153 157 S Laurel Street, Ventura, California 93001, Ventura, 93001 - bed, bath
153 157 S Laurel Street
Ventura, California 93001
Property Price
SUMMARY
Analysis of 153 157 S Laurel Street, Ventura, California 93001 is currently available with a list price of $1,450,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Ventura Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
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.
PROSSTRENGTHS & OPPORTUNITIES
- Exceptional Investment Returns
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.
- Prime Coastal Location & Views
Located in downtown Ventura with convenient beach access, the property features sweeping ocean and mountain views from the master bedroom and upper-level deck.
- Value-Add & Tax Incentives
Investors can leverage ADU conversion potential for increased revenue and significant property tax savings through the Mills Act due to its historic Craftsman heritage.
CONSRISKS & DEFICIENCIES
- Historic Maintenance Requirements
The 1920s Craftsman duplex may require specialized upkeep and higher long-term maintenance costs associated with aging historic structures.
- Partial Utility Separation
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.
About 153 157 S Laurel Street
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 **
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1920
- Lot Size
- 5,662 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | 1.0 | 50% |
| Baths | - | 1.0 | 50% |
| Square foot | 3,214 | 2,038.5 | 88% |
| Lot Size | 5,662 | 6,031 | 50% |
| Price | $1.45M | $1.11M | 75% |
| Price per sq ft | $451 | $470 | 38% |
| Built year | 1920 | 1928 | 13% |
| HOA | $0 | $0 | 50% |
| Days on market | 16 | 153 | 13% |
Pricing History
Listed for Sale
Feb 19, 2026
$1,450,000
Initial Listing