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9562 Lucerne Street
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Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 22, 2022 | Sold | ||
| Sold | |||
| Sep 20, 2021 | Listed by eXp Realty of California Inc | $849,996 | |
| Listed by eXp Realty of California Inc | |||
| Aug 6, 2021 | Sold | ||
| Sold | |||
| Jul 23, 2021 | Listed by Meridian Estate Brokerage, Inc | $720,000 | |
| Listed by Meridian Estate Brokerage, Inc | |||
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This 4-bedroom, 3-bath, over 2,000 sqft, 2-story home in a desired east Ventura neighborhood has TONS of potential, perfect for do-it-yourselfers or investors! It has a bright, open floorplan with 3 BRs on the 1st level, including the master BR! Upstairs, you'll find the 4th BR, which could be a 2nd master BR, and a big loft with potential use as a 5th BR! This is a probate sale, no court approval required. This fixer had been in the early stages of an extensive remodel and is in need of significant rehab. There are some desirable improvements such as added skylights, and the apparent removal of most of the home's acoustic ceiling material. In addition, an extensive amount of new, still-in-the-box cabinetry is included with the home, awaiting your install! Downstairs, the double door entry leads to a living room with a brick fireplace and skylight, and a separate family room off the kitchen, both good size and with 2-story vaulted ceilings! The kitchen, which overlooks the backyard and has plenty of cabinet & counter space, including a breakfast bar off the FR, does need complete updating. Also off the kitchen is a separate formal dining room with vaulted ceiling! The large downstairs master BR with vaulted ceiling, big walk-in closet, and a sliding glass door out to a semi-private rear patio, has its own private bath with shower/tub & skylight. The other two good-size 1st floor BRs share a hall bath with shower/tub. Upstairs, the big 4th BR with beamed cathedral ceiling and newer vented skylight overlooks the backyard and has direct access to the unfinished 3rd bathroom. This upstairs bath, which also opens to the hallway & has a skylight, is presently bare, needing a full rehab. The big, open loft with closet area overlooks the living room. The 2-car attached garage with direct access into the home opens to an extra wide driveway for plenty of parking and has laundry area/connections. The landscaped 2 level backyard has fruit trees and steps down to the lower level. There are no homes directly behind this property, with lightly used (per neighbor) train tracks beyond the rear wall. This home features central heating, is close to a park, and is minutes to schools, restaurants, shopping, downtown Ventura, area beaches & harbors, Hwy 126, golf, Heritage Valley & much more! Don't miss this unique opportunity! Sold AS-IS. Buyer to investigate all to their satisfaction.
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About San Buenaventura (Ventura)
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017