153 S Laurel St 3 Unit Apartment Building $1,450,000 ($483,333/Unit) 6.82% Cap Rate Ventura, CA 93001

"Ocean Views With Capitalization Rate of 6.82% and A GRM of 12.8!" 2+1 rent of $3155 ; 1+1 rent $2040 ; 2+2 rent $4250 (vacant). Owner can carry 2nd loan of $100,000.
Rare Downtown Ventura property with ocean views by the beach!. Just steps from the beach, this exceptional Downtown Ventura property features two updated homes with stunning ocean views. The classic 1920s Craftsman duplex showcase of character boasts a significant part of the heritage and charm of coastal Ventura, with modern touches. The newer 2013 Mediterranean-style home offers sweeping ocean and mountain views from its master bedroom and its upper-level deck. All units offer granite countertops, new tile and wood flooring and tiled bathrooms throughout. With a versatile layout and value-add potential–including ADU conversion and short-term Airbnb rental possibilities–this property could offer up to four rentable units. Enjoy a lifestyle of walkable to the beach, pier, dining, theaters, hikes, and more. Surrounded by luxury developments, this is a prime opportunity in a thriving neighborhood. Highlights: Ocean views & walk-to-beach location Classic Ventura Craftsman duplex 2013 built Mediterranean home Flexible unit mix: (1) 1 bed/1 bath, (1) 2 bed/1 bath, (1) 2 bed/2 bath Courtyard-style layout with attached garage 7 additional off street parking spots on the property Tenants cover utilities & trash 1 Separate Water Meter, 2 Separate Gas Meters, 2 Separate Electric Meters Mills Act available for very low property taxes Development potential & ADU-ready garage Short-term rental potential as the house 2 doors down is successful Airbnb Option to purchase bordering property at 967-963 E Thompson Blvd Lot Size: 6000 square feet Cap rate is 6.5%. GRM is 12.8.