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Rare Downtown Ventura property with commercial mixed use zoning by the beach! Two separate houses and detached double garages. One house is a classic craftsman style house with hardwood floors and built in cabinets and detailed moldings. The other house is set up as a duplex. Many value added possibilities with this property! Also in each garage you can make an ADU to have a total of four rentable units. Rent the front building to a commercial business. This area is the IN location as you can walk to the beach & pier and downtown breweries/restaurants/theaters with new apartments and ocean view condominiums of over 1 million+ dollars close by. "¢ Unique Craftsman style unit built in the 1920's in beautiful Downtown Ventura of a 1 bedroom plus a 1 meditation room + 1 bathroom. "¢ Modern unit built in 1950's walking distance to Ocean & Pier of a Frontage house = 3 bedrooms + 1.5 bathrooms plus a 1 studio + 1 bathroom "¢ Courtyard style units with new windows and doors. "¢ Close distance to Ocean, Pier, Restaurants, Theaters, Ventura College, Oxnard College, and California State University Channel Islands "¢ Value-add opportunities of: short term rentals, build 4 stories up apartment, commercial (restaurant, market, etc.) zoned "¢ Excellent Unit Mix (1) storage garage + parking spot, (1)- Studio, (1) - 2bed/1bath, (1)- 3bed/2bath "¢ 2 car's Enclosed parking garages "¢ Tenants pay all utilities and trash "¢ Development potential as on Thompson Boulevard frontage with commercial zoning "¢ Can be sold together with property in back at 153, 155, 157 South Laurel Street "¢ Current Cap Rate is 7 % "¢ GRM is 12.44 "¢ PRICED TO SELL !
Property Type(s):
Residential Income
| Last Updated | 7/29/2025 | Tract | Downtown Ventura |
|---|---|---|---|
| Year Built | 1922 | Community | VC24 - California St. to Mills Rd |
| Garage Spaces | 2.0 | County | Ventura |
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Convection Oven, Free-Standing Range, Gas Oven, Water Heater |
| AREA | VC24 - California St. to Mills Rd |
| BASEMENT | Sump Pump, Yes |
| CONSTRUCTION | Block, Board & Batten Siding, Frame, Stucco |
| EXTERIOR | Garden |
| FIREPLACE | Yes |
| GARAGE | Yes |
| HEAT | Fireplace(s), Wall Furnace |
| INTERIOR | Built-in Features, Ceiling Fan(s), Granite Counters, Open Floorplan, Pantry, Storage, Tile Counters |
| LOT | 6399 sq ft |
| LOT DESCRIPTION | Garden, Landscaped |
| PARKING | Assigned, Covered, Carport, Guest, Private |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 1 |
| STYLE | Craftsman |
| SUBDIVISION | Downtown Ventura |
| UTILITIES | Electricity Available, Electricity Connected, Phone Available, Sewer Available, Sewer Connected, Underground Utilities, Water Available |
| VIEW | Yes |
| VIEW DESCRIPTION | City Lights, Hills, Mountain(s), Neighborhood |
| WATER | Public |
| WATERFRONT DESCRIPTION | Beach Access, Ocean Access |
Location
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