Multi-family
Neighborhood
Year built 1962
HOA fee $0/month
Lot size 0.57 Acre
Movoto estimate
Property description
Value-add 38 unit apartment building opportunity for only $267k/unit in the low turnover sale marketplace of city of Ventura. 14.1 GRM, 4.4% CAP on actual and 11.0 GRM, 6.3% CAP on market rents. Tradewinds Apartments is set on a .89 acre lot w/ garage parking, pool and laundry room. Convenient location near Pacific View Mall & Lowes, Community Memorial Hospital, Ventura College, Ventura Harbor and local beaches plus easy access to both the 101 and 126 freeways. Unit mix consists of (1) 3BD/1BA, (4) 2BD/1BA, (18)1BD/1BA and (15) studios. Utilities sep metered for electric and gas and (2) 100 gallon water heaters service building. Major upside in rental rates. Available reports include: General inspection, termite, roof and sewer lateral. OFFER DUE DATE AUG 4th @ 12PM
Listed by
Listing Agent - Nick Henry
Listing Agent Contact: Nick@beachsidepartners.com
Listing Office - Beachside Partners
Source: Santa Barbara AOR mls logo
MLS#23-2132 • last updated 2 years ago
Movoto checked Santa Barbara AOR for data 1 hour ago
Overview
MLS # 23-2132
SqFt (Living Area) 25004
Status Closed
Lot Size (Acres) 0.57
Lot Size (Sqft) 25004
Year Built 1962
Interior
Laundry Laundry Room
Exterior
Parking Garages
Location
Area 0 - VENTURA
Elementary School Other
Middle School Other
High School Other
APN 075-0-284-145
Multifamily Details
Total # of Units 38
Total Rent 59854
Gross Income 718248
$14.7M
Range: $13.2M-$16.1M
Last 30 days 
  • Dec 2023
    mls logo MLS # V1-19141
  • Dec 22, 2023 Sold
    $9,800,000
  • Sep 1, 2023 Pending
    —
  • Aug 14, 2023 Active
    —
  • Jul 20, 2023 Listed
    $10,100,000
  • Dec 2023
    Public Records
  • Dec 22, 2023 Sold
    $9,800,000 (-3.0%)
  • Jul 2023
    mls logo MLS # 23-2132
  • Jul 19, 2023 Listed
    $10,100,000
  • Year Property taxes Tax assessment
  • 2024
    $106,389 +135.7%
    $9,796,400
  • 2023
    $45,137 +7.5%
    $9,796,400 +143.19%
  • 2022
    $41,969 +1.6%
    $4,028,245 +2.0%
  • 2021
    $41,322 +1.2%
    $3,949,260 +0.11%
  • 2020
    $40,842 +1.9%
    $3,944,924 +1.29%
  • 2019
    $40,077 +1.6%
    $3,894,825 +2.04%
  • 2018
    $39,440 +4.1%
    $3,816,787 +4.03%
  • 2016
    $37,892 +1.7%
    $3,669,100
  • 2015
    $37,244
    —
  • 3574 Preble Ave
    $9.8M
  • Midtown
    $1.09M -19% y/y
  • 93003
    $869K -4% y/y
  • Ventura
    $975K -2% y/y
No chart available
Statistics calculated by Movoto

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5/10
Lemon Grove
public Grades K-8
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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