
Ventura, California 93001
This 1920s Spanish bungalow represents a High-Potential Investment Opportunity, listed at a List Price of $825,000—positioned well below the $781,012 Fair Market Value by -5%. While the property is priced slightly above market, it offers significant upside through its ADU conversion potential via the detached garage and alley access. With a Condition Rating of 3, the home features modern solar and tankless water heater upgrades. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a historic coastal property with long-term value-add flexibility.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 529 S Catalina Street Subject | $825,000* List Price | 2 | 1 | 720 | $1,085 | - |
A 75 N Santa Rosa Street Sold | $825,000 | 2 | 1 | 811 | $1,017 | 0.6 mi |
B 1973 Evans Avenue Sold | $860,000 | 2 | 1 | 932 | $923 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Despite being built in 1925, the property is exceptionally well-maintained and move-in ready. It features significant modern system upgrades including solar panels and a tankless water heater. The interior shows high pride of ownership with original oak floors in excellent condition and updated fixtures, though the bathroom remains functional but slightly dated in style.
Situated in the highly desirable Midtown Ventura area, this property is located approximately half a mile from the beach, offering residents easy access to coastal recreation and ocean breezes.
The detached garage with alley access presents a significant opportunity for an ADU conversion, guest house, or home office, providing potential for rental income or increased property value.
This 1920s Spanish bungalow preserves its original architectural character, such as oak floors and coved ceilings, while integrating modern efficiencies like solar panels and a tankless water heater.
At just 720 square feet with only one bathroom, the compact living space may be a constraint for buyers seeking more room or those with larger households.
Given the home's 1925 construction, buyers should anticipate the ongoing maintenance and potential updates required for vintage structural and mechanical systems inherent in historic properties.
Just in time for your place by the beach -- welcome to this charming 1920s Spanish bungalow in the heart of Midtown Ventura, approximately half a mile from the coast. Built during Ventura's early growth period, when Spanish Revival homes became highly sought after throughout Southern California for their romantic architecture inspired by the coastal missions and Mediterranean design, this 2-bedroom, 1-bath home captures the warmth, craftsmanship, and timeless appeal of Ventura's classic beachside neighborhoods. Original oak floors, arched doorways, coved ceilings, fireplace, and a red Spanish tile roof create an inviting blend of vintage charm and coastal California living.The home offers an enclosed backyard perfect for entertaining, gardening, or relaxing in the ocean breeze. A detached garage with alley access presents exceptional flexibility and future potential -- ideal for a possible ADU conversion, guest space, home office, workshop, or additional investment income opportunity. Modern upgrades including a tankless water heater and solar panels bring efficiency and convenience to this rare opportunity to own a piece of Ventura history near the beach -- all for under a million dollars.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.9 mi
Grades K-5 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 26% |
| Baths | 1.0 | 2.0 | 19% |
| Square foot | 720 | 1,474.5 | 3% |
| Lot Size | 4,791 | 5,553.5 | 39% |
| Price | $825.0K | $1.11M | 31% |
| Price per sq ft | $1.1K | $860 | 85% |
| Built year | 1925 | 1958 | 6% |
| HOA | $0 | $0 | 50% |
| Days on market | 11 | 137 | 5% |
May 26, 2026
$825,000
Initial Listing
May 21, 2010
$395,000
Public Record
May 5, 2003
$360,000
Public Record