153 S South Laurel ST Active Save Request In-Person Tour Request Virtual Tour
Ventura,CA 93001
Key Details
Property Type Multi-Family, Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRV1-29266
Year Built 2009
Lot Size 6,000 Sqft
Source California Regional MLS
Property Description
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 tena
Location
State CA
County Ventura
Area Vc24 - California St. To Mills Rd
Interior
Heating Floor Furnace
Cooling None
Exterior
Parking Features Assigned Spaces
Garage Spaces 3.0
Pool 31,None
Building
Story Three or More Stories
Water District - Public
Others
Tax ID 0730143270
Special Listing Condition Not Applicable