Two recently upgraded houses and attached garage. One building is set up as a duplex and is a classic craftsman style house with hardwood floors and built in cabinets and detailed moldings. The other house is is a newer mediterranean style house with ocean views from the second and 3rd floor deck. Many value added possibilities with this property! In the garage you can easily make an ADU to have a total of four rentable units. This area is becoming the IN location as you can walk to the beach &' pier and downtown breweries/restaurants/theaters.
Unique Craftsman style units built in the 1920’s in beautiful Downtown Ventura
1 Mediterranean unit built in 2008 walking distance to Ocean
Courtyard style units
Close distance to Ocean, Pier, Restaurants, Theaters, Ventura College, Oxnard College, and California State University Channel Islands
Value-add opportunities of: short term rentals, ADU’s, build many stories up apartment
Excellent Unit Mix (1)- 1bed/1bath, (1)- 2bed/2bath, (1)- 2bed/1bath
1 car Enclosed parking garage
Tenants pay all utilities and trash
Development potential
Can be sold together with property in back at 967-963 East Thompson Blvd.
Current Cap rate is 5.06%
Current GRM is 17.5
Property Details
Schools
Interior
Exterior
Financial
Get Out There, A Simply Outgoing Approach to Life. James Outland Jr. is one of those rare people who simply has an outgoing approach to life. No matter the activity… from dune buggy riding to skydiving to motorcycling to riding the local Pismo Beach waves… James Outland Jr. approaches life with a “just get out there and do it” kind of attitude. A zest for Life. James’ zest for life is obviously apparent in his many exciting hobbies. In his spare time, he loves riding dune buggies or hi…
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