
Ventura, California 93003
This property presents a High-Potential Investment Opportunity with a List Price of $768,000—positioned well above the $662,244 Fair Market Value by -15%. Featuring a Condition Rating of 5, this asset requires a full rehab, yet offers significant utility through its M-1 Zoning and expansive 9,583 sqft lot. The inclusion of a detached office and workshop provides immediate functional value for industrial or commercial use. This is a strategic acquisition ideal for Buy-and-Hold Investors or Contractors seeking redevelopment upside.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2982 Sherwin Avenue Subject | $768,000* List Price | 2 | 2 | 992 | $668 | - |
A 2586 Waxwing Avenue Sold | $755,000 | 3 | 2 | 1,201 | $629 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1949 with no evidence of major renovations in the last 30-50 years. The kitchen and bathrooms appear dated and basic, the exterior structures show significant weathering, and the listing explicitly targets investors for 'redevelopment opportunities,' indicating the property requires a full rehab.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9583, living area = 992.
The rare M-1 zoning allows for light manufacturing and industrial uses, providing exceptional flexibility for business owners, contractors, or redevelopment projects.
The property features a detached office and an expansive workshop with oversized doors and dedicated amenities, catering perfectly to professional or hobbyist needs.
With only 992 square feet of living area, the residential portion of the property is relatively small, which may limit appeal for those seeking a primary family residence.
Built in 1949, the structures may require significant modernization or repairs to meet current standards, potentially increasing the total investment cost.
Attention investors, contractors, and business owners! Rare opportunity to own a versatile property featuring a single-family residence on a large M-1 zoned lot, allowing for manufacturing, commercial and industrial uses. The property includes a charming Spanish-style 2-bedroom, 2-bath home, a detached office with bathroom, and an expansive 1400 sq ft workshop with two oversized doors, dedicated office space, bathroom and shower and additional storage. A large concrete yard provides ample room for RV, vehicle, equipment, or fleet storage. The fully fenced lot offers security and flexibility for a variety of business, project enthusiasts or investment applications. Convenient freeway access enhances functionality and accessibility. Whether you're looking for an owner-user property, rental income potential, workspace expansion, or redevelopment opportunities, this unique property offers exceptional upside and endless possibilities.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 992 | 1,640.818 |
| Lot Size | 9,583 | 6,355.743 |
| Price | $768.0K | $999.0K |
| Price per sq ft | $774 | $619 |
| Built year | 1949 | 1964 |
| HOA | $0 | $187 |
| Days on market | 39 | 56 |
Aug 1, 2026
$768,000
Initial Listing
Mar 2, 2004
$375,000
Public Record