215 S Pacific Avenue
Ventura, CA 93001
- – beds
- – baths
- – sqft
- 7,500 sqft lot
- 1940 build
- – on site
Offers due by noon on Thursday, May 2. Tremendous value add potential for an investor or contractor that is ready to put in the work. 3 standalone 1-story cottages on 7,500 SF R3-5 zoned lot including an occupied 2BD/1BA main residence, a vacant 2BD/1BA unit in fixer condition, a vacant studio with permits for remodel and a 3-car garage that has plans in place for an ADU conversion that would open up a fourth stream of rental income. The parcel spans from Pacific Ave to Hurst Ave offering potential for lot split. Located in midtown Ventura this property offers residents easy access to dining and shopping, parks, hiking trails, schools, 2 local hospitals plus boating and other ocean related recreation opportunities. With completed ADU unit and property full stabilized potential monthly rents over $10k/MO. The current price reflects the work and upside that can be achieved at this property. The combination of approved plans and vacant units allow for an excellent value add opportunity in a highly sought after neighborhood that will see long term appreciation. Cash offers only, 2 vacant units in need of signicant repairs.
Listed By CRMLS_CA / Nicholas Henry / Beachside Partners / (805) 705-7311
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Last updated Apr 30, 2024
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MLS# V1-23164 —
This property is listed in more than one place. See it here.
Walk Score®
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Transit Score®
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Soundscore™
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Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
4/24/24
Apr 24, 2024
|
Listed / Active | CRMLS_CA | $1,049,000 | 2.8% (1.3% / YR) |
2/1/22
Feb 1, 2022
|
CRMLS_CA | $1,020,000 | 11.0% | |
1/12/22
Jan 12, 2022
|
CRMLS_CA | $919,000 |