1056 Richards Avenue, Ventura, ResidentialIncome

$ 875,000

Overview

  • Updated On:
  • May 7, 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: $ 875,000
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: 2
Days on Market: 2
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
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

$ 5,108.31
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 4,196.85

Tue 26 May
Wed 27 May
Thu 28 May
Fri 29 May
Sat 30 May
Sun 31 May
Mon 01 Jun
Tue 02 Jun
Wed 03 Jun
Thu 04 Jun
In Person
Video Chat

Similar Listings

Residential
ComingSoon

2364 Haley Point Drive 102, Ventura, Residential

$ 850,000
Ocean views, owned solar, and modern coastal design come together in this newer constructi ...
2
3
1,376.00 ft2
Call
Email
Residential
ComingSoon

80 S Seaward Avenue, Ventura, Residential

$ 1,150,000
Prime Midtown Ventura investment opportunity! 80-82 S Seaward Ave offers a rare and versat ...
3
2
1,260.00 ft2
0.13 ft2
Call
Email
ResidentialIncome
ComingSoon

80 S Seaward Avenue, Ventura, ResidentialIncome

$ 1,150,000
Prime Midtown Ventura investment opportunity! 80-82 S Seaward Ave offers a rare and versat ...
0.13 ft2
Call
Email
ResidentialLease
Active

61 C Redwood Avenue, Ventura, ResidentialLease

$ 3,050
Rare Offering - (Larger) Newly Renovated Mid Century Modern Units in Prime Central Ventura ...
2
1
785.00 ft2
0.02 ft2
Call
Email

Schedule a tour

Tue 26 May
Wed 27 May
Thu 28 May
Fri 29 May
Sat 30 May
Sun 31 May
Mon 01 Jun
Tue 02 Jun
Wed 03 Jun
Thu 04 Jun
In Person
Video Chat
Your information
  • Search for Property

Compare Listings