Offers due by noon on Thursday, May 2. Tremendous value add potential for an investor or contractor that is ready to put in the work. 3 standalone 1-story cottages on 7,500 SF R3-5 zoned lot including an occupied 2BD/1BA main residence, a vacant 2BD/1BA unit in fixer condition, a vacant studio with permits for remodel and a 3-car garage that has plans in place for an ADU conversion that would open up a fourth stream of rental income. The parcel spans from Pacific Ave to Hurst Ave offering potential for lot split. Located in midtown Ventura this property offers residents easy access to dining and shopping, parks, hiking trails, schools, 2 local hospitals plus boating and other ocean related recreation opportunities. With completed ADU unit and property full stabilized potential monthly rents over $10k/MO. The current price reflects the work and upside that can be achieved at this property. The combination of approved plans and vacant units allow for an excellent value add opportunity in a highly sought after neighborhood that will see long term appreciation. Cash offers only, 2 vacant units in need of signicant repairs.
Property Type(s):
Residential Income
|
Last Updated
|
4/24/2024
|
Tract
|
Ventura: Other
|
|
Year Built
|
1940
|
Garage Spaces
|
3.0
|
|
County
|
Ventura
|
Additional Details
| AIR |
None |
| BUYER'S BROKERAGE COMPENSATION |
2.000 % |
| GARAGE |
Door-Single, Garage, Yes |
| HEAT |
Wall Furnace |
| HOA DUES |
0 |
| LOT |
7500 sq ft |
| LOT DESCRIPTION |
Sprinklers None |
| PARKING |
Door-Single,Garage |
| POOL DESCRIPTION |
None |
| STORIES |
1 |
| STYLE |
Cottage |
| SUBDIVISION |
Ventura: Other |
| VIEW DESCRIPTION |
None |
Location
Listed with Beachside Partners
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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