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153-155 S Laurel St, Ventura, CA, 93001

5beds
4baths
3,214sqft
$1,329,000
$414price/sqft
$8,335/moest. monthly cost
$333,400/yrincome needed

About This Home

Rare Downtown Ventura property with ocean views by the beach!.  Just steps from the beach, this exceptional Downtown Ventura property features two updated homes with stunning ocean views.  Capitalization Rate: 6.64 %! Priced to sell!  AS-IS no owner credits. The classic 1920s Craftsman duplex showcase of character boasts a significant part of the heritage and charm of coastal Ventura, with modern touches. The newer 2013 Mediterranean-style home offers sweeping ocean and mountain views from its master bedroom and its upper-level deck. All units offer granite countertops, new tile and wood flooring and tiled bathrooms throughout. With a versatile layout and value-add potential--including ADU conversion and short-term Airbnb rental possibilities--this property could offer up to four rentable units. Enjoy a lifestyle of walkable to the beach, pier, dining, theaters, hikes, and more. Surrounded by luxury developments, this is a prime opportunity in a thriving neighborhood.  Highlights:  Ocean views & walk-to-beach location  Classic Ventura Craftsman duplex   2013 built Mediterranean home  Flexible unit mix: (1) 1 bed/1 bath, (1) 2 bed/1 bath, (1) 2 bed/2 bath  Courtyard-style layout with attached garage 7 additional off street parking spots on the property  Tenants cover utilities & trash 1 Separate Water Meter, 2 Separate Gas Meters, 2 Separate Electric Meters Property is a Mills Act available if buyer wants it, for very low property taxes of significant savings for owners reducing taxes by 20% to 70% for very low property taxes  Development potential & ADU-ready garage  Short-term rental potential as the house 2 doors down is successful Airbnb Buyers’ Sale proceeds money to go to charity UCLA Health medical center Back Mediterranean 2+2 house is vacant and ready to show anytime Lot Size: 6000 square feet 157 Unit Rent 3400 155 Unit Rent 2025 153 Unit Rent 3132 Cap rate is 6.64%           GRM is 12.94

Getting Around

92
WalkingWalker's Paradise
0
TransitVery Limited Transit
79
BikeVery Bikeable

Schools

4/10
Lincoln Elementary SchoolGrades K-50.2 mi
7/10
Cabrillo Middle SchoolGrades 6-80.3 mi
7/10
Ventura High SchoolGrades 9-121.2 mi

Construction

Condition

  • Year built: 2008

Materials

  • Foundation: Concrete Perimeter,Pillar/Post/Pier,Slab,Tie Down
  • Roof: Asbestos Shingle,Rolled/Hot Mop
  • Construction materials: Asphalt,Drywall,Frame,Glass,Plaster,Stucco,Wood Siding

Type & Style

  • Home type: MultiFamily
  • Architectural style: Craftsman,Mediterranean
  • Property subType: Triplex

Interior

Appliances

  • Appliances included: Free-Standing Range,Disposal,Gas Water Heater,Refrigerator
  • Laundry features: Washer Hookup,Inside

Bedroom

  • Features: Bedroom on Main Level

Bedroom

  • Features: Multi-Level Bedroom

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 4

Features

  • Built-in Features,Balcony,Ceiling Fan(s),Granite Counters,Open Floorplan,Pantry,Storage,Tile Counters,Attic,Bedroom on Main Level,Main Level Primary,Walk-In Closet(s)
  • Door features: French Doors
  • Window features: Bay Window(s),Double Pane Windows,Low-Emissivity Windows,Screens,Wood Frames
  • Flooring: Carpet,Tile,Wood
  • Fireplace features: Living Room
  • Fireplace: Yes
  • Common walls with other units/homes: 1 Common Wall,End Unit,No One Above,No One Below

Heating

  • Heating features: Central,Floor Furnace,Fireplace(s),Wall Furnace

Interior Area

  • Total structure area: 3,214
  • Total interior livable area: 3,214 sqft

Master Bedroom

  • Features: Main Level Primary

Other

  • Features: Walk-In Closet(s)

Property

Details

  • Parcel number: 0730143270
  • Attached to another structure: Yes
  • Zoning: DR
  • Special condition: Standard

Features

  • Levels: One,Three Or More,Multi/Split
  • Stories: 1
  • Entry location: 1
  • Pool features: None
  • Spa features: None
  • Fencing: Cross Fenced,Good Condition,Privacy,Security,Wood
  • Has view: Yes
  • View description: City Lights,Coastline,Landmark,Mountain(s),Ocean,Panoramic,Pier,Water
  • Has water view: Yes
  • Water view: Coastline,Ocean,Pier,Water
  • Waterfront features: Across the Road from Lake/Ocean

Lot

  • Lot size: 6,000 sqft
  • Features: 0-1 Unit/Acre,Back Yard,Front Yard,Sprinklers In Front,Near Park,Near Public Transit,Sprinklers Timer,Sprinkler System,Street Level,Trees,Walkstreet,Yard

Parking

  • Total spaces: 7
  • Parking features: Assigned,Covered,Garage Faces Front,Guest,Private,Uncovered
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1
  • Uncovered spaces: 6