$ 2,595,000
153 S Laurel ST Ventura, CA 93001
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$ 2,595,000
Est. payment | /mo
0.27 Acres Lot
$ 2,595,000
Est. payment | /mo
0.27 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRV1-26597
Originating Board California Regional MLS
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
Location
State CA
County Ventura
Rooms
Kitchen Oven - Gas
Interior
Cooling None
Exterior
Pool 31, None
Others
Tax ID 0730143270
Special Listing Condition Not Applicable
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Listed by Nicholas Henry • Beachside Partners
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