
Ventura, California 93003
This Architectural Mid-Century Masterpiece represents a Prime Investment Opportunity, listed at $2,195,000—positioned well below the $2,251,914 Fair Market Value by 2%. This valuation gap offers $56,914 in Instant Equity. Featuring a Mint Condition Rating with high-end renovations, the home offers Panoramic Ocean Views and a Large 14,810 sqft Lot. With its documented history by Julius Shulman, this property is an ideal acquisition for Discerning Investors or Owner-Occupants seeking a turnkey, historically significant coastal sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2897 Grove Street Subject 3 bd · 2 ba · 2,268 sqft · $993 | $2,195,000* List Price | 3 | 2 | 2,268 | $993 | - |
A 3185 Breaker Drive Active 5 bd · 2 ba · 2,098 sqft · $781 · 0.3 mi | $1,639,000 List Price | 5 | 2 | 2,098 | $781 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1958, the property has undergone a comprehensive, high-end renovation within the last 5 years. The kitchen features modern flat-panel cabinetry, a waterfall island, and premium stainless steel appliances. The bathrooms are fully updated with contemporary tiling and a freestanding tub. The home is in mint condition with no visible maintenance needs.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 14810, living area = 2268.
Designed by renowned architect Carl Maston and documented by Julius Shulman, this home offers significant historical value and mid-century modern prestige.
The property features breathtaking, unobstructed vistas of the Pacific Ocean, Channel Islands, and Ventura hillside, visible through expansive walls of glass.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2268, other record living area = 2115. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
The terraced hillside setting, while providing views, limits the amount of flat, usable yard space for traditional recreational use or future expansions.
As a 1958 structure with a flat roof and extensive glass, the property may require specialized maintenance and could present challenges regarding modern energy efficiency.
Designed by architect Carl Maston in 1958, the Addison Residence pairs California mid-century architecture with views of the Pacific Ocean, Channel Islands, and surrounding hillside. Perched in a private hillside setting, this distinctive single-level Ventura beauty celebrates light and openness, where architecture and nature exist in harmony.The impressive broad, flat roof, massive structural beams, and expansive walls of glass establish its architectural character before you ever set foot inside. Enter through a sheltered courtyard with skylights and inviting seating areas--one of the many outdoor spaces designed for comfort and tranquility. Exposed ceiling beams carry the design through the interiors, inviting you into a beautiful home offering remarkable privacy, unforgettable spaces for gathering, and expansive views.With a floor plan that opens naturally to outdoor decks and beautiful gardens, the home extends its sense of space and brings the surrounding landscape and intoxicating views into everyday living. The open, light-filled kitchen features a generous island with seating, streamlined cabinetry, and an adjoining dining area wrapped in view-filled windows. Outside, a covered deck offers a beautiful place to linger while taking in more of those magnificent views. Sculptural succulents and terraced gardens complement the home's clean lines and hillside setting, creating a piece of mid-century perfection inside and out.This stunning home was photographed by Julius Shulman and published in Architectural Record in 1961. The Addison Residence brings together documented architectural history, inviting living spaces, views that never quit, and an exceptional coastal lifestyle.A timeless mid-century modern masterpiece to be experienced, not simply owned.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 2,268 | 1,627.281 |
| Lot Size | 14,810 | 6,289.688 |
| Price | $2.19M | $960.5K |
| Price per sq ft | $968 | $626 |
| Built year | 1958 | 1964 |
| HOA | $0 | $203 |
| Days on market | 31 | 58 |
Sep 23, 2026
$2,195,000
Initial Listing
Jun 23, 2015
$1,350,000
Public Record
Jan 16, 2015
$950,000
Public Record