157 S Laurel Street
Ventura, CA 93001
0.14 acres | #SW24168603
Description
Rare Downtown Ventura property with ocean views by the beach!.
Two recently upgraded houses and attached garage. One building is set up as a duplex and is a classic craftsman style house with hardwood floors and built in cabinets and detailed moldings. The other house is is a newer mediterranean style house with ocean views from the second and 3rd floor deck. Many value added possibilities with this property! In the garage you can easily make an ADU to have a total of four rentable units. This area is becoming the IN location as you can walk to the beach & pier and downtown breweries/restaurants/theaters.
Unique Craftsman style units built in the 1920’s in beautiful Downtown Ventura
1 Mediterranean unit built in 2008 walking distance to Ocean
Courtyard style units
Close distance to Ocean, Pier, Restaurants, Theaters, Ventura College, Oxnard College, and California State University Channel Islands
Value-add opportunities of: short term rentals, ADU’s, build many stories up apartment
Excellent Unit Mix (1)- 1bed/1bath, (1)- 2bed/2bath, (1)- 2bed/1bath
1 car Enclosed parking garage
Tenants pay all utilities and trash
Development potential
Can be sold together with property in back at 967-963 East Thompson Blvd.
Current Cap rate is 5.06%
Current GRM is 17.5
Interior Details
- InteriorBuiltInFeatures, Balcony, CeilingFans, GraniteCounters, OpenFloorplan, Pantry, Storage, Attic, BedroomOnMainLevel, WalkInClosets
Property Details
- Lot DescriptionZeroToOneUnitAcre, BackYard, FrontYard, SprinklersInFront, NearPark, SprinklersTimer, SprinklerSystem, StreetLevel, Trees, Walkstreet, Yar
- ViewCityLights, Coastline, Landmark, Mountains, Ocean, Panoramic, Pier, Water
- Stories2
Measurements
- Acres0.1377
Parking
- Parking Spaces1
Construction Details
- Property TypeMulti-Family
Condition
- Year Built2008
Material information
- FoundationConcretePerimeter, PillarPostPier, Slab, TieDown
Utilities / Energy Details
- Utility FeaturesCableAvailable, ElectricityConnected, SewerConnected, UndergroundUtilities, WaterConnected, OverheadUtilities
- Sewer InformationPublicSewer
- Utility SourcePublic
Community and Neighborhood Details
- Subdivision, Downtown Ventura
Location
- CountyVentura
Financial Details
- Original List Price$1,720,000
Other
- MLS #SW24168603
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Sinan Zakaria (#SWZAKASIN)
Listing Office: Listed Simply (#SWLS01)
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