128 E B ST Street Port Hueneme, CA 93041

All four units of this property include two-bedroom, one-bathroom units that incorporates approximately 812 square feet each (3,248 square feet). All four units are rented for $900 per month, because there have been no significant upgrades, and the seller has not pushed rents accordingly. Consequently, the purchaser would be expected to upgrade/update the entire property to put the property condition to a certain level that would generate market rents. According to the statewide rent control adopted in 2021, the new owner would be required to pay each tenant vacated a relocation assistance fee of at least one-month rent amount. Once the property is upgraded, the new rents are projected to be at least $2,200, or 145% higher than the existing rents.