Ventura - Beach Property For Sale #5273457

Rare Downtown Ventura property with commercial mixed use zoning by the beach!.

Two houses and detached double garages. One house is a classic craftsman style house with hardwood floors and built in cabinets and detailed moldings. The other house is set up as a duplex. Many value added possibilities with this property! Also in each garage you can make an ADU to have a total of five rentable units. Rent the front building to a commercial business. This area is becoming the IN location as you can walk to the beach pier and downtown breweries/restaurants/theaters.

Unique Craftsman style unit built in the 1920's in beautiful Downtown Ventura
1 Modern unit built in 1950's 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, build 4 stories up apartment, commercial restaurant market zoned
Excellent Unit Mix (1)- Studio, (1) - 2bed/1bath, (1)- 3bed/2bath
2 car's Enclosed parking garages
Tenants pay all utilities and trash
Development potential as on Thompson Boulevard frontage with commercial zoning
Can be sold together with property in back at 153, 155, 157 South Laurel Street
Current Cap Rate is 5.71%