Charming 3 bed 2 bath beach bungalow in Ventura’s quaint Pierpont Bay. This Short Term Vacation Rental would make the perfect 1031 exchange, as for the past 22 years, the owner has built a  Book of Business through his exclusive web domain VenturaBeachCottage.com and is currently rented monthly through Aug. at 10k per mo.   Multimillion-dollar homes surround this property and have upside potential as values have soared for Ventura beach homes as we are the last affordable ocean coast community in Southern California. It is only 60 miles from downtown Los Angeles and less than 35 minutes from Santa Barbara, where prices are 50% higher and not as close to the water. The seller states a $100,000 gross income and a net income (including new projected property tax) of approximately $71,867; this equates to a 4.5% cap rate. The owner will provide actual income and expense figures upon acceptance of the offer. Do not go to the property.  Visit www.VenturaBeachCottage.com and check it out, then call Fred Evans RE/MAX Gold Coast Realtors at 805 267-6701  for more details.  Offered at $1,595,000.