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.
MLS #
CRV1-23164
MLS Source
California Regional MLS
Buyer's Brokerage Compensation*
2.00
Kitchen
None
Cooling
None
Heating
Wall Furnace
Pool
None
Style
Cottage
Garage/Parking
Garage, Garage: 3 Car(s)
HOA Fee
$0
Listing Agent
Nicholas Henry
Beachside Partners
License #: 01748131
Phone: (805) 705-7311
Co-Listing Agent
Jason Liehr
Beachside Partners
License #: 02152826
Phone: (805) 406-6463
# Buildings | # Leased Units | # Total Units |
---|---|---|
4 | – | 3 |
215 S Pacific Ave is a Triplex in Ventura, CA 93001. This – square foot property sits on a 7,500 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,049,000 and was built in 1940.
This address can also be written as 215 S Pacific Ave, Ventura, CA 93001.©2024 California Regional MLS. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
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* The offer of compensation is made subject to the MLS rules where the listing is filed. Please contact your agent for any questions concerning this subject matter.
This listing information is up-to-date as of May 09, 2024. For the most current information, please contact Nicholas Henry, (805) 705-7311