153 157 S Laurel Street, Ventura, California 93001, Ventura, 93001 - 0 bed, 0 bath
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Ventura, California 93001
This Downtown Ventura Triplex is a Strong Value Opportunity, listed at $1,450,000—positioned well below the $1,528,830 Fair Market Value by 5%. This valuation gap offers $78,830 in Instant Equity. Boasting a 6.8% Cap Rate and 12.8 GRM, the property features a 1920s Craftsman Duplex and a newer Mediterranean Home with Sweeping Ocean Views. With a Condition Rating of 3 and ADU Conversion Potential, this asset ensures immediate cash flow and appreciation. It is ideal for Buy-and-Hold Investors or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 153 157 S Laurel Street Subject | $1,450,000* List Price | 0 | 0 | 3,214 | $476 | - |
A 934 Sharon Lane Sold | $1,500,000 | 3 | 3 | 3,161 | $475 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and features a combination of a well-maintained 1920s Craftsman duplex and a newer Mediterranean-style home. All units have been updated with modern granite countertops, new tile and wood flooring, and updated tiled bathrooms. The interiors show minimal wear, and the presence of stainless steel appliances and updated fixtures indicates the property has undergone significant recent renovations, though it is not a brand-new construction.
The property boasts a high 6.8% capitalization rate and a 12.80 GRM, offering superior cash flow and investment performance for a coastal California market.
Located in downtown Ventura with convenient beach access, the property features sweeping ocean and mountain views from the master bedroom and upper-level deck.
Investors can leverage ADU conversion potential for increased revenue and significant property tax savings through the Mills Act due to its historic Craftsman heritage.
The 1920s Craftsman duplex may require specialized upkeep and higher long-term maintenance costs associated with aging historic structures.
The presence of only one separate water meter for three units complicates utility billing and may result in higher owner-paid expenses compared to fully metered properties.
Ocean Views With Capitalization Rate of 6.8% and a GRM of 12.80! *** Downtown Ventura Triplex with convenient access to beach and downtown Ventura *** Classic 1920s Craftsman duplex showcase of character boasts a significant part of the heritage and charm of coastal Ventura, with modern touches. *** Newer 2 bedroom 2 bath Mediterranean-style home with attached garage offers sweeping ocean and mountain views from its master bedroom and its upper-level deck***All units offer granite countertops, new tile and wood flooring and tiled bathrooms throughout. With a versatile layout and value-add potential of ADU conversion. Surrounded by luxury developments, this is a prime opportunity in a thriving neighborhood. unit mix: (1) 1 bed/1 bath rent = $2040 (30 days after buyer releases contingencies), (1) 2 bed/1 bath- rent=$3155 (30 days after buyer releases contingencies) , (1) 2 bed/2 bath- vacant - proforma rent= $4250 ** 7 additional off street parking spots on the property*** Tenants cover utilities & trash 1 Separate Water Meter, 2 Separate Gas Meters, 2 Separate Electric Meters ***Potential property tax savings with Mills Act **
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 2.5 | 38% |
| Baths | 0.0 | 2.5 | 38% |
| Square foot | 3,214 | 2,435.5 | 88% |
| Lot Size | 5,662 | 6,751 | 50% |
| Price | $1.45M | $1.04M | 75% |
| Price per sq ft | $451 | $458 | 50% |
| Built year | 1920 | 1929 | 13% |
| HOA | $0 | $0 | 50% |
| Days on market | 62 | 169 | 13% |
Feb 19, 2026
$1,450,000
Initial Listing