CA > Ventura > Ventura: Other
Ventura, CA 93001,153 S Laurel ST
Ventura, CA 93001,153 S Laurel ST
Ventura, CA 93001,153 S Laurel ST
Ventura, CA 93001,153 S Laurel ST
Ventura, CA 93001,153 S Laurel ST
Ventura, CA 93001,153 S Laurel ST
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Ricardo Villa

Ricardo Villa

+1(530) 801-1761
$ 2,595,000
Est. payment | /mo

0.27 Acres Lot

Save
$ 2,595,000
Est. payment | /mo
Save

0.27 Acres Lot

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision Ventura: Other

MLS Listing ID V1-26597

HOA Y/N No

Year Built 1928

Lot Size 0.270 Acres

Property Description

Tremendous investment potential for (2) 3-unit apartment properties on 2 lots in downtown Ventura within blocks of the beach, pier and amidst Ventura's most vibrant new neighborhood around Front ST. 14.8 GRM, 4.7% CAP on current rents. 153 South Laurel ST & 967 E Thompson BLVD feature 4 detached residential buildings along with 5 garage spaces on a combined 11,760 SF of land with zoning allowing for both residential and commercial use plus potential for short term rentals. Further units may be added through ADU conversion of garages under SB 1211. Units each have unique charm and offer updated interiors, yards or patios and 4 of the 6 units have interior laundry hookups. Tenants pay all utilities. Flexible financing options either through one commercial loan or more leverage through 2 separate residential loans. Building fronting Thompson offers flexibility to remain all residential or be converted to partial or all commercial in one of the highest traffic counts in city of Ventura. Lush landscaping separates each unit providing privacy and tranquility. Units will always be in high demand as tenants can walk to surf breaks, parks, schools, breweries & eateries plus entertainment venues around Front ST, across the walk bridge at C Street or downtown.153-157 S Laurel ST features a 1928 Craftsman style 1-story duplex in front, 2/1 & 1/1 apartments each with a small yard or patio, along with a 2011 built 2-story Mediterranean style 2/2 in back, including an ocean view rooftop deck and 1-car garage. Interiors of front duplex recently received new kitchen cabinets and countertops.963, 967 E Thompson includes a 1-story Craftsman style house that fronts Thompson currently set up with a duplex, 3/1.5 & small studio, plus a detached single-story 2/1 classic Craftsman home and 2 detached 2-car garages at rear. Recent updates at 963 include new roof, upgraded electrical panel, 6 new windows.

Location

State CA

County Ventura

Interior

Cooling None

Fireplaces Type None

Fireplace No

Appliance Gas Oven

Exterior

Garage Spaces 5.0

Garage Description 5.0

Fence None

Pool None

Community Features Biking

View Y/N Yes

Private Pool No

Building

Lot Description Sprinklers None, Walkstreet

Others

Senior Community No

Tax ID 0730143270

Acceptable Financing Conventional

Listing Terms Conventional

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Nicholas Henry • Beachside Partners
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(530) 801-1761

ricardo@villasellsnorcal.com

3631 Truxel Rd # 1081, Sacramento, CA, 95834, United States

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153 S Laurel ST