$1,049,000
$1,049,000
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215 S Pacific AVE Ventura, CA 93001
7,501 Sqft Lot
Key Details
Sold Price $1,049,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Ventura: Other
MLS Listing ID V1-23164
Sold Date 05/22/24
HOA Y/N No
Year Built 1940
Lot Size 7,501 Sqft
Property Description
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.
Location
State CA
County Ventura
Rooms
Ensuite Laundry Washer Hookup, Gas Dryer Hookup
Interior
Laundry Location Washer Hookup,Gas Dryer Hookup
Heating Wall Furnace
Cooling None
Fireplaces Type None
Fireplace No
Laundry Washer Hookup, Gas Dryer Hookup
Exterior
Garage Door-Single, Garage
Garage Spaces 3.0
Garage Description 3.0
Fence Wire
Pool None
Community Features Biking
View Y/N No
View None
Parking Type Door-Single, Garage
Total Parking Spaces 3
Private Pool No
Building
Lot Description Sprinklers None
Story One
Entry Level One
Architectural Style Cottage
Level or Stories One
Others
Senior Community No
Tax ID 0730213060
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
Special Listing Condition Standard
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Bought with Christopher Campbell • eXp Realty of California