RealKey
‪(213) 433-7766‬

157 153-155 S Laurel Street, Ventura, California 93001, Ventura, 93001 - bed, bath

157 153-155 S Laurel Street, Ventura, California 93001 home-pic-0
ACTIVE$1,529,000
157 153-155 S Laurel Street, Ventura, California 93001
0Bed
0Bath
2,394Sqft
6,000Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Prime Coastal Location & Views: Exceptional Downtown Ventura location, just steps from the beach, pier, dining, and entertainment, offering stunning ocean and mountain views from multiple units.
Top Cons:
Management Complexity: Operating a multi-unit property (triplex, with potential for a quadplex) and managing short-term rentals requires significant time, effort, and expertise from the owner/manager.

Compared to the nearby listings

Price:$1.53M vs avg $1.11M (+$414,000)90%
Size:2,394 sqft vs avg 1,829.5 sqft90%
Price/sqft:$639 vs avg $63250%

More Insights

Built in 2008 (17 years old).
Condition: This property features a mix of units, including a newer 2013 Mediterranean-style home and an updated 1920s Craftsman duplex. The listing explicitly states 'updated homes' with 'modern touches,' 'granite countertops,' and 'new tile and wood flooring and tiled bathrooms throughout' for all units. Images show recently installed white shaker-style cabinets (some still wrapped), new wood laminate flooring, and clean, well-maintained bathrooms. The overall condition reflects extensive recent renovations, making the property virtually new in its key components and meeting current quality standards.
Year Built
2008
Close
-
List price
$1.53M
Original List price
$1.53M
Price/Sqft
$639
HOA
-
Days on market
-
Sold On
-
MLS number
SW25183148
Home ConditionExcellent
Features
Excellent View: City Lights, Coastline, Landmark, Mountain(s), Ocean, Panoramic, Pier, Water
Deck
ViewCity Lights,Coastline,Landmark,Mountain(s),Ocean,Panoramic,Pier,Water

About this home

Rare Downtown Ventura property with ocean views by the beach!. Just steps from the beach, this exceptional Downtown Ventura property features two updated homes with stunning ocean views. The classic 1920s Craftsman duplex showcase of character boasts a significant part of the heritage and charm of coastal Ventura, with modern touches. The newer 2013 Mediterranean-style home 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–including ADU conversion and short-term Airbnb rental possibilities–this property could offer up to four rentable units. Enjoy a lifestyle of walkable to the beach, pier, dining, theaters, hikes, and more. Surrounded by luxury developments, this is a prime opportunity in a thriving neighborhood. Highlights: Ocean views & walk-to-beach location Classic Ventura Craftsman duplex 2013 built Mediterranean home Flexible unit mix: (1) 1 bed/1 bath, (1) 2 bed/1 bath, (1) 2 bed/2 bath Courtyard-style layout with attached garage 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 Mills Act available for very low property taxes Development potential & ADU-ready garage Short-term rental potential as the house 2 doors down is successful Airbnb Option to purchase bordering property at 967-963 E Thompson Blvd Lot Size: 6000 square feet Cap rate is 6.47% GRM is 13.5

Condition Rating
Excellent
This property features a mix of units, including a newer 2013 Mediterranean-style home and an updated 1920s Craftsman duplex. The listing explicitly states 'updated homes' with 'modern touches,' 'granite countertops,' and 'new tile and wood flooring and tiled bathrooms throughout' for all units. Images show recently installed white shaker-style cabinets (some still wrapped), new wood laminate flooring, and clean, well-maintained bathrooms. The overall condition reflects extensive recent renovations, making the property virtually new in its key components and meeting current quality standards.
Pros & Cons

Pros

Prime Coastal Location & Views: Exceptional Downtown Ventura location, just steps from the beach, pier, dining, and entertainment, offering stunning ocean and mountain views from multiple units.
Significant Income & Development Potential: Comprising two updated homes with a versatile layout, the property offers potential for up to four rentable units (including ADU conversion) and short-term Airbnb rentals, supported by a 6.47% cap rate.
Diverse Property Mix & Modern Updates: Features a classic 1920s Craftsman duplex alongside a newer 2013 Mediterranean-style home, all units boasting modern updates like granite countertops, new tile/wood flooring, and tiled bathrooms.
Favorable Financial Structure: Benefits from the Mills Act for very low property taxes, and tenants cover utilities and trash, with separate meters for water, gas, and electricity, enhancing profitability.
Ample Parking: Includes an attached garage and 7 additional off-street parking spots, a significant advantage in a dense downtown and coastal area.

Cons

Management Complexity: Operating a multi-unit property (triplex, with potential for a quadplex) and managing short-term rentals requires significant time, effort, and expertise from the owner/manager.
Age-Related Maintenance for Craftsman: While updated, the 1920s Craftsman duplex, despite its charm, may still incur higher maintenance costs or require more frequent attention compared to newer construction.
Potential for Noise & Traffic: Its prime downtown and beachside location, while desirable, could lead to increased noise levels and foot traffic, potentially impacting tenant privacy or quiet enjoyment.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state