2474 Fernwood Drive, Ventura, California 93001, Ventura, 93001 - 4 bed, 3 bath
2474 Fernwood Drive
Ventura, California 93001
Property Price
SUMMARY
Analysis of 2474 Fernwood Drive, Ventura, California 93001 is currently available with a list price of $1,450,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Ventura Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
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.
PROSSTRENGTHS & OPPORTUNITIES
- Development Potential
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.
- Prime Hillside Location
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.
- Recent Capital Improvements
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.
CONSRISKS & DEFICIENCIES
- Compact Unit Sizes
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.
- Limited In-Unit Amenities
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.
About 2474 Fernwood Drive
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!
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1959
- Lot Size
- 10,018 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Ventura Unified Schools
Loma Vista Elementary School
Grades K-5 • 0.7 mi
Lincoln Elementary School
Grades K-5 • 1.3 mi
Cabrillo Middle School
Grades 6-8 • 1.1 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 2.5 | 75% |
| Baths | 3.0 | 2.5 | 50% |
| Square foot | 2,035 | 1,953.5 | 50% |
| Lot Size | 10,018 | 7,120 | 88% |
| Price | $1.45M | $1.11M | 75% |
| Price per sq ft | $713 | $486 | 88% |
| Built year | 1959 | 1944 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 15 | 153 | 13% |
Pricing History
Listed for Sale
Feb 20, 2026
$1,450,000
Initial Listing
Sold
Mar 16, 2020
$863,500
Public Record