1497 E Main Street, Ventura, California 93001, Ventura, 93001 - 3 bed, 2 bath
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1497 E Main Street
Ventura, California 93001
ACTIVE
CONDITION: GOOD
3Beds
2Baths
1,604Sq Ft
7,065Lot Size
Property Price
LIST PRICE$1,699,000
EST. MARKET VALUE
$1,624,204
4% AboveMARKET VALUE
SUMMARY
This Spanish Hacienda represents a Hybrid Investment Opportunity, listed at $1,699,000—positioned slightly above the $1,624,205 Fair Market Value. While not a discount buy, the property offers significant upside through its proven history as a high-performing vacation rental and ADU conversion potential in the detached garage. Featuring a Condition Rating of 3, the home includes a remodeled kitchen, owned solar, and panoramic ocean views. This versatile asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking a coastal lifestyle with supplemental income potential.
Estimated Market Value
$1,624,204
Based on Realkey algorithm analyzing recent comparable sales in Ventura.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1497 E Main Street Subject 3 bd · 2 ba · 1,604 sqft · $1,013 | $1,699,000* List Price | 3 | 2 | 1,604 | $1,013 | - |
A 1693 Poli Street Sold 3 bd · 2 ba · 1,656 sqft · $755 · 0.2 mi | $1,250,000 | 3 | 2 | 1,656 | $755 | 0.2 mi |
B 25 Encinal Place Sold 2 bd · 2 ba · 1,554 sqft · $1,313 · 0.1 mi | $2,040,000 | 2 | 2 | 1,554 | $1,313 | 0.1 mi |
C 1684 Poli Street Sold 2 bd · 2 ba · 1,554 sqft · $1,094 · 0.2 mi | $1,700,000 | 2 | 2 | 1,554 | $1,094 | 0.2 mi |
D 1681 San Nicholas Street Sold 3 bd · 2 ba · 1,455 sqft · $955 · 0.2 mi | $1,390,000 | 3 | 2 | 1,455 | $955 | 0.2 mi |
E 1727 San Nicholas Street Sold 3 bd · 2 ba · 1,400 sqft · $875 · 0.2 mi | $1,225,000 | 3 | 2 | 1,400 | $875 | 0.2 mi |
F 1867 Poli Street Sold 3 bd · 2 ba · 1,394 sqft · $933 · 0.3 mi | $1,300,000 | 3 | 2 | 1,394 | $933 | 0.3 mi |
G 2456 Sherwood Drive Sold 3 bd · 2 ba · 1,496 sqft · $936 · 0.9 mi | $1,400,000 | 3 | 2 | 1,496 | $936 | 0.9 mi |
H 457 Coronado Street Sold 4 bd · 3 ba · 1,710 sqft · $748 · 0.7 mi | $1,279,000 | 4 | 3 | 1,710 | $748 | 0.7 mi |
I 1808 Poli Street Active 3 bd · 3 ba · 1,731 sqft · $1,010 · 0.3 mi | $1,749,000 List Price | 3 | 3 | 1,731 | $1,010 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 1929 but meticulously maintained with clear evidence of renovations. The kitchen and bathrooms have been remodeled with stone finishes and updated fixtures, likely within the 5-15 year range. Modern system upgrades including central A/C and owned solar, along with pristine hardwood floors, make the property move-in ready.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7065, living area = 1604.
- Prime Location & Coastal Views
Perched in the prestigious Hobson Heights neighborhood, the property offers exceptional ocean, coastline, and sunset views while maintaining close proximity to Downtown Ventura and the beach.
- Proven Investment Versatility
The home boasts a successful history as a high-performing vacation rental with six-figure annual gross income and features a detached garage with significant ADU conversion potential.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7065, other record lot size in square feet = 6969.
- Market Stagnation
With 56 days on the market and a recent $100,000 price reduction, the property may be facing challenges in aligning its premium asking price with current buyer demand.
- Non-Traditional Bedroom Layout
The third bedroom is a flexible den space rather than a traditional private bedroom, which may limit its appeal for families requiring three distinct, enclosed sleeping quarters.
About 1497 E Main Street
Hobson Heights Ocean-View Beauty! Perched above Downtown Ventura in the highly coveted Hobson Heights neighborhood, this enchanting Spanish hacienda blends timeless character, ocean views, privacy, and an exceptional coastal location. Enjoy beautiful ocean, city-light and sunset views while being just minutes from the beach, Ventura Pier, parks, restaurants, shopping, and everything vibrant Downtown Ventura has to offer.Pride of ownership shines throughout this meticulously maintained and thoughtfully upgraded home. Rich hardwood floors, picturesque windows, abundant natural light, skylights, and distinctive architectural details preserve its vintage charm while modern improvements provide today's comforts.The remodeled kitchen is complemented by two dining areas. The flexible floor plan offers two traditional bedrooms plus a den that can function as a third bedroom, home office, or additional living space. Two remodeled bathrooms add to the appeal--including one with an ocean view. Central A/C and owned solar provide additional comfort and efficiency.The outdoor spaces are just as special. Multiple patios and sitting areas invite you to enjoy Ventura's coastal climate year-round. The tropical-inspired backyard creates a private retreat complete with a bar, spa, and waterfall--perfect for entertaining or relaxing under the stars.A detached garage and additional off-street parking provide added flexibility, with the garage offering potential for a future ADU, studio, office, or guest space, subject to City approval. Garage and additional parking access are from Lincoln Drive.The property also has an established history as a highly successful vacation rental, reportedly generating six-figure annual gross rental income with more than five years of operating history. Buyers should independently verify current City requirements for continued short-term rental use.The owners may consider selling the home furnished, offering the possibility of a turnkey purchase. Whether envisioned as a primary residence, coastal getaway, or investment opportunity, this Hobson Heights gem offers an exceptional combination of views, character, location, and versatility!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1929
- Lot Size
- 7,065 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Ventura Unified Schools
Lincoln Elementary School
Grades K-5 • 0.4 mi
4/10
Cabrillo Middle School
Grades 6-8 • 0.1 mi
6/10
Ventura High School
Grades 9-12 • 0.5 mi
6/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,604 | 1,627.281 |
| Lot Size | 7,065 | 6,289.688 |
| Price | $1.70M | $960.5K |
| Price per sq ft | $1.1K | $626 |
| Built year | 1929 | 1964 |
| HOA | $0 | $203 |
| Days on market | 73 | 58 |
Pricing History
Listed for Sale
Sep 15, 2026
$1,699,000
$1,799,000
-6% Price Drop
Initial Listing
Price Change
Aug 12, 2026
$1,799,000
Initial Listing
Sold
Oct 11, 2023
$1,591,500
Public Record
Sold
Jul 18, 2016
$770,000
Public Record
Sold
Apr 30, 2014
$670,000
Public Record
Sold
Dec 6, 2012
$485,000
Public Record