3880 Loma Vista Road, Ventura, California 93003, Ventura, 93003 - 3 bed, 3 bath
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Ventura, California 93003
This Strategic Development & Turnkey Residence is listed at $1,499,000, representing a strategic premium relative to the $1,413,404 Fair Market Value. This valuation accounts for the property’s Excellent Condition Rating and a pending SB-9 lot split potential on an oversized 11,761 SF lot. The renovated 1929 Santa Barbara Bungalow features custom cabinetry, stone countertops, and a private patio, located near Loma Vista Elementary and Ventura High School. This high-upside acquisition is perfectly suited for Owner-Occupants or Strategic Developers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3880 Loma Vista Road Subject | $1,339,000* List Price | 3 | 3 | 1,152 | $1,095 | - |
A 386 Dorothy Avenue Sold | $1,507,500 | 3 | 2 | 1,531 | $985 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1929, the property has undergone a complete and extensive renovation within the last 5 years, meeting the criteria for excellent condition. The interior features a fully modernized kitchen with custom cabinetry, stone countertops, and stainless steel appliances, while the bathrooms have been entirely remodeled with contemporary tilework and high-end fixtures. The inclusion of new hardwood flooring, updated lighting, fresh paint, and a new HVAC system ensures the home is in like-new, turnkey condition with no deferred maintenance.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11761, living area = 1152.
The property features a pending SB-9 lot split application on an oversized 11,761 SF lot, providing a rare opportunity to create two parcels and build up to four units in a high-demand, supply-constrained neighborhood.
The 1929 Santa Barbara Bungalow has been meticulously updated with high-end finishes, including stone countertops, custom cabinetry, and new HVAC, offering a move-in ready experience while development plans are finalized.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
The list price of $1,695,000 for a 1,152-square-foot home represents a significant premium, placing heavy reliance on the buyer's ability to successfully execute the lot split and additional construction to realize value.
Despite the pending SB-9 application, the buyer must navigate final city approvals and the inherent complexities and costs of infill development to achieve the property's maximum density potential.
A rare and strategic infill opportunity in the heart of Midtown Ventura with an SB-9 lot split application already submitted and pending final city comments. This oversized parcel, paired with a fully renovated 1,152 SF authentic Santa Barbara Bungalow, offers flexibility that is nearly impossible to find in this highly supply-constrained neighborhood.The existing 3 bedroom, 3 bath main residence has been completely renovated with quality finishes throughout. The home features ac, flooring and thoughtfully selected finishes that blend classic bungalow charm with modern comfort. Inside, you'll find custom kitchen cabinetry, stone countertops, upgraded fixtures, and stainless steel appliances. The bathrooms have been fully remodeled with contemporary tilework and high end finishes. Beautiful hardwood flooring runs throughout the home, complemented by fresh interior and exterior paint, upgraded lighting, and detailed trim work that preserves the home's authentic Santa Barbara character while delivering a true turnkey experience.Because the existing residence is under 1,200 square feet, the next owner gains significant development leverage. Under SB-9, you can complete the lot split and create two separate parcels, with the ability to build up to two units per lot, potentially four total units with separate resale opportunities. Alternatively, the current bungalow can function as the ADU, allowing you to build a new custom primary residence plus a JADU. Even without completing the lot split, the property allows for both an ADU and a JADU configuration. The oversized lot makes these options not only possible, but practical.The property next door is the same lot as this one and they already have two very large units.Located just minutes from the beach, downtown Ventura, and Midtown's restaurants and shops, this property combines location, charm, and serious upside. The current owner is a seasoned builder and is open to assisting the next buyer with navigating final approvals and bringing a vision to life.Opportunities with this level of flexibility, forward momentum, and development potential in Midtown Ventura are rare.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades 6-8 • 2.1 mi
Grades 9-12 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 2.0 | 58% |
| Square foot | 1,152 | 1,706 | 11% |
| Lot Size | 11,761 | 6,969 | 83% |
| Price | $1.34M | $950.0K | 81% |
| Price per sq ft | $1.2K | $580 | 99% |
| Built year | 1929 | 1963 | 4% |
| HOA | $0 | $0 | 50% |
| Days on market | 50 | 181 | 11% |
Apr 16, 2026
$1,339,000
$1,369,000
-2% Price Drop
Initial Listing
Apr 5, 2026
$1,369,000
$1,499,000
-9% Price Drop
Initial Listing
Mar 13, 2026
$1,499,000
$1,695,000
-12% Price Drop
Initial Listing
Mar 3, 2026
$1,695,000
Initial Listing
Mar 14, 2017
$600,000
Public Record