$1,049,000
$1,049,000
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7,405 Sqft Lot
SOLD DATE : 05/22/2024
Key Details
Sold Price $1,049,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 24-1340
Sold Date 05/22/24
Year Built 1940
Lot Size 7,405 Sqft
Acres 0.17
Lot Dimensions 7405.2
Source Santa Barbara Multiple Listing Service
Property Description
**Offers due by noon on Thursday, May 2** Contractor special! Ventura value-add 3 unit w/ RTI plans for 2BD ADU and 2 units delivered vacant. 3 standalone 1-story cottages on 7,500 SF R3-5 zoned lot including an occupied 2BD/1BA main residence, a vacant 2BD/1BA unit in fixer condition, a vacant studio with permits for remodel and a 3-car garage that has plans in place for an ADU conversion that would open up a fourth stream of rental income. The parcel spans from Pacific Ave to Hurst Ave offering potential for lot split. The current price reflects the work and upside that can be achieved at this property. Combination of approved plans + 2 vacant units allow for an excellent value add opportunity in a highly sought after neighborhood that will see long term appreciation. Cash offers only
Location
State CA
County Ventura
Building
New Construction No
Others
Tax ID 073-0-213-060
Acceptable Financing Cash
Listing Terms Cash
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