153 S Laurel ST Active Save Request In-Person Tour Request Virtual Tour
Ventura,CA 93001
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Ventura: Other
MLS Listing ID V1-26597
Year Built 1928
Lot Size 0.270 Acres
Property Description
Tremendous investment potential for (2) 3-unit apartment properties on 2 lots in downtown Ventura within blocks of the beach, pier and amidst Ventura's most vibrant new neighborhood around Front ST. 14.8 GRM, 4.7% CAP on current rents. 153 South Laurel ST & 967 E Thompson BLVD feature 4 detached residential buildings along with 5 garage spaces on a combined 11,760 SF of land with zoning allowing for both residential and commercial use plus potential for short term rentals. Further units may be added through ADU conversion of garages under SB 1211. Units each have unique charm and offer updated interiors, yards or patios and 4 of the 6 units have interior laundry hookups. Tenants pay all utilities. Flexible financing options either through one commercial loan or more leverage through 2 separate residential loans. Building fronting Thompson offers flexibility to remain all residential or be converted to partial or all commercial in one of the highest traffic counts in city of Ventura. Lush landscaping separates each unit providing privacy and tranquility. Units will always be in high demand as tenants can walk to surf breaks, parks, schools, breweries & eateries plus entertainment venues around Front ST, across the walk bridge at C Street or downtown.153-157 S Laurel ST features a 1928 Craftsman style 1-story duplex in front, 2/1 & 1/1 apartments each with a small yard or patio, along with a 2011 built 2-story Mediterranean style 2/2 in back, including an ocean view rooftop deck and 1-car garage. Interiors of front duplex recently received new kitchen cabinets and countertops.963, 967 E Thompson includes a 1-story Craftsman style house that fronts Thompson currently set up with a duplex, 3/1.5 & small studio, plus a detached single-story 2/1 classic Craftsman home and 2 detached 2-car garages at rear. Recent updates at 963 include new roof, upgraded electrical panel, 6 new windows.
Location
State CA
County Ventura
Interior
Cooling None
Fireplaces Type None
Exterior
Garage Spaces 5.0
Garage Description 5.0
Fence None
Pool None
Community Features Biking
View Y/N Yes
Building
Lot Description Sprinklers None,Walkstreet
Others
Acceptable Financing Conventional
Listing Terms Conventional
Special Listing Condition Standard