153-155 S Laurel ST Ventura, CA 93001
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Pending
Purchase Type For Sale
Subdivision Downtown Ventura
MLS Listing ID SW26098185
HOA Y/N No
Year Built 2008
Lot Size 5,998 Sqft
Property Sub-Type Triplex
Property Description
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
Location
State CA
County Ventura
Area Vc24 - California St. To Mills Rd
Zoning DR
Rooms
Other Rooms Second Garage, Storage
Interior
Interior Features Built-in Features, Balcony, Ceiling Fan(s), Granite Counters, Open Floorplan, Pantry, Storage, Tile Counters, Attic, Bedroom on Main Level, Main Level Primary, Walk-In Closet(s)
Heating Central, Floor Furnace, Fireplace(s), Wall Furnace
Flooring Carpet, Tile, Wood
Fireplaces Type Living Room
Fireplace Yes
Appliance Free-Standing Range, Disposal, Gas Water Heater, Refrigerator
Laundry Washer Hookup, Inside
Exterior
Parking Features Assigned, Covered, Garage Faces Front, Guest, Private, Uncovered
Garage Spaces 1.0
Garage Description 1.0
Fence Cross Fenced, Good Condition, Privacy, Security, Wood
Pool None
Community Features Biking, Curbs, Dog Park, Preserve/Public Land, Street Lights, Sidewalks, Urban, Park
Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Available, Underground Utilities, Water Connected, Overhead Utilities
Waterfront Description Across the Road from Lake/Ocean
View Y/N Yes
View City Lights, Coastline, Landmark, Mountain(s), Ocean, Panoramic, Pier, Water
Roof Type Asbestos Shingle,Rolled/Hot Mop
Total Parking Spaces 7
Private Pool No
Building
Lot Description 0-1 Unit/Acre, Back Yard, Front Yard, Sprinklers In Front, Near Park, Near Public Transit, Sprinklers Timer, Sprinkler System, Street Level, Trees, Walkstreet, Yard
Story 2
Entry Level One,Three Or More,Multi/Split
Foundation Concrete Perimeter, Pillar/Post/Pier, Slab, Tie Down
Sewer Public Sewer
Water Public
Architectural Style Craftsman, Mediterranean
Level or Stories One, Three Or More, Multi/Split
Additional Building Second Garage, Storage
New Construction No
Others
Senior Community No
Tax ID 0730143270
Security Features Carbon Monoxide Detector(s),Fire Rated Drywall,Fire Sprinkler System,Smoke Detector(s),Security Lights
Acceptable Financing Cash, Conventional, Cal Vet Loan, FHA, Owner May Carry, VA Loan
Listing Terms Cash, Conventional, Cal Vet Loan, FHA, Owner May Carry, VA Loan
Special Listing Condition Standard
Nearby Locations
GET MORE INFORMATION