Description
Rare Downtown Ventura property with ocean views by the beach!.
Just steps from the beach, this exceptional Downtown Ventura property features two updated homes with stunning ocean views.
Capitalization Rate: 6.64 %!
Priced to sell! AS-IS no owner credits.
The classic 1920s Craftsman duplex showcase of character boasts a significant part of the heritage and charm of coastal Ventura, with modern touches. The newer 2013 Mediterranean-style home offers sweeping ocean and mountain views from its master bedroom and its upper-level deck. All units offer granite countertops, new tile and wood flooring and tiled bathrooms throughout.
With a versatile layout and value-add potential–including ADU conversion and short-term Airbnb rental possibilities–this property could offer up to four rentable units. Enjoy a lifestyle of walkable to the beach, pier, dining, theaters, hikes, and more. Surrounded by luxury developments, this is a prime opportunity in a thriving neighborhood.
Highlights:
Ocean views & walk-to-beach location
Classic Ventura Craftsman duplex
2013 built 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
7 additional off street parking spots on the property
Tenants cover utilities & trash
1 Separate Water Meter, 2 Separate Gas Meters, 2 Separate Electric Meters
Property is a Mills Act available if buyer wants it, for very low property taxes of significant savings for owners reducing taxes by 20% to 70% for very low property taxes
Development potential & ADU-ready garage
Short-term rental potential as the house 2 doors down is successful Airbnb
Buyers’ Sale proceeds money to go to charity UCLA Health medical center
Back Mediterranean 2+2 house is vacant and ready to show anytime
Lot Size: 6000 square feet
157 Unit Rent 3400
155 Unit Rent 2025
153 Unit Rent 3132
Cap rate is 6.64% GRM is 12.94
- Principal and Interest
- Property Tax
- HOA fee
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