
Ventura, California 93004
This property presents a High-Potential Investment Opportunity with a List Price of $799,000—positioned well below the $796,054 Fair Market Value (priced at market). While the home maintains a Fair Condition Rating, the expansive 8,712 sq. ft. lot offers significant upside for ADU development or expansion. Recent exterior upgrades and a newer roof provide a solid foundation for value-add interior renovations. This asset is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants looking to leverage the flexible den and large lot for long-term growth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 184 Banner Avenue Subject | $808,000* List Price | 3 | 2 | 1,244 | $642 | - |
A 417 Mara Avenue Sold | $815,000 | 3 | 2 | 1,244 | $655 | 0.2 mi |
B 204 Banner Avenue Sold | $819,000 | 3 | 2 | 1,244 | $658 | 0.0 mi |
C 140 Banner Avenue Sold | $795,000 | 3 | 3 | 1,244 | $639 | 0.0 mi |
D 482 Mackay Avenue Sold | $849,000 | 4 | 2 | 1,550 | $548 | 0.3 mi |
E 351 Crocker Sold | $785,000 | 3 | 2 | 1,374 | $571 | 0.3 mi |
F 1256 Rugby Avenue Sold | $840,000 | 4 | 2 | 1,430 | $587 | 0.9 mi |
G 404 Mackay Avenue Sold | $825,000 | 3 | 2 | 1,280 | $645 | 0.2 mi |
H 230 Baldwin Avenue Sold | $800,000 | 3 | 2 | 1,325 | $604 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1959, the property has received recent exterior updates, a newer roof, and quartz kitchen counters, but the listing explicitly states it needs interior paint and flooring TLC. The age of the structure and the presence of a septic system align with the 'Fair' category requiring minor updates.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8712, living area = 1244.
The nearly 9,000-square-foot lot is significantly larger than average for the area, offering rare potential for an ADU, guest house, or multi-generational living expansion.
Significant recent improvements including a newer roof, quartz kitchen countertops, and fresh exterior paint provide immediate value and reduce near-term capital expenditure for the buyer.
The property requires interior TLC, specifically new flooring and paint, which will necessitate additional immediate investment and effort from the new owner.
Being on a septic system rather than public sewer adds complexity and potential cost to any future expansion or ADU projects, requiring specific regulatory approvals.
PLEASE NOTE: THE ONLY SHOWINGS/OPEN HOUSES AVAILABLE WILL BE SATURDAY, AUGUST 29TH FROM 11AM-1PM AND SUNDAY, AUGUST 30TH FROM 12PM-2PM.Welcome to this recently updated Ventura home offering 3 bedrooms + a versatile den, 2 full bathrooms, and an expansive lot just shy of 9,000 square feet! The den was previously utilized as a 4th room in the past and offers excellent flexibility for a home office, guest room, playroom, or additional sleeping space.Recent improvements include fresh exterior paint, quartz kitchen countertops, a new sink and faucet, freshly painted kitchen cabinetry, completed termite repairs, a fresh asphalt coating on the driveway, and a newer roof. The property does need some additional TLC, particularly interior paint and flooring, offering the next owner an opportunity to make it their own. The oversized lot provides ample outdoor space and exciting future possibilities for an ADU, guest house, casita, multigenerational living, or potential rental income. Property is on a septic system; therefore, any future ADU or additional dwelling project would need to factor in the existing septic system, including any expansion or upgrades that may be required to accommodate additional dwelling units, subject to applicable approvals and requirements.Conveniently located in an established Ventura neighborhood near schools, shopping, dining, parks, beach, and easy access to the 126 Freeway. A wonderful opportunity to own an updated home with space to grow and long-term potential in Ventura! Properties offering a lot of this size do not come to market often, especially in the wonderful and highly desirable East Ventura location--making this a unique opportunity for buyers looking for space, potential, and a property they can truly make their own.*Photos have been virtually staged/altered.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,244 | 1,640.818 |
| Lot Size | 8,712 | 6,355.743 |
| Price | $808.0K | $999.0K |
| Price per sq ft | $650 | $619 |
| Built year | 1959 | 1964 |
| HOA | $0 | $187 |
| Days on market | 12 | 56 |
Sep 3, 2026
$808,000
$799,000
+1% Price Increase
Initial Listing
Aug 28, 2026
$799,000
Initial Listing