157 153-155 S Laurel Street

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Source: California Regional MLS

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SWZAKASIN

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. 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 Mills Act available for very low property taxes Development potential & ADU-ready garage Short-term rental potential as the house 2 doors down is successful Airbnb Option to purchase bordering property at 967-963 E Thompson Blvd Lot Size: 6000 square feet Cap rate is 6.47% GRM is 13.5

Property Information

Property Details

Location

Address

157 153-155 S Laurel Street

County

Ventura

City

Ventura

Zip Code

93001

Subdivision

Downtown Ventura

MLS Area

VC24 - California St. to Mills Rd

Interior Features

Other Rooms

Laundry Features

Washer Hookup, Inside

Building

Building Information

Square Feet

3,214

Year Built

2008

Stories

Construction

Asphalt, Drywall, Frame, Glass, Plaster, Stucco, Wood Siding

Foundation

Concrete Perimeter, Pillar/Post/Pier, Slab, Tie Down

Roof

Asbestos Shingle, Rolled/Hot Mop

Financial

Special Conditions

Standard

157 153-155 S Laurel Street, Ventura, CA 93001

Market Report for 93001