967 E Thompson Boulevard, Ventura, CA 93001

Rare Downtown Ventura property with commercial mixed use zoning by the beach!

Two separate houses and detached double garages. One house is a classic craftsman style house with hardwood floors and built in cabinets and detailed moldings. The other house is set up as a duplex. Many value added possibilities with this property! Also in each garage you can make an ADU to have a total of four rentable units. Rent the front building to a commercial business. This area is the IN location as you can walk to the beach & pier and downtown breweries/restaurants/theaters with new apartments and ocean view condominiums of over 1 million+ dollars close by.

• Unique Craftsman style unit built in the 1920’s in beautiful Downtown Ventura of a 1 bedroom plus a 1 meditation room + 1 bathroom.

• Modern unit built in 1950’s walking distance to Ocean & Pier of a Frontage house = 3 bedrooms + 1.5 bathrooms plus a 1 studio + 1 bathroom

• Courtyard style units with new windows and doors.

• Close distance to Ocean, Pier, Restaurants, Theaters, Ventura College, Oxnard College, and California State University Channel Islands

• Value-add opportunities of: short term rentals, build 4 stories up apartment, commercial (restaurant, market, etc.) zoned

• Excellent Unit Mix (1) storage garage + parking spot, (1)- Studio, (1) – 2bed/1bath, (1)- 3bed/2bath

• 2 car’s Enclosed parking garages

• Tenants pay all utilities and trash

• Development potential as on Thompson Boulevard frontage with commercial zoning

• Can be sold together with property in back at 153, 155, 157 South Laurel Street

• Current Cap Rate is 7 %

• GRM is 12.44

• PRICED TO SELL !