This property boasts a strong unit mix comprised of six two-bedroom, one-bathroom units and one two-bedroom, one-and-a-half bathroom unit. While the gross income of the property hovers around $150,000 annually, the unit rents vary, but the average is approximately $1,760 per month, leaving significant upside as legal rent increases are permitted. The financial metrics offered based on the asking pricing is a 13.9 GRM and a 4.6% cap rate. Along with the property benefitting with copper plumbing throughout, the seller has consistently maintained and renovated this property throughout his over 10-year ownership period, Those updates include new floors, kitchen countertops, and new bathroom fixtures as needed throughout.
The subject property consists of 15 residential units, all of which contain 390 sq. ft. each (5,863 total sq ft), with all units contained within eight building structures (seven duplexes and one building housing one additional unit) built in 1926. Parcel size is approximately 33,105 sq ft. This building spatial configuration provides for a large open area currently used by tenants as open area, but is available for the following ADU additions. On September 19th of this year, SB 1211 was signed into law, which affords an owner of a multifamily property the ability to secure entitlements for the same number of ADUs as the existing residential units, up to a maximum of 8 ADUs.The property currently generates $17,225 ($1,148/unit average) for a total gross annual rental income of $206,700, making the financial metrics a 12.8 GRM & a 4.6% cap rate.
Beautifully remodeled English Tudor home with a separate one-bedroom, one-bathroom guest house, situated in the heart of Mid-town Ventura. This stunning property offers a total of three bedrooms and one and three-quarter bathrooms in the main residence. Upon entering, you'll find a spacious living room with coffered ceilings that create an open, airy feel, complemented by ample natural light from the large picture windows. A small coat closet adds a touch of convenience. Adjacent is the elegant dining room, featuring intricate wainscoting, a new light fixture, and built-in cabinetry for added storage. The newly remodeled kitchen is a chef’s delight, boasting quartz countertops, custom white cabinetry, new stainless steel appliances, and a double sink setup with both a main and prep sink. Under-counter lighting, a large movable butcher block, and all-new flooring complete this modern space. The main house includes three generously sized bedrooms, each with ample closet space. One bedroom features a built-in desk, perfect for a home office setup. The hallway bathroom showcases a glass tile tub/shower combination and a double vanity with quartz countertops. The third bedroom includes a 3/4 bath with a stylish subway tile shower. A spacious family room at the rear of the home, equipped with a countertop and sink, offers versatile use as an office, entertainment space, or even a fourth bedroom. Recent upgrades include all-new electrical fixtures, updated plumbing, and window treatments. A prolific avocado tree highlights the backyard, and a private two-car garage with in-house laundry hookups provides convenience. The standalone one-bedroom, one-bathroom guest house at the back of the property features a split-level layout with a fresh, fully repainted interior. The charming kitchen includes custom cabinetry and a wet bar, new downstairs flooring, updated lighting fixtures, and blinds. The spacious downstairs living area leads to a large upstairs bedroom with original hardwood floors and an updated bathroom with gray subway tile and new vanity lighting. A large private yard—ideal for summer barbecues—has been recently revamped. Separate laundry hookups are also available in this unit, and portions of the driveway have been repoured. This unique property is a blend of classic charm and modern convenience—not to be missed!
(2) 3-unit apartment properties on 2 lots in downtown Ventura within blocks of beach and amidst Ventura's most vibrant new neighborhood surrounding Front ST. 14.6 GRM, 4.8% CAP on current rents. 153-157 S Laurel ST features a 1928 craftsman style duplex composed of 2/1 & 1/1 units each with a small yard or patio, along with a 2011 built 2-story Mediterranean style 2/2 that includes an ocean view rooftop deck and 1-car garage. 963-967 E Thompson includes a duplex, composed of 3/1.5 & studio, plus a detached single-story 2/1 craftsman home and 2 detached 2-car garages at rear. Lush landscaping separates each unit providing privacy and tranquility. Units will always be in high demand as tenants can walk to beaches, parks, schools, breweries & eateries plus steps to Main St.
