2474 Fernwood Drive, Ventura, California 93001, Ventura, 93001 - 4 bed, 3 bath
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Ventura, California 93001
This Versatile Hillside Triplex is a High-Potential Investment Opportunity listed at $1,375,000—positioned well below the $1,385,778 Fair Market Value by 1%. This valuation gap offers $10,778 in Instant Equity. Currently in Good Condition with a new roof, fresh paint, and updated HVAC, the property features breathtaking Ocean and Coastline Views on a rare 10,018 sq. ft. lot with ADU potential. Located near Ventura High School, it provides immediate rental income with long-term development upside. This is an ideal opportunity for Buy-and-Hold Investors or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2474 Fernwood Drive Subject | $1,375,000* List Price | 4 | 3 | 2,035 | $681 | - |
A 2484 Fernwood Drive Active | $1,299,000 List Price | 0 | 0 | 2,035 | $638 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the property was built in 1959 and the kitchens and bathrooms retain older, dated styles with basic appliances, it earns a 'good' rating due to significant recent capital improvements. The listing and images confirm a new roof, fresh exterior paint, updated HVAC forced air systems, and mostly replaced windows. The units are clean, well-maintained, and move-in ready, meeting the criteria for functional major systems and minimal deferred maintenance.
The expansive 10,018 sq. ft. lot provides a rare opportunity to potentially add an additional unit, significantly increasing the property's income-generating capacity and overall value.
Nestled on a private cul-de-sac with ocean and coastline views, this property offers a desirable blend of tranquility and proximity to downtown Ventura, beaches, and top-rated schools.
With a new roof, fresh exterior paint, updated HVAC systems, and mostly replaced windows, the property reduces immediate maintenance costs and provides peace of mind for investors.
With only 2,035 total sq. ft. divided among three units, the individual living spaces are relatively small, which may limit the tenant profile to smaller households.
The property features a shared laundry room and lacks dishwashers in two of the units, which could be a competitive disadvantage compared to more modern rental offerings in the area.
Discover this exceptional triplex situated on a large 10,018 sq. ft. lot with backyard views of the ocean. Nestled on a private desirable hillside cul-de-sac location offering peace and privacy. Enjoy the convenience of nearby shopping, diverse restaurants, VHS. Easy access to downtown and beaches make this an ideal location for homebuyers and tenants. This 2,035 sq ft. property features one 2+1 and two 1+1 units that have been nicely maintained and managed over the years. One unit has a dishwasher. Three car garage, that offers each unit its own single car garage. Plenty additional parking with possible potential of adding an additional separate unit, offering even more investment opportunities! Shared laundry room. New roof, fresh exterior paint, deck repair and termite work recently completed prior to listing. Most windows and HVAC forced air system in units were replaced. Each unit has separate gas and electric meters. Excellent opportunity for homebuyers looking to invest in a prime location with remarkable rental potential. Don't miss out on this chance to own a versatile income -generating property in Ventura Hillside! Great Opportunity!
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades K-5 • 1.3 mi
Grades 6-8 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 75% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,035 | 2,120 | 50% |
| Lot Size | 10,018 | 8,276 | 75% |
| Price | $1.38M | $1.04M | 75% |
| Price per sq ft | $676 | $470 | 88% |
| Built year | 1959 | 1945 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 61 | 169 | 13% |
Apr 4, 2026
$1,375,000
$1,450,000
-5% Price Drop
Initial Listing
Feb 20, 2026
$1,450,000
Initial Listing
Mar 16, 2020
$863,500
Public Record