
Ventura, California 93003
This Multi-Generational Residential Asset is a Strong Value Opportunity, listed at $1,190,000—positioned well above the $1,132,857 Fair Market Value by -5%. Featuring a Condition Rating of 4, the home offers significant upside through modernization of its vintage interior. Key features include a fully owned solar system, detached garage with ADU potential, and a flexible third bedroom with private entrance. Located near top-rated schools like Loma Vista Elementary, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking long-term value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 250 Palomares Subject | $1,190,000* List Price | 3 | 3 | 2,010 | $548 | - |
A 218 Palomares Avenue Sold | $1,225,000 | 2 | 2 | 1,829 | $670 | 0.0 mi |
B 3750 Mound Sold | $975,000 | 3 | 2 | 1,492 | $653 | 0.2 mi |
C 4643 Varsity Street Street Sold | $839,995 | 3 | 2 | 1,354 | $620 | 0.8 mi |
D 281 Glen Ellen Drive Sold | $1,300,000 | 4 | 3 | 2,374 | $548 | 0.2 mi |
E 273 Brentwood Avenue Sold | $940,000 | 4 | 2 | 1,567 | $600 | 0.6 mi |
F 364 Carol Drive Active Under Contract | $1,125,000 List Price | 3 | 2 | 1,767 | $637 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1953, the property maintains its original vintage kitchen and dated bathroom finishes, placing it in the >20-year category for interior updates. While the home features excellent system maintenance including a newer roof, vinyl windows, and a fully owned solar system, the core living areas require modernization to meet current standards.
The property offers exceptional flexibility with a third bedroom featuring a separate entrance and private bath, plus existing plans and estimates for a 400-square-foot ADU conversion of the detached garage.
Significant value-add features include a fully owned 16-panel LG solar system, an updated roof and gutters, and energy-efficient vinyl windows, reducing immediate capital expenditure for the buyer.
Situated in the desirable Loma Vista Terrace area, the home is less than three miles from the beach and provides convenient access to Ventura College, major medical centers, and downtown Ventura.
Despite its proximity to the foothills and the coast, the property listing indicates no specific views, which may be a disadvantage compared to other hillside homes in the Ventura area.
The kitchen retains its original 1950s tilework and vintage range; while charming, these elements may require a modern update to meet the aesthetic preferences of contemporary buyers.
Set in the Loma Vista Terrace area of Ventura’s sought-after College Area, this three-bedroom home offers authentic mid-century character in a location that makes the most of Ventura living. Tucked below the foothills and less than three miles from the beach, the home is close to Ventura College, shopping, dining, Community Memorial Hospital and Ventura County Medical Center. Inside, the home feels bright, comfortable and full of personality. The kitchen preserves its vintage appeal with original tilework and a classic Wedgewood range, while wood flooring, energy-efficient vinyl windows, plantation shutters and neutral finishes provide an inviting foundation for the next owner. The third bedroom features a separate entrance and private bathroom, creating a flexible space for guests, extended family, a home office or possible rental use. Upstairs, a spacious bedroom (bonus room) offers even more versatility as a den, media room or additional office and includes a half bath and built-in shelving. Meaningful improvements include an updated roof and gutters, a fully owned solar system with 16 LG panels, and a 60-amp electrical subpanel at the detached garage. The long driveway provides ample off-street parking and may offer potential space for an RV, boat or additional vehicles. Plans and an estimate have also been prepared for an approximately 400-square-foot ADU conversion of the detached garage, giving a future owner a valuable starting point for additional living space, a studio, multigenerational use or possible rental income. Buyers should independently verify parking suitability, plans, permit status, costs and feasibility. With convenient access to Highways 101 and 126, downtown Ventura, the coast and Santa Barbara, this home brings together a well-positioned neighborhood, flexible living spaces and opportunities to make it your own.***VA Loan at 2.25% potentially assumable for qualified VA (only) buyer.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades 6-8 • 2.0 mi
Grades 9-12 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,010 | 1,640.818 |
| Lot Size | 6,969 | 6,355.743 |
| Price | $1.19M | $999.0K |
| Price per sq ft | $592 | $619 |
| Built year | 1953 | 1964 |
| HOA | $0 | $187 |
| Days on market | 37 | 56 |
Aug 3, 2026
$1,190,000
Initial Listing
Jul 8, 2019
$760,000
Public Record
Apr 26, 2019
$649,000
Public Record