124 W Prospect Street, Ventura, ResidentialIncome

$ 898,900

Overview

  • Updated On:
  • June 15, 2026
  • Property ID
  • 319288
  • 0.10 ft2

Description

Located within Ventura’s recognized Simpson Tract Historic District, this property presents a unique opportunity to own a piece of the city’s rich architectural heritage. Situated on R-3-5 zoned property, the offering combines historic character with the flexibility and potential associated with multifamily zoning.The residence, originally constructed in the 1920s, reflects the charm and craftsmanship of Ventura’s early residential development. Whether you are an investor, preservation-minded owner, this property offers a variety of possibilities.The Simpson Tract is known for its historic significance, tree-lined streets, and close proximity to Ventura’s vibrant downtown, beaches, waterfront, restaurants, shopping, and cultural attractions. Residents enjoy easy access to the Ventura Pier, Surfer’s Point, the Ventura Botanical Gardens, and the city’s growing arts and dining scene.Properties within the Simpson Tract Historic District rarely become available, making this an exceptional opportunity to invest in one of Ventura’s most distinctive neighborhoods. Buyer is advised to independently verify all information concerning the property, including but not limited to square footage, lot size, zoning, permitted uses, historic district requirements, permits, improvements, rental regulations, and development potential. Buyer shall satisfy themselves through their own investigations with the appropriate governmental agencies and licensed professionals.

Address: 124 W Prospect Street
City:
State/County:
Zip: 93001
Country: US

Property Id: 319288
Price: $ 898,900
Property Lot Size: 0.10 ft2
Architectural Style: Spanish
Building Area Total: 1082
Co-List Agent AOR: VenturaCoastal
Co-List Agent Phone: (805) 794-7102
Co-List Agent Email: jorgenoedeleon@gmail.com
Co-List Agent: Jorge DeLeon
Co-List Agent MLS ID: V211506609
Common Wall: NoCommonWalls
Community Features: Biking,Sidewalks
Construction Materials: Frame,Stucco
Contract Status Change Date: 2026-06-08
Cumilative Days on Market: 1
Curent Financing: Conventional
Days on Market: 1
Direction Faces: North
Directions: PLEASE DO NOT DISTURB TENANTS - All showings are subject to accepted offer. Please use your preferred navigation appliciation for best results.
Entry Location: Front Yard Step Up From Grade
Exclusions: Tenant's Personal Property.
Fencing: Wood
Flooring: Tile
Garage Spaces: 1
Gross Income: 48960
Gross Scheduled Income: 48960
Heating: WallFurnace
Insurance Expense: 2100
Levels: One
List Agent AOR: VenturaCoastal
List Agent Direct Phone: (805) 340-5025
List Agent Email: kay@realestatemagic.com
List Agent Name: Kay Wilson-Bolton
List Agent MLS ID: V211501924
List office AOR: VenturaCoastal
List office Email: kay@realestatemagic.com
List office MLS ID: VC40102094
List office Phone: (805) 340-5025
Listing Agreement: ExclusiveRightToSell
Listing Contract Date: 2026-06-08
Listing ID: V1-36924
Listing Service: FullService
Listing Terms: Conventional
Lot Features: SprinklersNone
Lot Size Area: 4356
Lot Size Dimensions: 40x116.66 Approx
Lot Size Source: PublicRecords
Lot Size Square Feet: 4356
Lot Size Units: SquareFeet
MLS Area Major: VTU - Ventura
MLS Status: Active
Net Operating Income: 45960
Number of Buildings: 2
Number of Seperate Electric Meters: 1
Number of Seperate Gas Meters: 1
Number of Seperate Water Meters: 1
Number of Units Leased: 2
Off Market Date: 2026-06-10
On Market Date: 2026-06-15
Open Parking Spaces: 2
Operating Expense: 3000
Original List Price: 898900
Parcel Number: 0710102090
Parking Features: DoorSingle,Driveway,Garage,OffStreet
Parking Total: 3
Photos Count: 12
Possession: CloseOfEscrow
Postal City: VENTURA
Roof: Flat,Other
Sewer: PublicSewer
State or Province: CA
Stories: 1
Street Dir Prefix: W
Street Name: Prospect
Street Number: 124
Street Suffix: Street
Tenant Pays: Electricity,Gas,Sewer,Water
Total Actual Rent: 4080
Trash Expense: 900
Water Source: Public
Year Built: 1925
Zoning: R-3-5

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

$ 5,247.84
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 4,311.49

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