Tremendous investment potential for (2) 3-unit apartment properties on 2 lots in downtown Ventura within blocks of the beach, pier and amidst Ventura's most vibrant new neighborhood around Front ST. 14.8 GRM, 4.7% CAP on current rents. 153 South Laurel ST & 967 E Thompson BLVD feature 4 detached residential buildings along with 5 garage spaces on a combined 11,760 SF of land with zoning allowing for both residential and commercial use plus potential for short term rentals. Further units may be added through ADU conversion of garages under SB 1211. Units each have unique charm and offer updated interiors, yards or patios and 4 of the 6 units have interior laundry hookups. Tenants pay all utilities. Flexible financing options either through one commercial loan or more leverage through 2 separate residential loans. Building fronting Thompson offers flexibility to remain all residential or be converted to partial or all commercial in one of the highest traffic counts in city of Ventura. Lush landscaping separates each unit providing privacy and tranquility. Units will always be in high demand as tenants can walk to surf breaks, parks, schools, breweries & eateries plus entertainment venues around Front ST, across the walk bridge at C Street or downtown.153-157 S Laurel ST features a 1928 Craftsman style 1-story duplex in front, 2/1 & 1/1 apartments each with a small yard or patio, along with a 2011 built 2-story Mediterranean style 2/2 in back, including an ocean view rooftop deck and 1-car garage. Interiors of front duplex recently received new kitchen cabinets and countertops.963, 967 E Thompson includes a 1-story Craftsman style house that fronts Thompson currently set up with a duplex, 3/1.5 & small studio, plus a detached single-story 2/1 classic Craftsman home and 2 detached 2-car garages at rear. Recent updates at 963 include new roof, upgraded electrical panel, 6 new windows.
Classic California cottage plus leased studio on one of the best streets in Ventura. The spacious front home has 3 bedrooms and 2-1/2 baths. The open-concept living room and dining room are sunny and bright with a wood-burning fireplace. The kitchen has been remodeled with new cabinets, granite countertops and wood-like floors. It is spacious enough for a table and chairs. There is a large laundry room. The exterior of this duplex was painted within the past 2 years. Interior of the main house was recently painted, and new floor coverings were just installed. A deck off the front house provides room to grill to your heart's content. Detached from the main house is a studio, currently leased to a wonderful month-to-month tenant who takes excellent care of his home and is happy to stay if a buyer so desires. Studio has its own private yard. The kitchen is updated with new cabinets and granite countertops. The interior and exterior of the studio were both painted two years ago. New floor covering was also installed at that time. Each unit has a shed with a lockable entrance. This part of Ventura is exceptionally walkable, though quiet and peaceful. Located nearby are coffee shops, bars, breweries, bookstores and vintage clothing shops as well as beautiful San Buenaventura Beach. This property offers amazing flexibility for a lucky buyer. Entrance to studio upon accepted offer. Realtor holds an ownership interest in this property.
This rare Ventura Pierpont Beach four-plex, located just eight lots from the sand, sits on an extra-large lot, making it a standout investment opportunity in the highly sought-after Pierpont Beach area. Nestled in a quaint beach town just south of Santa Barbara and north of Malibu, this property offers the best of coastal California living, with nearby access to Pierpont's beloved restaurants, pubs, and shops, all just a few blocks away.Each of the four 1-bedroom, 1-bath units features an updated and efficient layout with charming touches, including a galley-style kitchen, ample closet space in the bedroom, and a full bathroom. Two of the units are situated upstairs, showcasing vaulted ceilings that add an airy feel, while one of these units also enjoys lovely ocean views. The two ground-floor units provide easy access and share the same well-designed floor plan.For comfort, each unit is equipped with a wall-mounted air conditioner and heating unit, ensuring residents enjoy year-round climate control. Unlike many beach properties, this four-plex offers plentiful parking, including an attached carport with designated spaces for each unit. The property currently brings in approximately $40,000 per unit annually, demonstrating solid income potential. Its combination of proximity to the beach, spacious lot size, and thoughtful updates is exceptionally rare in Pierpont Beach, providing investors with a unique chance to own a high-potential, income-generating property in a premier location.
