1056 Richards Avenue, Ventura, ResidentialIncome

$ 850,000

Overview

  • Updated On:
  • May 27, 2026
  • Property ID
  • 286755
  • 0.16 ft2

Description

Unique opportunity to purchase two houses on one lot. Front house was recently remodeled and is a 2 Bedroom 1 Bath house with a shared garage. Back unit is a 1 Bedroom 1 Bath house. Both units are rented. Each house uses half of the two car garage.

Address: 1056 Richards Avenue
City:
State/County:
Zip: 93004
Country: US

Property Id: 286755
Price: $ 850,000
Property Lot Size: 0.16 ft2
Architectural Style: Bungalow,Spanish
Building Area Total: 1356
Common Wall: NoCommonWalls
Community Features: Park
Construction Materials: Stucco,WoodSiding
Contingency: Buyer to cooperate with Seller effecting a 1031 Tax Deferred Exchange
Contract Status Change Date: 2026-05-04
Cumilative Days on Market: 22
Days on Market: 22
Direction Faces: North
Directions: Turn off of S Satcoy Avenue north of Telephone onto Avalon Street or Hewitt Street. Richard Street (Avenue) runs between the two. Houses are on the East side of the Street.
Electric: Standard
Exclusions: Tenant's personal property.
Fencing: Block,Wood
Fireplace Features: LivingRoom
Flooring: Carpet,Laminate
Fuel Expense: 918
Garage Spaces: 2
Gross Income: 52440
Gross Scheduled Income: 52440
Heating: WallFurnace
Insurance Expense: 1500
Laundry Features: WasherHookup,GasDryerHookup
Levels: One
License Expense: 98
List Agent AOR: VenturaCoastal
List Agent Direct Phone: (805) 509-0791
List Agent Email: stevensnyder123@gmail.com
List Agent Name: Steven Snyder
List Agent MLS ID: V211501834
List office AOR: VenturaCoastal
List office MLS ID: V1991
List office Phone: (805) 340-2838
Listing Agreement: ExclusiveRightToSell
Listing Contract Date: 2026-05-04
Listing ID: V1-36231
Listing Service: FullService
Listing Terms: Cash,CashToNewLoan,Exchange1031,SubjectToOther
Lot Features: ZeroToOneUnitAcre,FrontYard,Lawn,RectangularLot,SprinklersNone,StreetLevel
Lot Size Area: 6969
Lot Size Source: Assessor
Lot Size Square Feet: 6969
Lot Size Units: SquareFeet
MLS Area Major: VC28 - Wells Rd. East to City Limit
MLS Status: Active
Net Operating Income: 40400
New Tax Expense: 9625
Number of Buildings: 2
Number of Seperate Electric Meters: 2
On Market Date: 2026-05-06
Operating Expense: 12040
Original List Price: 875000
Parcel Number: 0890091155
Park Name: Huntsinger Park
Parking Features: DoorMulti,GarageFacesFront,Garage,OnStreet
Parking Total: 2
Photos Count: 41
Possession: CloseOfEscrow
Postal City: VENTURA
Previous List Price: 875000
Property Condition: RepairsCosmetic
Road Frontage Type: CountyRoad
Road Surface Type: Paved
Roof: Asphalt
Security Features: CarbonMonoxideDetectors,SmokeDetectors
Sewer: SepticTypeUnknown
State or Province: CA
Stories: 1
Stories Total: 1
Street Name: Richards
Street Number: 1056
Street Suffix: Avenue
Utilities: ElectricityConnected,NaturalGasConnected,Other,SeeRemarks,WaterConnected
Water Sewer Expense: 457
Water Source: Public
Year Built: 1939

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

$ 4,962.36
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 4,076.94

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