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Rare Ocean View Investment in Downtown VenturaJust steps from the beach, this exceptional Downtown Ventura property features two updated homes with stunning ocean views. The classic 1920s Craftsman duplex showcases vintage charm with modern touches, while the newer Mediterranean-style home offers sweeping views from its upper-level decks.With a versatile layout and value-add potential--including ADU conversion and short-term rental possibilities--this property could offer up to four rentable units. Enjoy a walkable lifestyle near the beach, pier, dining, hikes, and more. Surrounded by luxury developments, this is a prime opportunity in a thriving neighborhood.Highlights: Ocean views & walk-to-beach location Craftsman duplex + 2008 Mediterranean home Flexible unit mix: (1) 1 bed/1 bath, (1) 2 bed/1 bath, (1) 2 bed/2 bath Courtyard-style layout with attached garage Tenants cover utilities & trash Development potential & ADU-ready garage Option to purchase neighboring property at 967-963 E Thompson BlvdCurrent Cap rate is 6.44%Current GRM is 13.5Back tenants plan to leave, rents can be pushed up closer to $4,250 increasing the cap rate to 6.62% with a GRM of 13.19 at current price. Seller is willing to put new tenants in place, projected rents with new back tenant in place $9,445.Don't miss this unique investment in one of Ventura's most desirable coastal communities!157 Laurel 1302 sqft2 bed 2 bath155 Laurel493.25 sqft1 bed 1 bath153 Laurel 1118.5 sqft2 bed 1 bath
Property Type(s):
Residential Income
| Last Updated | 6/25/2025 | Tract | Not Applicable |
|---|---|---|---|
| Year Built | 2009 | Community | VC24 - California St. to Mills Rd |
| Garage Spaces | 1.0 | County | Ventura |
Additional Details
| AIR | None |
|---|---|
| AREA | VC24 - California St. to Mills Rd |
| EXTERIOR | Balcony |
| FIREPLACE | Yes |
| GARAGE | Yes |
| HEAT | Floor Furnace |
| LOT | 5998 sq ft |
| PARKING | Assigned |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 3+ |
| SUBDIVISION | Not Applicable |
| VIEW | Yes |
| WATER | Public |
Location
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Listed with LIV Sotheby's International
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