189 Teloma Drive, Ventura, California 93003, Ventura, 93003 - 3 bed, 3 bath
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Ventura, California 93003
This Mid-Century Value-Add Asset is listed at $1,499,999, reflecting a strategic premium for land utility over the $1,192,179 Fair Market Value. Currently holding a Condition Rating of 4, the 1955 structure offers a substantial 2,533 sq. ft. footprint with an extra-large family room. The property’s core strength is the 17,424 sq. ft. lot, featuring a private patio, ADU possibilities, and a producing avocado orchard within the Ventura Unified School District. This is a high-potential acquisition for Value-Add Investors or Owner-Occupants looking to build equity through modernization.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 189 Teloma Drive Subject | $1,395,000* List Price | 3 | 3 | 2,533 | $470 | - |
A 262 Crestwood Avenue Sold | $1,625,000 | 5 | 4 | 3,228 | $503 | 0.2 mi |
B 6110 Cobblestone Drive Sold | $1,643,000 | 4 | 3 | 3,301 | $498 | 0.7 mi |
C 194 Dean Court Active Under Contract | $1,200,000 List Price | 4 | 3 | 2,197 | $546 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1955, this home is well-maintained but remains largely in its original state with significant mid-century features. The kitchen and living areas feature dated wood cabinetry, extensive wood paneling, and older fixtures. While the property is clean and functional with some newer appliances like the refrigerator, it lacks modern renovations and requires cosmetic and system updates to meet current market standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 17424, living area = 2533.
The property features a rare 17,400 sq. ft. lot with established landscaping, including eight producing avocado trees and various mature fruit trees, providing a private and functional outdoor oasis.
With its oversized lot and favorable zoning, the property offers excellent opportunities for an Accessory Dwelling Unit (ADU), RV parking, or further home expansion to increase overall value.
Built in 1955, the home may require significant capital investment to modernize its systems and aesthetic finishes to meet the expectations of today's luxury buyers.
Despite its location in a desirable Ventura neighborhood and a price point near $1.5 million, the property lacks the coastal or hillside views often associated with premium homes in the area.
A rare opportunity to own a property situated on an expansive 17,400 sq. ft. lot in one of Ventura's most desirable neighborhoods. Step inside to a warm and inviting floor plan featuring three generously sized bedrooms and 2.5 bathrooms, designed for both everyday living and entertaining. One of the home's most desirable features is the extra-large family room, a versatile and expansive space that offers endless possibilities. Whether you envision a media room, game room, home office or gym, the oversized area provides the flexibility to adapt to your lifestyle. It's truly a space that sets this home apart. This oversized lot offers endless possibilities for outdoor living, expansion, gardening, or creating your own private retreat. The grounds are truly special, featuring mature fruit trees and eight producing avocado tree, providing both beauty and functionality. Imagine harvesting your own fresh fruit, enjoying shaded outdoor gatherings, or designing a custom garden oasis. The generous lot size offers ample space for entertaining, zoned for additional ADU possibilities (buyer to verify), RV parking, or simply enjoying the privacy and open space that is increasingly hard to find. The possibilities are endless from relaxing under the trees, hosting weekend barbecues, or exploring future development opportunities, this property combines space, charm, and versatility, all in the heart of Ventura. Don't miss this unique chance to own a large-lot property with established landscaping and incredible potential.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 2.0 | 58% |
| Square foot | 2,533 | 1,710 | 88% |
| Lot Size | 17,424 | 6,969 | 96% |
| Price | $1.40M | $950.0K | 85% |
| Price per sq ft | $551 | $569 | 46% |
| Built year | 1955 | 1963 | 24% |
| HOA | $0 | $0 | 50% |
| Days on market | 34 | 181 | 5% |
Apr 16, 2026
$1,395,000
$1,499,999
-7% Price Drop
Initial Listing
Mar 19, 2026
$1,499,999
Initial Listing