215 S Pacific Avenue, Ventura CA, 93001

Active

215 S Pacific Avenue

Ventura CA, 93001

$1,049,000

Active

Residential

Built in 1940

Listed by Nicholas Henry with Beachside Partners (805) 453-5097

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.

V1-23164

MLSⓇ ID

April 24, 2024

Listed

April 29, 2024

Updated

Map

215 S Pacific Avenue
Ventura CA, 93001

Interior Features

Total Stories: 1
Laundry Description: Washer Hookup, Gas Dryer Hookup
Fireplace: Yes
Fireplace Description: None
Cooling: No
Cooling Description: None
Heating: Yes
Heating Description: Wall Furnace

Exterior/Building Features

Lot Size: 0.17 Acres
Lot Features: Sprinklers None
Architectual Style: Cottage

Other Property Details

Days on Market: 5
Garage: Yes
Garage Spaces: 3
Parking: Door-Single, Garage
Parking Total: 3
View: No
View Description: None
County: Ventura
Pool: No
Pool Features: None
Buyer Agency Compensation: 2%

Listing Contact: (805) 453-5097

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 4/29/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 4/29/2024 at 7:11 PM UTC