370 N Ventura Ave

Oak View, California 93023

$1,679,000 0 Beds 4.0 Baths 7,363 sq ft MLS# 18-3946

About 370 N Ventura Ave

Rare opportunity to purchase investment property that is well established. Great for a 1031 exchange.The Gross income is approx. $114,120.00 with built-in annual increase per leases. With an approx. 5.67% return on your investment. Gateway Shopping Plaza is located at the main entrance to the Ojai Valley, with direct access off the main road. Gateway Plaza is so fitting since it is central located for locals and new comers to enjoy. With the 5 rentals 4 have been long term residents. . Previously know as the Purple Wagon Square. Which as history has it Sheb Wooley, Johnny Cash and an acquaintance who was a real estate developer. Together they built the Purple Wagon Mail in Oak View, named for Sheb's runaway bestselling purple song Flying, Purple People-Eater. Sellers retiring Rare opportunity to purchase investment property that is well established. Great for a 1031 exchange.The Gross income is approx. $114,120.00 with built-in annual increase per leases. With an approx. 5.67% return on your investment. Gateway Shopping Plaza is located at the main entrance to the Ojai Valley, with direct access off the main road. Gateway Plaza is so fitting since it is central located for locals and new comers to enjoy. With the 5 rentals 4 have been long term residents. . Previously know as the Purple Wagon Square. Which as history has it Sheb Wooley, Johnny Cash and an acquaintance who was a real estate developer. Together they built the Purple Wagon Mail in Oak View, named for Sheb's runaway bestselling purple song Flying, Purple People-Eater. As you enter to this Plaza you pass the near by Post office and Bank. Go to the Large parking lot, 100% occupied per seller. Current owner is retiring.

370 N Ventura Ave Details

MLS #18-3946
Price$1,679,000
StatusActive
Beds0
Baths4.0
Half Baths1
Square Feet7,363
Lot Size34351.0
Zip Code93023
Area02 - OJAI
Property TypeCommercial

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