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175 E Lewis Street, Ventura, California 93001, Ventura, 93001 - 5 bed, 3 bath

175 E Lewis Street, Ventura, California 93001 home-pic-0
ACTIVE$700,000$1,583/sqft
Est. Value: $661,821
-5%
AboveEstimate
175 E Lewis Street, Ventura, California 93001
5Beds
3Baths
1,583Sqft
6,098Lot

Price Vs. Estimate

The estimated value ($661,820.505) is $38,179.495 (5%) lower than the list price ($700,000). This property may be overpriced.

Key pros and cons

Top Pros:
Flexible R2 Zoning & Income Potential: The R2 zoning allows for multi-unit conversion or expansion, with a current layout that can be divided into two separate living spaces, offering significant income-generating opportunities for investors or multi-generational living.
Top Cons:
MLS Listing Discrepancy: Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 3.

Compared to the nearby listings

Price:$700.0K vs avg $1.32M ($-615,550)9%
Size:1,583 sqft vs avg 1,716 sqft41%
Price/sqft:$442 vs avg $7837%

More Insights

Built in 1928 (98 years old).
Condition: Built in 1928, this property requires substantial repairs and rehabilitation. The kitchen is gutted, with only a range visible and no cabinets or countertops. Bathrooms are severely outdated with vintage tile and fixtures, likely from 30-50+ years ago. Flooring throughout is either bare subfloor or heavily worn, indicating a need for complete replacement. The description explicitly states it's an 'investor/cash-buyer opportunity' requiring 'significant renovation,' aligning with the 'poor' condition criteria.
Year Built
1928
Close
-
List price
$700K
Original List price
$700K
Price/Sqft
$442
HOA
-
Days on market
-
Sold On
-
MLS number
V1-34095
Home ConditionPoor
Features
Deck
Patio
View-

About this home

Great investor/cash-buyer opportunity to own a charming 1928 Ventura home zoned R2 with 5 bedrooms and 3 baths. Rich with vintage character and endless potential, this property is ready for your imagination--ideal for a renovation, income property, or creative redevelopment. The flexible R2 zoning offers excellent possibilities for expansion or multi-unit use (buyer to verify).The existing layout offers the potential to create two separate living spaces, with a 2-bedroom, 1-bath unit on the main level and a 2-bedroom, 2-bath unit with living space with balconies upstairs --perfect for rental income, multi-generational living, or a live-in-one, rent-the-other opportunity.Located just minutes from Ventura's beautiful beaches, vibrant downtown, boutique shopping, and popular restaurants, this property combines classic California charm with an unbeatable coastal lifestyle. Whether you're looking to restore its original character or reimagine it into a modern investment opportunity, this is a rare chance to secure a versatile property in Ventura, California. - All information is deemed reliable but not guaranteed. Seller and Seller's Agent make no representations or warranties as to the accuracy of any information provided. Buyer and Buyer's Agent are advised to independently verify all facts, including but not limited to square footage, zoning, permits, condition, and use of the property.

J
Jennifer Wachsmuth
Listing Agent

Nearby schools

4/10
E. P. Foster Elementary School
Public,•K-5•0.2mi
5/10
De Anza Academy Of Technology And The Arts
Public,•6-8•0.5mi
6/10
Ventura High School
Public,•9-12•1.8mi
Condition Rating
Poor
Built in 1928, this property requires substantial repairs and rehabilitation. The kitchen is gutted, with only a range visible and no cabinets or countertops. Bathrooms are severely outdated with vintage tile and fixtures, likely from 30-50+ years ago. Flooring throughout is either bare subfloor or heavily worn, indicating a need for complete replacement. The description explicitly states it's an 'investor/cash-buyer opportunity' requiring 'significant renovation,' aligning with the 'poor' condition criteria.
Pros & Cons

Pros

Flexible R2 Zoning & Income Potential: The R2 zoning allows for multi-unit conversion or expansion, with a current layout that can be divided into two separate living spaces, offering significant income-generating opportunities for investors or multi-generational living.
Prime Ventura Location: Located just minutes from Ventura's beautiful beaches, vibrant downtown, boutique shopping, and popular restaurants, providing access to a desirable coastal lifestyle and amenities.
High Renovation & Redevelopment Potential: Marketed as a property with 'endless potential' for renovation, creative redevelopment, or restoration, appealing to buyers seeking a customization project or value-add investment.
Historic Charm: A charming 1928-built home 'rich with vintage character,' offering a unique aesthetic and the opportunity to restore its original appeal.
Proximity to Quality Schools: Conveniently located near well-rated public elementary, middle, and high schools, enhancing its attractiveness for families.

Cons

MLS Listing Discrepancy: Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 3.
Significant Renovation Required: Positioned as an 'investor/cash-buyer opportunity,' the property is not move-in ready and will require substantial capital investment for renovation, updates, or redevelopment to realize its full potential.
Age-Related Maintenance & Systems: Built in 1928, the property is nearly a century old, suggesting potential for outdated systems, structural issues, and ongoing maintenance typical of vintage homes.
Extensive Buyer Due Diligence: The listing explicitly states that buyers must independently verify all facts, including zoning, permits, condition, and use, placing a high burden of due diligence and implying potential undisclosed issues.
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