387 Nevada Avenue, Ventura, California 93004, Ventura, 93004 - 3 bed, 3 bath

387 Nevada Avenue, Ventura, California 93004 home-pic-0

387 Nevada Avenue

Ventura, California 93004

ACTIVE UNDER CONTRACT
CONDITION: GOOD
3Beds
3Baths
2,300Sq Ft
5,662Lot Size

Property Price

LIST PRICE$995,000
EST. MARKET VALUE
$1,032,264
3% BelowMARKET VALUE

SUMMARY

Analysis of 387 Nevada Avenue, Ventura, California 93004 reveals a Prime Investment Opportunity with a current list price of $995,000—significantly undercutting the $1,032,264 Fair Market Value by 3%. This valuation gap indicates a +$37,264 Instant Equity potential for buyers. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Ventura Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.

Estimated Market Value

$1,032,264 +$37,264 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Ventura.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
387 Nevada Avenue
Subject
$995,000*
List Price
332,300$449-
A
133 Nevada Avenue
Sold
$940,000332,012$4670.3 mi
B
373 Sacramento Drive
Sold
$1,050,000432,205$4760.0 mi
C
62 Los Altos Street
Sold
$1,175,000432,753$4270.4 mi
D
11401 Beechnut Street
Active Under Contract
$935,000
List Price
332,075$4511.0 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Good
TeardownExcellent

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.

PROSSTRENGTHS & OPPORTUNITIES

  • Extensively Updated Interiors

    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.

  • Prime Greenbelt Location

    Directly fronts a grassy greenbelt and quiet walking path, offering serene views and immediate access to outdoor recreation, contributing to a peaceful neighborhood ambiance.

  • Versatile & Open Living Spaces

    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.

CONSRISKS & DEFICIENCIES

  • MLS Listing Discrepancy

    Living area discrepancy between mls listing and other public or private record. mls listing living area = 2300, other record living area = 2012.

  • Absence of Central Air Conditioning

    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.

  • Original Construction Year

    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.

About 387 Nevada Avenue

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

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1977
Lot Size
5,662 Sq. Ft.

Interior

Total Bedrooms
3
Total Bathrooms
3 (3 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Ventura Unified Schools

Academy Of Technology & Leadership At Saticoy

Grades K-5 • 1.0 mi

5/10

Balboa Middle School

Grades 6-8 • 2.7 mi

6/10

Buena High School

Grades 9-12 • 3.0 mi

6/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds3.04.0
48%
Baths3.03.0
50%
Square foot2,3001,789.5
81%
Lot Size5,6626,098
38%
Price$995.0K$892.5K
76%
Price per sq ft$433$506
19%
Built year19771986
41%
HOA$0$0
50%
Days on market50173
5%

Pricing History

Listed for Sale

Jan 16, 2026

$995,000

Initial Listing

Sold

Apr 15, 2014

$625,000

Public Record

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