387 Nevada Avenue, Ventura, California 93004, Ventura, 93004 - 3 bed, 3 bath
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Ventura, California 93004
This Updated Single-Family Residence is a Prime Investment Opportunity, listed at $995,000—positioned well below the $1,046,194 Fair Market Value by 4%. This valuation gap provides $51,194 in Instant Equity for the buyer. Boasting a Good Condition Rating, the home features a Remodeled Granite Kitchen, Hickory Wood Flooring, and a Master Suite with a private Patio. Located across from a Park/Greenbelt in the Ventura Unified School District, it balances lifestyle luxury with financial upside. This is an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 387 Nevada Avenue Subject | $925,000* List Price | 3 | 3 | 2,300 | $402 | - |
A 133 Nevada Avenue Sold | $940,000 | 3 | 3 | 2,012 | $467 | 0.3 mi |
B 11401 Beechnut Street Sold | $910,000 | 3 | 3 | 2,075 | $439 | 1.0 mi |
C 375 Myrtle Sold | $965,000 | 4 | 4 | 2,763 | $349 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1977, this home has undergone significant and extensive renovations, particularly in the kitchen and master bathroom, which appear to be updated within the last 5-15 years. The kitchen features granite countertops and stainless steel appliances, while the master bath boasts dual vanities, granite, a glass-enclosed shower, and a separate soaking tub. Hardwood flooring and Andersen windows further enhance the interior. While the original structure is older and central air conditioning is absent, the property is move-in ready with well-maintained systems and modern updates to key areas, aligning with 'Good' condition criteria.
Features a fully remodeled kitchen with stainless steel appliances, granite counters, and a tankless water heater, alongside a luxurious master bathroom renovation with dual vanities, a glass shower, and a soaking tub, enhancing modern comfort and appeal.
Directly fronts a grassy greenbelt and quiet walking path, offering serene views and immediate access to outdoor recreation, contributing to a peaceful neighborhood ambiance.
Boasts an open-concept family room ideal for entertaining, complemented by a formal living room with tall ceilings, a flexible formal dining/office space, and a remodeled third bedroom with an additional office/sleeping area, catering to diverse lifestyle needs.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2300, other record living area = 2012.
The property description does not mention a cooling system, which could be a significant concern for comfort during Ventura's warmer periods, potentially requiring future installation.
Built in 1977, while updated, the underlying structure's age may raise questions about the condition of major systems (e.g., plumbing, electrical, roof) not explicitly stated as replaced, potentially implying future maintenance considerations.
Motivated Seller ~ Updated home located on the sunny East end of Ventura and is situated across the street from a grassy green belt and quiet walking path that winds along the barranca. Upon entering the home you will be greeted with tall ceilings in the formal living room and one of two wood burning fireplaces. Also the formal dining room/office space is located just off the formal living room and entry. The adjacent family room has an open floor plan and is a wonderful space for entertaining. Here the home has a second wood burning fireplace is framed by Oak built-in bookcases and is the focal point of the room. This family space also features an informal dining area, distressed Hickory wood flooring, granite buffet bar, Andersen windows and convenient access to the downstairs half bathroom. The family room opens nicely to the kitchen and provides backyard views with direct access to the outdoor space. The remodeled kitchen features granite counters. Bay window which provides plenty of natural light from the backyard. kitchen also includes stainless steel appliances including refrigerator, 5 burner gas cook top and stove, a built-in microwave, and a dishwasher all included! Tankless water heater. All three bedrooms and two full bathrooms are located on the second floor. The third bedroom was remodeled and includes a small room addition that can be used as a step down office or sleeping space and has significant additional storage space. The master bedroom retreat offers hardwood flooring, a sitting area or office space with a small closet and an additional, separate, walk-in closet. The master bathroom has been completely remodeled and provides dual vanity sinks with granite counter tops and custom cabinetry. The bathroom now features a glass enclosed shower, a separate soaking tub and a secluded toilet. Back downstairs, the Andersen sliding glass door takes you to the back yard which is an entertainers delight! For those who love to grow their own vegetables and herbs there are 4 large, raised garden beds awaiting your green thumb. Also, fruit trees around the property include: mandarin tangerine, pink lemon and a Myer s lemon tree. This housing tract has underground utilities, easy access to the 118 &126
No exterior & parking available.
Grades K-5 • 1.0 mi
Grades 6-8 • 2.7 mi
Grades 9-12 • 3.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,300 | 1,723 | 84% |
| Lot Size | 5,662 | 6,098 | 42% |
| Price | $925.0K | $905.0K | 58% |
| Price per sq ft | $402 | $530 | 10% |
| Built year | 1977 | 1984 | 43% |
| HOA | $0 | $0 | 50% |
| Days on market | 96 | 168 | 26% |
Apr 16, 2026
$925,000
$950,000
-3% Price Drop
Initial Listing
Apr 5, 2026
$950,000
$995,000
-5% Price Drop
Initial Listing
Jan 16, 2026
$995,000
Initial Listing
Apr 15, 2014
$625,000
Public Record