153 S Laurel St - Apartments FOR SALE


Ventura, CA 93001- Downtown Ventura
$1,495,000 USD
805-665-7075
153 S Laurel St, Ventura, CA for Sale
$1,495,000 USD
Apartments - FOR SALE
1/3
null | 5.99% Cap Rate

153 S Laurel St
Ventura, CA 93001
Downtown Ventura


OVERVIEW

This rare Downtown Ventura property offers stunning ocean views and is located just steps from the beach! The property features two recently upgraded homes and an attached garage. One home is a classic Craftsman-style duplex, complete with vinyl hardwood floors, built-in cabinets, and intricate moldings. The second is a newer Mediterranean-style house, offering breathtaking ocean views from its second and third-floor decks. This property offers numerous value-added opportunities. The attached garage provides the potential to convert into an ADU, allowing for up to four rentable units. Located in a highly desirable area, you can easily walk to the beach, pier, and a variety of downtown attractions, including trendy restaurants, breweries, and theaters. Nearby, new apartment complexes and ocean-view condominiums, priced over $1 million, add to the area’s growing appeal. Key features: • Charming Craftsman-style units built in the 1920s in beautiful Downtown Ventura • Mediterranean-style unit built in 2008, walking distance to the ocean • Courtyard-style layout • Prime location near the ocean, pier, restaurants, theaters, Ventura College, and California State University Channel Islands • Value-add opportunities including short-term rentals and ADU conversion • Attractive unit mix: (1) 1 bed/1 bath, (1) 2 bed/2 bath, (1) 2 bed/1 bath • 1-car enclosed attached parking garage • Tenants pay all utilities and trash • Development potential for future growth • Can be sold together with the neighboring property at 967-963 East Thompson Blvd. This is a unique opportunity to own a piece of Downtown Ventura’s vibrant, up-and-coming neighborhood!

FOR SALE DETAILS

PRICE

$1,495,000 USD

PRICE/SF

$555 USD /SF

# OF UNITS

3

PRICE/UNIT

$498,333

CAP RATE

5.99%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2009

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

T4.1

APN/PARCEL ID

073-0-143-270

ASK ABOUT THIS PROPERTY

Elliot LeeLIV Sotheby's International RealtyMore Info
805-665-7075

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Elliot LeeLIV Sotheby's International RealtyMore Info
805-665-7075

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.