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$2,150,000

FOR SALE
Active

65

Ventura, CA

MLS# V1-38566

Quadruplex
63 days on marketNalren refreshed

Listing Agent

Tammie Coulter

Listing Agent

eXp Realty

DRE #: 01877954

(805) 815-1327

Brokerage: eXp Realty

Justen McCall

Co-Listing Agent

eXp Realty

DRE #: 02179222

Brokerage: eXp Realty

Property Details

N/A

Bedrooms

N/A

Bathrooms

N/A

Square Feet

1954

Year Built

0.26 acres

Lot Size

N/A

Price/Sq Ft

2

Garage Spaces

N/A

HOA

Quadruplex

Property Type

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.

Facts & Features

Interior

Fireplace
No
Laundry Features
Gas Dryer Hookup, In Garage, In-Unit Laundry, Washer Hookup
Appliances
Gas Oven, Gas Range, Gas Water Heater, Microwave, Refrigerator
Flooring
Carpet, Laminate, Wood
Interior Features
Attic, Ceiling Fans, High Ceilings, Quartz Counters, Recessed Lighting, Walk In Closets
Window Features
Blinds, Double Pane Windows

Exterior

Private Pool
No
Roof
Composition
Exterior Features
Lighting, Rain Gutters
Fencing
Wood
Lot Features
Sprinklers None

Building

Year Built
1954
Architectural Style
Traditional
Building Area Total
3,004
Levels
One
Stories Total
1

Utilities

Heating
Wall Furnace
Cooling
None
Utilities
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Sewer
Public Sewer
Water Source
Public

Parking

Garage Spaces
2
Parking Features
Door Single, Driveway, Garage, On Street
Parking Total
6

Community / HOA

Association Fee
$0

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