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Listed by Nicholas Henry • Beachside Partners
$ 2,595,000
Est. payment /mo
Active
153 S Laurel Street Ventura, CA 93001
11,760 SqFt
UPDATED:
11/19/2024 06:58 AM
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 11,760 sqft
Price per Sqft $220
MLS Listing ID CRV1-26597
HOA Y/N No
Originating Board Datashare California Regional
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
Interior
Cooling None
Fireplace No
Building
Lot Description Other
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