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Rare Downtown Ventura property with ocean views by the beach!. Two recently upgraded houses and attached garage. One building is set up as a duplex and is a classic craftsman style house with hardwood floors and built in cabinets and detailed moldings. The other house is is a newer mediterranean style house with ocean views from the second and 3rd floor deck. Many value added possibilities with this property! In the garage you can easily make an ADU to have a total of four rentable units. This area is becoming the IN location as you can walk to the beach & pier and downtown breweries/restaurants/theaters. Unique Craftsman style units built in the 1920’s in beautiful Downtown Ventura1 Mediterranean unit built in 2008 walking distance to OceanCourtyard style unitsClose distance to Ocean, Pier, Restaurants, Theaters, Ventura College, Oxnard College, and California State University Channel IslandsValue-add opportunities of: short term rentals, ADU’s, build many stories up apartmentExcellent Unit Mix (1)- 1bed/1bath, (1)- 2bed/2bath, (1)- 2bed/1bath1 car Enclosed parking garageTenants pay all utilities and trashDevelopment potentialCan be sold together with property in back at 967-963 East Thompson Blvd.Current Cap rate is 5.06%Current GRM is 17.5
Last Updated | 9/4/2024 | Tract | ,Downtown Ventura |
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Year Built | 2008 | Community | California St. to Mills Rd |
Garage Spaces | 1.0 | County | Ventura |
Price History
Prior to Sep 4, '24 | $1,720,000 |
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Sep 4, '24 - Today | $1,695,000 |
Additional Details
APPLIANCES | Disposal, Free-Standing Range, Gas Water Heater |
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AREA | California St. to Mills Rd |
CONSTRUCTION | Asphalt, Drywall, Frame, Glass, Plaster, Stucco, Wood Siding |
FIREPLACE | Yes |
GARAGE | Covered, Garage Faces Front, Guest, Private, Uncovered, Yes |
HEAT | Floor Furnace |
HOA DUES | 0 |
INTERIOR | Attic, Balcony, Bedroom on Main Level, Built-in Features, Ceiling Fan(s), Granite Counters, Open Floorplan, Pantry, Storage, Walk-In Closet(s) |
LOT | 6000 sq ft |
LOT DESCRIPTION | 0-1 Unit/Acre, Back Yard, Front Yard, Near Park, Sprinkler System, Sprinklers In Front, Sprinklers Timer, Street Level, Trees, Walkstreet, Yard |
PARKING | Covered,Garage Faces Front,Guest,Private,Uncovered |
POOL DESCRIPTION | None |
SEWER | Public Sewer |
STORIES | 1 |
STYLE | Craftsman, Mediterranean |
SUBDIVISION | ,Downtown Ventura |
UTILITIES | Cable Available,Electricity Connected,Sewer Connected,Underground Utilities,Water Connected,Overhead Utilities |
VIEW | Yes |
VIEW DESCRIPTION | City Lights,Coastline,Landmark,Mountain(s),Ocean,Panoramic,Pier,Water |
WATER | Public |
WATERFRONT | Yes |
WATERFRONT DESCRIPTION | Across the Road from Lake/Ocean |
ZONING | DR |
Location
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