
Ventura, California 93001
This Triplex Residential Income Asset is a Strong Value Opportunity, listed at $2,495,000—positioned well below the $2,718,111 Fair Market Value by 8%. This valuation gap offers $223,111 in Instant Equity for the buyer. Featuring a Mint Condition Rating following a comprehensive 2024 remodel, the property includes Private Garden Areas and Expansive Porches. Its operational flexibility makes it an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey, income-generating property in a prime coastal location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1106 E Santa Clara Street Subject | $2,495,000* List Price | 7 | 3 | 2,700 | $1,007 | - |
A 142 S Ann Street Active | $2,495,000 List Price | 6 | 3 | 2,080 | $1,200 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1918, the property underwent a comprehensive 2024 remodel. It features brand-new kitchens and bathrooms, upgraded appliances, and modernized electrical and plumbing systems, placing it in mint condition with no maintenance required.
The property underwent a comprehensive 2024 remodel that seamlessly blends 1918 Craftsman architectural character with modern electrical, plumbing, and high-end finishes, offering a move-in ready investment.
Ideally situated in Downtown Ventura, the property is just blocks from Main Street's dining and shopping and within one mile of the beach, ensuring high tenant demand and desirability.
The triplex offers multiple revenue streams and flexibility, including short-term rentals, furnished mid-term stays, or a traditional owner-user setup with supplemental rental income.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =8400, other record lot size in square feet = 8276.
Each of the three residences, including the three-bedroom unit, contains only one bathroom, which may be a drawback for larger families or groups in a luxury price bracket.
Despite its premium $2.495M price point and proximity to the coast, the property listing indicates no specific ocean or hillside views, which are often expected at this valuation in Ventura.
The Twin Palms, located at 1106 E Santa Clara St, present a rare opportunity to acquire a thoughtfully renovated boutique multifamily property in one of Downtown Ventura's most desirable locations. Originally constructed at the peak of the American Craftsman era in 1918 and comprehensively remodeled in 2024, the property blends timeless architectural character with the amenities, finishes, and infrastructure of a modern property.The property is comprised of (1) 3-bedroom/1-bathroom and (2) 2-bedroom/1-bathroom residences, each thoughtfully updated with remodeled kitchens and bathrooms, upgraded appliances, modernized electrical and plumbing systems, and architectural details including vaulted ceilings, dormer windows and refinished hardwood floors. Private garden areas, grounded-gas firepits and expansive porches enhance the indoor-outdoor living experience that creates an atmosphere rarely found in a multifamily investment.Currently operated through a combination of short term rentals and furnished 30+ day stays, The Twin Palms offers flexibility for a future owner to continue with shorter-term stays, transition the residences to long-term market-rate rentals, or occupy one of the residences while generating income from the remaining units.With the restaurants and shops of Main St just a few blocks away and the Ventura beaches within 1 mile, The Twin Palms presents an unbeatable location. Don't miss this opportunity to own a one-of-a-kind multifamily property in downtown Ventura offering historic charm and operational flexibility.
No exterior & parking available.
Grades K-5 • 0.0 mi
Grades K-5 • 1.3 mi
Grades K-5 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 7.0 | 4.0 |
| Baths | 3.0 | 3.5 |
| Square foot | 2,700 | 2,007.222 |
| Lot Size | 8,400 | 7,965 |
| Price | $2.50M | $1.17M |
| Price per sq ft | $924 | $577 |
| Built year | 1918 | 1959 |
| HOA | $0 | $0 |
| Days on market | 21 | 121 |
Aug 19, 2026
$2,495,000
Initial Listing
Jun 23, 2023
$1,650,000
Public Record
Jul 28, 2016
$947,500
Public Record