
Ventura, California 93001
This property presents a High-Potential Investment Opportunity with a List Price of $625,000—positioned well above the $503,354 Fair Market Value by -24%. Featuring R-2 Zoning on a 5,227 sqft lot and a versatile detached structure, this asset offers significant value-add potential through renovation or expansion. Given the Fair Condition Rating and 1928 build date, the property requires a comprehensive rehab. This is a strategic acquisition ideal for Fix-and-Flip Investors or Contractors seeking to maximize density in a prime coastal Ventura location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 225 Comstock Drive Subject | $625,000* List Price | 2 | 1 | 652 | $772 | - |
A 386 W Prospect Street Sold | $600,000 | 1 | 1 | 778 | $771 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1928, this nearly century-old property is explicitly marketed as an investment or builder opportunity. While it features some updates like vinyl windows, the interior shows significant wear with damaged hardwood floors and unhinged doors, indicating a need for a comprehensive rehab of the kitchen, bath, and core systems to be fully functional.
The R-2 zoning on a 5,227 sqft lot provides a rare opportunity for investors or builders to expand, renovate, or potentially add additional units to maximize the property's value.
The property includes a large detached building that offers significant flexibility for conversion into a two-car garage, workshop, or creative studio.
Situated in Ventura near the beach and major freeway access, the location is highly desirable for those seeking a coastal lifestyle with convenient commuting options.
With only 652 square feet of living area, the current home is exceptionally small, which may limit its appeal to buyers not looking for a major expansion project.
Built in 1928 and marketed toward buyers with 'vision,' the property likely requires substantial capital investment to modernize its aging infrastructure and finishes.
Welcome to this charming adobe-style home on the Avenue, offering potential on an R-2 zoned lot. This unique property features a spacious detached building that could be converted into a large 2 car garage, workshop, studio, or utility building, providing endless possibilities for customization. Ideal for investors, builders, or buyers with vision. The property offers excellent opportunity to expand, renovate or maximize its potential. Conveniently located near the beach, freeway access.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades 6-8 • 0.3 mi
Grades 9-12 • 1.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 26% |
| Baths | 1.0 | 2.0 | 20% |
| Square foot | 652 | 1,455 | 2% |
| Lot Size | 5,227 | 5,662 | 48% |
| Price | $625.0K | $1.10M | 5% |
| Price per sq ft | $959 | $857 | 70% |
| Built year | 1928 | 1958 | 26% |
| HOA | $0 | $0 | 50% |
| Days on market | 4 | 136 | 5% |
Jun 2, 2026
$625,000
Initial Listing