425 Rancho Drive, Ventura, ResidentialIncome

$ 1,575,000

Overview

  • Updated On:
  • August 9, 2025
  • Property ID
  • 65536
  • 0.13 ft2

Description

Welcome to 425 & 427 Rancho Drive – a rare opportunity in the heart of Midtown Ventura. This beautifully maintained and updated corner-lot duplex offers pride of ownership, flexible living arrangements, and garden magic. Whether you’re looking for a turnkey investment, multi-generational living, or the chance to live in one and rent the other, this property checks all the boxes.425 Rancho is a spacious 5 bedroom, 3 bathroom home with a thoughtfully updated two-story layout. The main level features an open-concept living, dining, and upgraded kitchen area, along with three bedrooms and two baths. Upstairs, enjoy a second living space with treetop views, vaulted ceilings and two more bedrooms with one full bathroom. With a separate entrance already in place, this upper level offers potential for Junior ADU conversion, creating the possibility of a third unit (buyer to verify).Outside, 425 greets you with a storybook-style front porch and a lush private garden that bursts with color and personality. Thoughtfully designed by the owner, the landscaping is both artistic and inviting, fragrant plantings, sculpted greenery, and mature shade trees create a little oasis right in the middle of town. Neighbors often stop to admire the curb appeal.427 Rancho has its own private entrance around the corner, with a cozy porch and its own fenced backyard retreat. Inside, you’ll find a stylish 1 bedroom, 1 bath layout with an open kitchen, living, and dining space. The bedroom looks out onto their own garden, offering peaceful views and privacy. Both units have laundries. Additional features include: Detached 2-car garage. Separate utility meters. Excellent long-term tenants in place. Located just minutes from Ventura’s beaches, charming downtown and the 101 freeway. Enjoy nearby shops, hiking trails, and a vibrant community with a friendly small-town coastal feel.

Address: 425 Rancho Drive
City:
State/County:
Zip: 93003
Country: United States

Property Id: 65536
Price: $ 1,575,000
Property Lot Size: 0.13 ft2
Building Area Total: 2770
Common Wall: OneCommonWall
Community Features: Biking,Curbs,Hiking,Sidewalks
Contract Status Change Date: 2025-08-05
Cumilative Days on Market: 3
Days on Market: 3
Directions: from Seaward Ave, turn east on Preble Ave. Turn left on Rancho Dr.
Entry Level: 1
Entry Location: first floor
Exclusions: fridges are owned by the tenants.
Flooring: Vinyl,Wood
Garage Spaces: 2
Gross Income: 85500
Gross Scheduled Income: 85500
Inclusions: ovens, washer & dryers
Insurance Expense: 4000
Levels: Two
List Agent AOR: VenturaCoastal
List Agent Direct Phone: (805) 570-0265
List Agent Email: toniguy22@yahoo.com
List Agent Name: Toni Guy
List Agent MLS ID: v211507133
List office AOR: VenturaCoastal
List office Email: lyleelliott@bhhscal.com
List office MLS ID: V1600
List office Phone: (805) 677-7300
Listing Agreement: ExclusiveRightToSell
Listing Contract Date: 2025-08-05
Listing ID: V1-31598
Listing Service: FullService
Listing Terms: Cash,Conventional,Exchange1031
Lot Features: FrontYard
Lot Size Area: 5662
Lot Size Source: Assessor
Lot Size Square Feet: 5662
Lot Size Units: SquareFeet
MLS Status: ActiveUnderContract
Net Operating Income: 78852
Number of Buildings: 1
Number of Seperate Electric Meters: 2
Number of Seperate Gas Meters: 2
Number of Seperate Water Meters: 2
On Market Date: 2025-08-05
Operating Expense: 6752.6
Original List Price: 1575000
Parcel Number: 0750234210
Parking Features: OnStreet
Parking Total: 2
Photos Count: 56
Possession: CloseOfEscrow
Postal City: VENTURA
Postal Code Plus 4: 4656
Property Condition: UpdatedRemodeled
Road Frontage Type: CityStreet
Roof: Composition
Sewer: PublicSewer
State or Province: CA
Stories: 2
Stories Total: 2
Street Name: Rancho
Street Number: 425
Street Suffix: Drive
Trash Expense: 437
Water Source: Public
Year Built: 1951

Other Features
Additional Parcel
Cooling
Fireplace
GasRange
Has Garage
Has Heating System
Land Lease
Private Pool
Property Attached
Rent Control
Senior Community
Spa
View

,

$ 9,194.96
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 7,554.34

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