$1,295,000
For Sale

880 Lemon Grove Avenue

Ventura, CA 93003
1692 sqft | 2 beds | 2 baths | 0.17 acres | #TR24166425
Listing OfficeHomecoin.com
Browse 98 photos
Type:Purchase
Structure:House
Zone:Residential

Description

2 Parcels / APNs for, essentially, the price of one: This could be the most unique property in Midtown Ventura, CA and possibly all of Ventura. It's perfect for an investor/developer/individual capable of realizing its development potential (see feasibility study). Rent out or live in the house while developing the potential of the rear 2nd parcel. Parcel 1: The first parcel (~7,508 sq ft) features a beautifully renovated single-story bungalow home and a detached garage. The home has an open floor plan filled with natural light and cross breezes throughout the day. The house has been extensively renovated throughout. Updates include new roof/solar, updated plumbing, new premium laminate and hardwood flooring throughout, earth-toned clay-fired tiling, white soft-close cabinets, countertops, stainless steel appliances, many of the windows and more. Parcel 2: The second parcel (~15,600 sq ft) is an unimproved, buildable lot situated directly behind Parcel 1. Based upon an architectural feasibility study, the lot can currently accommodate three income producing structures as follows: A two-story single-family home (~3,000 sq ft), A 'regular' accessory dwelling unit (“ADU”), and A 'junior' ADU More information can be found in the feasibility study diagrams & Virtual Tour (or “more”) link. * The home was originally designed/permitted as a 3 bedroom/ 2 bathroom and functionally remains as one. To maximize the space and flow of the house, access to the 2nd bathroom was altered from the common area hallway and is now directly accessible through the “3rd bedroom”/ mudroom/ office. The property description provided are for general information purposes only and are not intended to be a complete representation of the property.

  • Property Details
      • InteriorWetBar, BreakfastBar, SeparateFormalDiningRoom, OpenFloorplan, Pantry, Storage, Unfurnished, WalkInClosets
      • Property SubtypeSingleFamilyResidence
      • School DistrictVentura Unified
      • Sewer InformationPublicSewer
      • Original List Price$1,595,000
      • MLS #TR24166425
      • MLS #TR24166425
      • Property TypePurchase
      • CountyVentura
      • