127 Glen Ellen Drive, Ventura, California 93003, Ventura, 93003 - 3 bed, 1 bath
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Ventura, California 93003
This Value-Add Residential Property is a Strong Value Opportunity, listed at $799,900—positioned well below the $872,583 Fair Market Value by 8%. This valuation gap offers $72,683 in Instant Equity for the incoming buyer. While the home currently holds a Condition Rating of 4, its functional layout and detached garage with ADU potential provide a clear path for forced appreciation. The expansive 6,969 sq. ft. lot and raised deck enhance the coastal lifestyle appeal. This is an ideal match for Owner-Occupants looking to build wealth or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 127 Glen Ellen Drive Subject | $799,900* List Price | 3 | 1 | 1,153 | $757 | - |
A 431 Eva Street Sold | $865,000 | 3 | 1 | 1,078 | $802 | 0.9 mi |
B 519 S Emma Avenue Sold | $875,150 | 3 | 1 | 1,008 | $868 | 0.9 mi |
C 426 S Dos Caminos Avenue Sold | $900,000 | 3 | 1 | 1,008 | $893 | 0.8 mi |
D 214 N Katherine Drive Sold | $977,500 | 3 | 2 | 1,126 | $868 | 0.9 mi |
E 664 Lemon Grove Avenue Sold | $900,000 | 3 | 1 | 1,204 | $748 | 0.8 mi |
F 33 Glen Ellen Drive Sold | $855,000 | 3 | 2 | 1,445 | $592 | 0.1 mi |
G 3750 Mound Active | $989,000 List Price | 3 | 2 | 1,492 | $663 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1948, this home is well-maintained and livable but remains largely unrenovated. The kitchen features vintage cabinetry and laminate countertops with dated metal edging, and the home relies on an older wall-mounted heating system. While the flooring has been updated to a light laminate and the interior is clean, the property shows its age through its 1950s-style fixtures and simplistic finishes, requiring modernization to meet current market standards.
The detached garage and long driveway offer significant potential for an Accessory Dwelling Unit (ADU), providing an excellent opportunity for rental income or multi-generational living.
The nearly 7,000-square-foot lot features mature fruit trees and a raised deck, offering a private and versatile space for outdoor entertaining and gardening.
Situated in a desirable Ventura neighborhood, the property provides convenient access to local beaches, major hospitals, and shopping, ensuring strong long-term value.
The home is described as having simplistic finishes that require modern updates, likely necessitating additional capital investment for renovations.
With three bedrooms but only one bathroom, the layout may be restrictive for modern families and could impact the property's competitive market appeal.
Charming single-story home with detached garage, spacious yard, and endless potential!This inviting home offers a functional layout with abundant natural light, highlighted by a bright living area and a cozy bay dining *** The kitchen features ample cabinetry, a breakfast bar that is just waiting for your updates. .While Interior finishes offer a simplistic livable space the private backyard offers mature fruit trees, open space, and a raised deck--ideal for outdoor dining, entertaining, or creating your dream garden retreat. The long driveway provides ample parking and leads to a detached garage with ADU Potential ** Prime location offers the perfect blend of coastal convenience and everyday livability. Residents enjoy easy access Ventura's beaches, stores, schools and nearby hospitals.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 2.0 | 10% |
| Square foot | 1,153 | 1,706 | 11% |
| Lot Size | 6,969 | 6,969 | 50% |
| Price | $799.9K | $950.0K | 19% |
| Price per sq ft | $694 | $580 | 72% |
| Built year | 1948 | 1963 | 8% |
| HOA | $0 | $0 | 50% |
| Days on market | 24 | 181 | 4% |
Mar 29, 2026
$799,900
Initial Listing
Mar 6, 2008
$450,000
Public Record