This rare Ventura Pierpont Beach four-plex, located just eight lots from the sand, sits on an extra-large lot, making it a standout investment opportunity in the highly sought-after Pierpont Beach area. Nestled in a quaint beach town just south of Santa Barbara and north of Malibu, this property offers the best of coastal California living, with nearby access to Pierpont's beloved restaurants, pubs, and shops, all just a few blocks away.Each of the four 1-bedroom, 1-bath units features an updated and efficient layout with charming touches, including a galley-style kitchen, ample closet space in the bedroom, and a full bathroom. Two of the units are situated upstairs, showcasing vaulted ceilings that add an airy feel, while one of these units also enjoys lovely ocean views. The two ground-floor units provide easy access and share the same well-designed floor plan.For comfort, each unit is equipped with a wall-mounted air conditioner and heating unit, ensuring residents enjoy year-round climate control. Unlike many beach properties, this four-plex offers plentiful parking, including an attached carport with designated spaces for each unit. The property currently brings in approximately $40,000 per unit annually, demonstrating solid income potential. Its combination of proximity to
Welcome to the historic Blackburn Home, a stunning example of Queen Anne architecture nestled in the heart of downtown Ventura. This unique property offers a rare opportunity for both residential and mixed-use commercial endeavors. With 6,905 square feet of versatile space, the possibilities are endless for an owner-user or savvy investor seeking a dynamic property with a retail storefront. Situated on a generous 17,620-square-foot lot, the main house spans three levels and 5,890 square feet, making it ideal for use as an office or residence. The third-floor space has its own entrance, along with a kitchen and full bath. Additionally, there is a rear unit above the garage, which is a 1-bedroom apartment, approximately 624 square feet, as well as a street-level retail section with three offices and a bathroom, totaling approximately 400 square feet.The property also boasts six garages, perfect for secure storage or personal use, and an additional parking lot that enhances accessibility and convenience. Whether you envision a chic urban residence, a bustling office space, or a blend of both, this property offers incredible flexibility. As an added benefit, the property qualifies for the Mills Act, offering potential tax savings. Located in Ventura's vibrant downtown, this property provides immediate access to the best dining, shopping, and cultural experiences, while also being just blocks from the beach.This is more than just a property; it's a canvas for innovation. Seize the opportunity to own a piece of Ventura's history with modern-day potential.
Great investment opportunity. Or live in one and rent. . Location is fabulous, close to school, downtown and near to ventura Co. beautiful???????????????????????????????????????? beaches
Great investment opportunity. Or live in one and rent. . Location is fabulous, close to school, downtown and near to ventura Co. beautiful beaches
Discover a fantastic investment opportunity with this Ventura Keys quadplex at 2621 Harbor Blvd. Situated just moments from the beach and vibrant downtown Ventura, this property offers a unique chance to generate income while enjoying the coastal lifestyle. This quadplex features four light and airy units with great living space and private balconies.Unit 1: 3 bedroom 2 bath (approx 1420 sq ft), Unit 2: 2 bedroom 2 bath (approx 1300 sq ft), Unit 3 and 4: 1 bedroom 1 bath (approx 750 sq ft each). Each unit has designated parking and an enclosed garage, ensuring convenience for tenants.There is a community laundry room with coin operated machines. The property has been professionally managed. Tenants pay electricity and gas while owner pays water/sewer/trash. Coveted and under supplied housing market of Ventura.
Great Spanish-Style Triplex Apartment Building in Ventura** This stunning 3-unit complex, featuring individual condominiums each with its own Assessor Parcel number, offers a unique investment opportunity. Built in 2006, the property features an attractive Spanish-style design with modern upgrades. Current rents well below market! Unit 42 is a 3-bed + 3-bath 1,651 sf; Unit 44 is a 2-bed + 2-bath 1,141 sf; Unit 46 is a 2-bed 2-bath 1,418 sf. Each unit includes an upgraded kitchen with stainless steel appliances and granite countertops. Wood laminate and tile flooring, attractive private balconies, fire sprinklers, fireplaces, mirrored closet doors, ceiling fans and attached garages are additional features to love! Separately metered for electricity and gas. Located within walking distance to downtown Ventura's restaurants, shops, Ventura Pier, and the beachfront, this property also offers easy access to the 101 freeway. Investors, don't miss the chance to purchase this unique offering!
Great Spanish-Style Triplex Apartment Building in Ventura** This stunning 3-unit complex, featuring individual condominiums each with its own Assessor Parcel number, offers a unique investment opportunity. Built in 2006, the property features an attractive Spanish-style design with modern upgrades. Current rents well below market! Unit 42 is a 3-bed + 3-bath 1,651 sf; Unit 44 is a 2-bed + 2-bath 1,141 sf; Unit 46 is a 2-bed 2-bath 1,418 sf. Each unit includes an upgraded kitchen with stainless steel appliances and granite countertops. Wood laminate and tile flooring, attractive private balconies, fire sprinklers, fireplaces, mirrored closet doors, ceiling fans and attached garages are additional features to love! Separately metered for electricity and gas. Located within walking distance to downtown Ventura's restaurants, shops, Ventura Pier, and the beachfront, this property also offers easy access to the 101 freeway. Investors, don't miss the chance to purchase this unique offering!
Incredible investment opportunity in the Ventura Keys! This ideally located duplex has a spacious downstairs 2+2 unit with a private courtyard, large backyard with patio & grassy area and so much potential. The upstairs 2+2 was recently renovated and has a beautiful kitchen with refinished cabinetry, quartz counters, vinyl plank flooring and newer carpet, scraped ceilings, interior laundry, updated bathrooms with granite counters, an oversized deck with hillside views (perfect for enjoying the coastal breeze, relaxing and entertaining!). There is also an additional balcony off the primary suite. Other features include 2 separate garage spaces, carport, exterior paint (2024) and recently paved driveway. Close proximity to local gems, restaurants, shops and entertainment. Great rental income opportunity. Don't miss out!!
