
Ventura, California 93001
This Rare Coastal Triplex Investment enters the market at $1,499,000, positioned near its $1,402,430 Fair Market Value after a strategic price adjustment. A Condition Rating of 3 ensures move-in ready units featuring Stone Countertops, Separate Utilities, and a Large Deck. With Peek-A-Boo Ocean Views and a prime location steps from the Ventura Pier and Funk Zone, the 7,405 sqft lot offers additional upside through potential lot reconfiguration or expansion. This asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking a high-income coastal lifestyle.
Property is move-in ready.
Despite the 1900 build year, the property is in move-in ready condition and appears well-maintained for an investment triplex. Interior images reveal significant updates including modern shaker-style cabinetry, stone countertops, and stainless steel appliances in the kitchens. Flooring has been updated with a mix of hardwood/laminate and tile, and the bathrooms feature contemporary fixtures. The units appear clean and functional with no obvious signs of deferred maintenance, fitting the criteria for a well-maintained property with updated components.
Situated in the heart of Downtown Ventura, the property benefits from immediate proximity to the Pier, beach, and promenade, enhanced by recent city improvements to the pedestrian bridge.
The oversized lot and previous ADU plans provide a clear path for expansion and increased density, offering substantial long-term appreciation and income upside.
All units are equipped with separate gas and electric meters and individual washer/dryer hookups, shifting utility costs to tenants and simplifying property management.
The property was recently sold within the past year on 2025-04-30. The sold price is $1,700,000.00.
The estimated cap rate of 2.77% is relatively low for the current market, which may require a larger down payment or a long-term strategy to achieve desired returns.
With the original structure dating back to 1900, the property may carry higher maintenance requirements or necessitate significant capital improvements to systems and foundations.
Rare Coastal Investment with Ocean Views & Exceptional Opportunity -Steps to Beach, Pier and Funk ZoneMove-in ready, this property is located in Ventura's lively Front Street corridor, just steps from the pedestrian bridge to the beach, pier, and promenade. Surrounded by restaurants, a popular brewery, nightlife, and historic downtown nearby, it combines location, lifestyle, and long-term flexibility. An opportunity for a developer or investor to reimagine and explore possibilities at a highly visible intersection spanning nearly half a block between Front Street and Ash Street. Enjoy ocean views and a rare coastal setting with exceptional opportunity to enhance or reconfigure the property. Buyer to verify all development potential, including variances, use changes, or approvals. 809 E Front Street: Studio, office, or flexible room with large deck and outdoor space (formerly a stamp store) 274 Ash Street: Studio with Jr. bedroom/alcove 278 Ash Street: Two-bedroom unit 266 Ash Street: Vacant lot area with potential (buyer to verify) Separate utilities for each unit Delivered vacant and move-in ready Functional layouts with modern features Prominent corner presence with frontage on Front Street and Ash Street Potential for future lot configuration or reconfiguration (buyer to verify) Walk to restaurants, shopping, nightlife, and the vibrant Funk Zone Rare, highly sought-after coastal location with ocean views and lifestyle appealProperty sold as-is
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 2.5 | 38% |
| Baths | 0.0 | 2.5 | 38% |
| Square foot | 1,652 | 2,038.5 | 25% |
| Lot Size | 7,405 | 7,622.5 | 50% |
| Price | $1.50M | $1.04M | 75% |
| Price per sq ft | $907 | $470 | 88% |
| Built year | 1900 | 1929 | 13% |
| HOA | $0 | $0 | 50% |
| Days on market | 60 | 169 | 13% |
Mar 23, 2026
$1,499,000
$1,675,000
-11% Price Drop
Initial Listing
Mar 11, 2026
$1,675,000
$1,895,000
-12% Price Drop
Initial Listing
Feb 21, 2026
$1,895,000
Initial Listing
Apr 30, 2025
$1,700,000
Public Record
Jul 27, 2017
$850,000
Public Record
Sep 28, 2004
$1,500,000
Public Record
Apr 17, 2002
$485,000
Public Record