65 , 67, 71 ,73 College Drive,Ventura, CA 93003
Ventura, CA 93003
Description
Rare Four-Unit Income Opportunity on an 11,325 SF Lot in the Heart of Ventura!Discover an exceptional opportunity offering flexibility, income potential, and long-term value. Whether you're looking to live in one unit while offsetting your housing costs with rental income, expand your investment portfolio, or create a multigenerational living setup, 65-73 College Drive offers possibilities that are hard to find.The property offers a projected cap rate of approximately 6.3%, based on projected rents and currently identified operating expenses. It features an updated front duplex along with two detached ADUs completed in 2022, for a total of four separate residences offering 7 bedrooms and 6 bathrooms combined.The front duplex includes one 1-bedroom/1-bath unit and one 2-bedroom/1-bath unit, along with an attached two-car garage and a spacious shared patio area. Unit #65 features dual-pane windows, ceiling fans, an open kitchen with a tile backsplash and breakfast bar, plus an updated bathroom with tile flooring, recessed lighting, a tiled walk-in shower, and a newer water heater.The two detached ADUs, Units #71 and #73, were built in 2022 and each feature 2 bedrooms and 2 bathrooms. Both offer thoughtfully designed open floor plans with vaulted ceilings, recessed lighting, dual-pane windows, walk-in closets, bidets, separate laundry rooms, and outdoor areas enhanced by flagstone walkways and mature trees.The property has undergone substantial improvements, including updated electrical panels and meters in 2022, plumbing improvements, exterior paint, gutter upgrades, and underground drainage. Each residence has its own gas and electric meter, while water and sewer are shared. Additional features include a storage shed and mature Hass avocado, lemon, and orange trees.Conveniently located near Pacific View Mall, Target, restaurants, schools, Starbucks, shopping, and everyday amenities, this property puts you close to everything Ventura has to offer. Enjoy easy access to the beach, hiking trails, freeway, and Downtown Ventura, with dining and entertainment nearby. 65-73 College Drive is more than an investment property; it's an opportunity to create income, flexibility, and long-term value in one exceptional Ventura property. Four residences, newer construction, private outdoor spaces, and multiple ways to make this property work for you!All information is deemed reliable but not guaranteed. Buyer to independently verify all information.
Details
| MLS # | V1-38566 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1954 |
| Days On Site | 53 |
| Listing Provided By | eXp Realty | Tammie Coulter |
Features
| SQ Feet | 3,004 |
|---|---|
| Garage | 2 |
| Story(s) | 1 |
| Building(s) | 3 |
| Acreage | 0.26 |
| Property View | Yes |
Interior
| Cooling | None |
|---|---|
| Heating | Wall Furnace |
| Heating Yes / No | Yes |
| Cooling Yes / No | No |
| Interior Features | Ceiling Fans, High Ceilings, Quartz Counters, Recessed Lighting, Attic, Walk In Closets |
| Window Features | Blinds, Double Pane Windows |
| Appliances | Gas Oven, Gas Range, Gas Water Heater, Microwave, Refrigerator |
| Fireplace Yes / No | No |
Exterior
| Exterior Features | Lighting, Rain Gutters |
|---|---|
| Roof | Composition |
| Security Features | Carbon Monoxide Detectors, Smoke Detectors |
| Construction Materials | Drywall, Stucco, Vinyl Siding |
| Foundation Details | Raised |
| Lot Features | Sprinklers None |
| Fencing | Wood |
Parking
| Parking Features | Door Single, Driveway, Garage, On Street |
|---|---|
| Garage Yes / No | Yes |
Utilities
| Utilities | Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
|---|---|
| Sewer | Public Sewer |
Location
| Community Features | Curbs, Street Lights |
|---|
Area Information
| State | CA |
|---|---|
| County | Ventura |
| City | Ventura |
| Zip Code | 93003 |
| Community Name | Ventura: Other |
| Listing VS Median (in Ventura: Other) | |
Price: $2,150,000 low | high Med: $5,848 sqft: 3,004 low | high Med: 2,431 $ / sqft: $716 low | high Med: $2 On site: 53 low | high Med: 23 | |
Market Activity 93003
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Learn More About This Property
| State | CA |
|---|---|
| County | Ventura |
| City | Ventura |
| Zip Code | 93003 |
| Community Name | Ventura: Other |
| Listing VS Median (in Ventura: Other) | |
Price: $2,150,000 low | high Med: $5,848 sqft: 3,004 low | high Med: 2,431 $ / sqft: $716 low | high Med: $2 On site: 53 low | high Med: 23 | |