Incredible investment opportunity in the Ventura Keys! This ideally located duplex has a spacious downstairs 2+2 unit with a private courtyard, large backyard with patio & grassy area and so much potential. The upstairs 2+2 was recently renovated and has a beautiful kitchen with refinished cabinetry, quartz counters, vinyl plank flooring and newer carpet, scraped ceilings, interior laundry, updated bathrooms with granite counters, an oversized deck with hillside views (perfect for enjoying the coastal breeze, relaxing and entertaining!). There is also an additional balcony off the primary suite. Other features include 2 separate garage spaces, carport, exterior paint (2024) and recently paved driveway. Close proximity to local gems, restaurants, shops and entertainment. Great rental income opportunity. Don't miss out!!
6-unit Ventura apartment complex for sale located close to Ventura College, Trader Joes and 2 hospitals. 2 CollegeDrive features (6) 2BD/1BA apartments with 6 garage spaces and an additional 6 uncovered spaces plus an onsitelaundry room. The building has a raised foundation and dual paned windows. 1 unit to be delivered vacant offering newowner flexibility in leasing out at market rate. One apartment was recently updated with new vinyl plank flooring, quartzcountertops, kitchen appliances, fresh paint and hardware. The garages offer an astute investor the potential to convertinto Accessory Dwelling Units (ADUs). 2 College Dr is conveniently situated near Ventura College, St. Bonaventure HighSchool, Pacific View Mall regional shopping center, Vons, local beaches and has easy access to major freeways. This is arare investment opportunity to own in one of Ventura's most coveted rental markets
These 8 units can be your bread and butter. Never any vacancies! 6 1 bedroom 1 bath and 2 2 +1 units. Windows have been replaced. Very clean stucco buildings with very low maintenance. Plenty of parking and possible room for ADUs. Buyer to confirm that this is possible. Current gross rent is $164,000 a year.
Excellent opportunity to acquire a turnkey Ventura 6-unit apartment building at a 5.1% Cap rate on current rents located just blocks from Community Memorial Hospital. 15 N Dos Caminos features a 1954 built 4plex at front of property with all 2BD/1BA units and 2 newly built 1BD ADU apartments in rear. The ADUs, measuring about 400 SF apiece, offer stainless steel appliances, quartz countertops, wood laminate flooring, custom tiled bathrooms, laundry hookups, tankless water heaters and split system heater/AC units. The fourplex recently received new dual pane retrofit windows, exterior paint, new roof (2018), new water heaters and plumbing upgrades with most of the water system being repiped with pex pipe. There is a community laundry room with coin operated machines. Tenants pay all electricity and gas while owner pays water/sewer/trash. Tenant friendly location close to hospital, Trader Joes and Vons groceries, Pacific View Mall regional shopping center, Ventura College and St Bonaventure High School plus nearby beaches and easy freeway access. Don't miss this opportunity to own a hassle free multifamily asset at an incentivizing 5.1% cap rate in the coveted and under supplied housing market of Ventura.
You don't want to miss out on this beautiful 6-unit property in our adorable beach community. Composed of a two bedroom one bath front house, a separate laundry room casita, and then a back unit comprised of: two, one bedroom units and three studios. From the moment you step inside, you are immediately impressed by the space, which has been completely remodeled. New kitchens boast gorgeous countertops, stainless-steel appliances, and plenty of cabinet space while the bathrooms feature brand new vanities. Plenty of windows fill the units with fresh air and sunshine, making them an easy show. Fruit trees throughout including fresh papayas and bananas. These great updates will help you find tenants fast and keep them long-term. Previous leases attached in documents for nearly $14,000 in rents. Updates to the property are seen throughout this beautiful, one of a kind, cap code designed income property.Located just minutes away from the beach in Ventura, this remarkable property is sure to go quickly. Architectural drawings available upon request.
Location, Location, Location! 10 unit apartment building close to the Pacific View Mall, Lowes, Community Memorial Hospital, Ventura County Medical Center, Ventura College, and local beaches. Easy access to the 101 & 126 Freeways. This property is 100% rented. The City of Ventura does not have rent control, subject to California's AB-1482. This property sits on the corner of Rexford and Sidonia, 12,480 sq ft lot, per assessor. 8-2+1.5 units, 1-2+1 unit, 1-1+1.5 All units are in good shape, with long term tenants. There are 10 open covered carports. Utilities sep meters for electric and gas. Coin laundry. Reports upon request.
