157 153-155 S Laurel Street

Description

Rare Downtown Ventura property with ocean views by the beach!.  Two recently upgraded houses and attached garage. One building is set up as a duplex and is a classic craftsman style house with hardwood floors and built in cabinets and detailed moldings. The other house is is a newer mediterranean style house with ocean views from the second and 3rd floor deck. Many value added possibilities with this property! In the garage you can easily make an ADU to have a total of four rentable units. This area is becoming the IN location as you can walk to the beach & pier and downtown breweries/restaurants/theaters.   Unique Craftsman style units built in the 1920’s in beautiful Downtown Ventura 1 Mediterranean  unit built in 2008 walking distance to Ocean Courtyard style units Close distance to Ocean, Pier, Restaurants, Theaters, Ventura College, Oxnard College, and California State University Channel Islands Value-add opportunities of: short term rentals, ADU’s, build many stories up apartment Excellent Unit Mix (1)- 1bed/1bath, (1)- 2bed/2bath, (1)- 2bed/1bath 1 car Enclosed parking garage Tenants pay all utilities and trash Development potential Can be sold together with property in back at 967-963 East Thompson Blvd. Current Cap rate is 5.06% Current GRM is 17.5

Listing information courtesy of: Sinan Zakaria, Listed Simply . *Based on information from the Association of REALTORS/Multiple Listing as of 10/19/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.