367 W Harrison Avenue, Ventura, California 93001, Ventura, 93001 - bed, bath
ACTIVE UNDER CONTRACT$1,300,000
367 W Harrison Avenue, Ventura, California 93001
0Bed
0Bath
2,666Sqft
9,583Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Multi-Unit Investment Opportunity: This quadruplex offers four detached units, providing a robust investment opportunity with multiple income streams and diversification for a potential investor.
Top Cons:
Property Age & Potential Deferred Maintenance: Built in 1927, the property is nearly a century old, which may imply higher ongoing maintenance costs, potential for outdated systems (e.g., plumbing, electrical), and compliance issues in the non-remodeled units.
Compared to the nearby listings
Price:$1.30M vs avg $1.11M (+$185,000)80%
Size:2,666 sqft vs avg 1,829.5 sqft90%
Price/sqft:$488 vs avg $61630%
More Insights
Built in 1927 (98 years old).
Condition: This property, built in 1927, is nearly a century old. While two of the four units (Unit A and Unit C) have been recently remodeled within the last 1-2 years, as evidenced by the modern kitchen and bathroom shown in the images (white shaker cabinets, dark countertops, modern appliances, and diagonal tile flooring), the front house and Unit B are not explicitly stated as having been updated. This suggests inconsistent modernization across the property. The overall structure and major systems of a 1927 building are likely outdated and will require ongoing maintenance or future replacement, despite the recent cosmetic updates in some units. The property is aged but appears maintained, with some units updated, aligning with the 'Fair' condition criteria.
Year Built
1927
Close
-
List price
$1.3M
Original List price
$1.3M
Price/Sqft
$488
HOA
-
Days on market
-
Sold On
-
MLS number
V1-33192
Home ConditionFair
Features
View-
About this home
Investors opportunity to own 4 detached units, located in West Ventura. With a Mission style exterior. Front house offers 3 bedrooms, 1 bath, living room, kitchen, dining rm. and laundry room. Unit A offers 2 bedroom, 1 bath, living rm., kitchen and utility rm. Remodeled 1 year ago. Unit B is a 1 bedroom, 1 bath, living room and kitchen, plus utility rm. Unit C is also a 1 bedroom, 1 bath, with living rm, kitchen and utility room, remodeled two years ago. long driveway. Carport in the back for unit A, B, C parking. Located across the street from the Park and near the end of the road. Easy access to shopping, dining and Midtown Ventura.
Nearby schools
4/10
Sheridan Way Elementary School
Public,•K-5•0.1mi
2/10
Will Rogers Elementary School
Public,•K-5•2.6mi
5/10
De Anza Academy Of Technology And The Arts
Public,•6-8•1.2mi
6/10
Ventura High School
Public,•9-12•2.2mi
Condition Rating
Fair
This property, built in 1927, is nearly a century old. While two of the four units (Unit A and Unit C) have been recently remodeled within the last 1-2 years, as evidenced by the modern kitchen and bathroom shown in the images (white shaker cabinets, dark countertops, modern appliances, and diagonal tile flooring), the front house and Unit B are not explicitly stated as having been updated. This suggests inconsistent modernization across the property. The overall structure and major systems of a 1927 building are likely outdated and will require ongoing maintenance or future replacement, despite the recent cosmetic updates in some units. The property is aged but appears maintained, with some units updated, aligning with the 'Fair' condition criteria.
Pros & Cons
Pros
Multi-Unit Investment Opportunity: This quadruplex offers four detached units, providing a robust investment opportunity with multiple income streams and diversification for a potential investor.
Strategic Location & Amenities: The property boasts an excellent location across from a park, near the end of a road, and offers easy access to shopping, dining, and Midtown Ventura, enhancing tenant appeal and convenience.
Recent Unit Upgrades: Two of the four units (Unit A and Unit C) have been recently remodeled within the last one to two years, reducing immediate renovation needs and attracting quality tenants.
Ample Off-Street Parking: A long driveway and a dedicated carport for three units provide valuable off-street parking, a significant advantage for a multi-unit residential property.
Architectural Charm: The Mission-style exterior lends distinct curb appeal and historical character to the property, setting it apart and potentially attracting tenants who appreciate unique aesthetics.
Cons
Property Age & Potential Deferred Maintenance: Built in 1927, the property is nearly a century old, which may imply higher ongoing maintenance costs, potential for outdated systems (e.g., plumbing, electrical), and compliance issues in the non-remodeled units.
Inconsistent Unit Modernization: While two units have been recently updated, the front house and Unit B are not explicitly mentioned as remodeled, suggesting varying conditions and potential future renovation expenses for those units.
Lack of Scenic Views: The property description explicitly states 'view: None,' which could be a minor detractor for tenants or future buyers prioritizing scenic vistas.