Ventura Duplex Opportunity!Live in one unit and rent the other. Centrally located near shopping, freeways, schools, parks, and more. Both units include 2 bedrooms and 2 full bathrooms with nice size size living area. Unit 9417 has been completely remodeled with new kitchen cabinets, granite counters, new vinyl tile flooring, and remodeled bathrooms. Unit 9419 has some upgrades and is very clean with carpet in living areas and laminte in bathrooms. Both units include their own full 2-car garages with newer driveway with pavers and separate private roomy backyards, landscaped with healthy lawns and fruit trees such as avocado, macadamia nut, lemon, orange, apple, and tangerine, all with automated sprinkler systems. Milgard windows in both units and 220V in 9419. This duplex is impressively clean and well-maintained.Don't miss out!
Ventura Duplex Opportunity!Live in one unit and rent the other. Centrally located near shopping, freeways, schools, parks, and more. Both units include 2 bedrooms and 2 full bathrooms with nice size size living area. Unit 9417 has been completely remodeled with new kitchen cabinets, granite counters, new vinyl tile flooring, and remodeled bathrooms. Unit 9419 has some upgrades and is very clean with carpet in living areas and laminte in bathrooms. Both units include their own full 2-car garages with newer driveway with pavers and separate private roomy backyards, landscaped with healthy lawns and fruit trees such as avocado, macadamia nut, lemon, orange, apple, and tangerine, all with automated sprinkler systems. Milgard windows in both units and 220V in 9419. This duplex is impressively clean and well-maintained.Don't miss out!
Historic charm in the heart of downtown Ventura! Originally built in 1885, this single family home w/ attached studio &1 bd detached cottage, was taken to the studs & meticulously renovated from the foundation to the roof in 2015. Plumbing, electrical, roofing, insulation, landscape/hardscape, windows, paint, as well as all interior finishes were updated. Offering incredible flexibility, this versatile layout is ideal for investors, owner-occupiers seeking additional income, or multi-generational families. Located in one of the most historic parts of downtown, you are less than a few mins walk to the beach & a short stroll to the best restaurants & breweries. Featuring 3 bd + 2 ba, and a covered porch, the main residence showcases an inviting open floor plan. Highlights include a gourmet kitchen with stainless steel appliances, elegant stone countertops, spa-inspired bathrooms, and wood-like flooring throughout. The attached studio features kitchenette w/ mini refrigerator, microwave, wood like flooring, remodeled bathroom, walk in closet, & separate outdoor area. The detached cottage boasts a full kitchen, modern bathroom, spacious bedroom, and convenient amenities like a washer and dryer. Private outdoor areas for the main house and studio, three off street parking spaces, and low maintenance landscaping throughout. Income/expense reports available. Don't miss out on this rare find!
Unique investment property located in the Historic Simpson Tract of the beautiful City of Ventura. Seven units on one parcel, 48-52 West Center Street is comprised of four studio units, each unit has space in garages located behind property for storage. Long driveway with ample parking. One unit recently painted throughout, new flooring in kitchen and bathroom, this unit is currently vacant.47-53 West Prospect is located behind the garages on West Center Street. 47 West Prospect is a two bedroom, one bathroom upstairs unit located above the garages. 49 - 53 West Prospect is a single story Mediterranean style duplex, each unit is one bedroom, one bathroom with original built in shelving around fireplace. All of these units have private storage space in garage and have washer dryer hook-ups inside the units. 49 West Prospect updated in 2021 with new flooring and fresh paint.Close to lively downtown, stunning beaches, and freeways with easy access North and South. Great investment opportunity!
The median home value in Ventura, CA is $797,450. This is higher than the county median home value of $745,500. The national median home value is $338,100. The average price of homes sold in Ventura, CA is $797,450. Approximately 52.72% of Ventura homes are owned, compared to 40.22% rented, while 7.06% are vacant. Ventura real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Ventura real estate agent to arrange a tour today!
Ventura, California has a population of 115,804. Ventura is less family-centric than the surrounding county with 28.5% of the households containing married families with children. The county average for households married with children is 33.07%.
The median household income in Ventura, California is $87,323. The median household income for the surrounding county is $94,150 compared to the national median of $69,021. The median age of people living in Ventura is 40.6 years.
The average high temperature in July is 76.13 degrees, with an average low temperature in January of 43.87 degrees. The average rainfall is approximately 16.27 inches per year, with 0 inches of snow per year.