Cash Cow! $69k annual gross - 7% ROI!! Very nicely taken care of. Brand new painted exterior. Grab this one quick. No returns like this anywhere in Ventura County.
Cash Cow! $69k annual gross - 7% ROI!! Very nicely taken care of. Brand new painted exterior. Grab this one quick. No returns like this anywhere in Ventura County.
Multi-familyProperty Type
1974Year Built
7,455 sq ftLot Size
$312Est. Price/Sq.Ft.
Bought with • SANDICOR, Inc.
Source:SDMLS #301708681
Redfin Estimate
$1,377,715
$70K since sold in July 2024$37K since September
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 32.8% higher than the average sale price ($1.04M) of 6 comparable homes.
Cash Cow! $69k annual gross - 7% ROI!! Very nicely taken care of. Brand new painted exterior. Grab this one quick. No returns like this anywhere in Ventura County.
Cash Cow! $69k annual gross - 7% ROI!! Very nicely taken care of. Brand new painted exterior. Grab this one quick. No returns like this anywhere in Ventura County.
CSMAR #90011739
Mar 30, 2010
Listing Removed
—
Jul 12, 2009
Listed
$499,900
$113/sq ft
Public Records
Feb 8, 2010
Sold
$524,500
$119/sq ft
Public Records
Mar 1, 2006
Sold
$1,060,000
$240/sq ft
Public Records
Aug 21, 2003
Sold
$629,000
$142/sq ft
Public Records
Nov 6, 2000
Sold
$368,000
$83/sq ft
Public Records
Jul 6, 1977
Sold
$112,000
$25/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$16,188 (+45.1%)
$877,200 + $456,960
$1,334,160
2024
$11,158 (+3.8%)
$860,000 + $448,000
$1,308,000
2023
$10,751 (+3.1%)
$533,868 + $367,786
$901,654
2022
$10,427 (+0.8%)
$523,400 + $360,575
$883,975
2021
$10,344 (−1.8%)
$513,138 + $353,505
$866,643
2020
$10,537 (+2.9%)
$503,076 + $346,574
$849,650
2019
$10,239 (+1.4%)
$497,918 + $343,021
$840,939
2018
$10,096 (+5.4%)
$488,155 + $336,296
$824,451
2017
$9,581 (+40.5%)
$469,200 + $323,238
$792,438
2016
$6,817 (−1.1%)
$469,200 + $323,238
$792,438
2015
$6,890 (+1.1%)
$272,598 + $298,660
$571,258
2014
$6,814 (−0.3%)
$263,246 + $288,413
$551,659
2013
$6,836 (+4.3%)
$263,246 + $288,413
$551,659
2012
$6,557 (+7.5%)
$262,057 + $287,110
$549,167
2011
$6,100 (−5.9%)
$256,919 + $281,481
$538,400
2010
$6,480 (−1.4%)
$250,000 + $250,000
$500,000
2009
$6,573 (−31.7%)
$250,000 + $275,000
$525,000
2008
$9,619
$250,000 + $290,000
$540,000
Tax history for 1111 W 7th St
Year
Property tax
Land + Additions
Assessment*
2025
$16,188 (+45.1%)
$877,200 + $456,960
$1,334,160
2024
$11,158 (+3.8%)
$860,000 + $448,000
$1,308,000
2023
$10,751 (+3.1%)
$533,868 + $367,786
$901,654
2022
$10,427 (+0.8%)
$523,400 + $360,575
$883,975
2021
$10,344 (−1.8%)
$513,138 + $353,505
$866,643
2020
$10,537 (+2.9%)
$503,076 + $346,574
$849,650
2019
$10,239 (+1.4%)
$497,918 + $343,021
$840,939
2018
$10,096 (+5.4%)
$488,155 + $336,296
$824,451
2017
$9,581 (+40.5%)
$469,200 + $323,238
$792,438
2016
$6,817 (−1.1%)
$469,200 + $323,238
$792,438
2015
$6,890 (+1.1%)
$272,598 + $298,660
$571,258
2014
$6,814 (−0.3%)
$263,246 + $288,413
$551,659
2013
$6,836 (+4.3%)
$263,246 + $288,413
$551,659
2012
$6,557 (+7.5%)
$262,057 + $287,110
$549,167
2011
$6,100 (−5.9%)
$256,919 + $281,481
$538,400
2010
$6,480 (−1.4%)
$250,000 + $250,000
$500,000
2009
$6,573 (−31.7%)
$250,000 + $275,000
$525,000
2008
$9,619
$250,000 + $290,000
$540,000
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Zoning
R4PD
High Rise - Planned Development (Additive) Zone
The purpose of the R-4 zone is to provide a district for high-density, multi-family dwellings, emergency shelters for families, transitional housing, and supportive housing pursuant to statutory requirements, and other uses suitable for location within the city core and in other selected areas.; The purpose of this division is to authorize the designation of any of the basic zones established by this code as planned development zones by adding the letters P-D thereto. The P-D designation is intended to insure the orderly development of land in conformance with the general plan of the city and to permit departures from the restrictions imposed within the basic zones as specified in this chapter where justified by one or more of the following circumstances: When development is proposed in an area that the general plan has phased for development at a later time; When development is proposed in an area subject to a redevelopment plan; When development is proposed adjacent to or near public parks, public buildings or similar areas; When disparities between adjacent zones require protection of the more restricted zone; When development is proposed that does not conform to the standards of the basic zone, but offers advantages if properly conditioned to protect nearby uses. Such development includes but is not limited to: Commercial development near residential development.; Multiple-family development near single-family development; Research and manufacturing development near commercial or residential development; When development is proposed near areas of public interest, such as areas of natural beauty, natural resources or historical interest, and public parks, civic centers and monuments; When development of a planned residential group is proposed.; Another purpose of this division is to ensure that development occurs in substantial conformance with plans or uses in connection with an application for rezoning.