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42 E Thompson Blvd
Ventura, CA 93001 Downtown Ventura

$2,050,000 USD

Apartments For Sale • 4,210 SF

Property Details

Property Type Apartments
Total Building Size 4,210 SF
Lot Size 0.03 AC
Building Class B
Year Built 2006
Cap Rate 3.17 %
Zoning T4.3

60 Transit Score

50 Walk Score

                
                    Highlights
                
                                Three Separate APNs · Multiple Exits - Each of the three condominiums is held under its own APN (073-0-380-025, 035, 045)
                            
                                Built-In Condominium Equity - Offered at just $487 / SF as a whole asset, while comparable individual condo sales in Ventura 93001 average $674 / SF 
                            
                                2006 Construction · Not Rent Controlled - The 2006-vintage building is not subject to any form of local rent control
                            
                                Embedded Rent Upside - In-place rents of $105,480 grow to $123,600 at market — a 17.2% increase — with loss-to-lease of roughly 17% 
                            
                                Walk to Beach, Pier & Downtown - Steps from Surfers Point, the Ventura County Fairgrounds, San Buenaventura State Beach, and  Ventura Pier & Promenade
                            
                                Premium Unit Mix & Amenities - Two large 2+2 residences and one 3+2 — each with private garage, private patio, in-unit washer/dryer, dishwasher, etc

Property Flyers

42-46 E Thompson Blvd — Offering Memorandum Comp

Financial Summary (Actual)

Net Operating Income: $65,070 USD (2025)

Cap Rate:	3.17 %
Total Expenses:	$40,410 USD

Amenities

Air Conditioning
Balcony
Dishwasher
Disposal
Microwave
Washer/Dryer
Ceiling Fans
Granite Countertops

Public Transportation

Commuter Rail	Drive	Walk	Distance
Ventura Amtrak (Pacific Surfliner - Amtrak)	2 min	6 min	0.3 mi
East Ventura Metrolink Station (Metrolink Ventura County Line - Metrolink Trains)	10 min	-	6.7 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	3
Type:	Covered
Included in Rent:	Yes

John Swartz 310-779-9929 Compass Commercial

42 E Thompson Blvd Ventura, CA 93001 Downtown Ventura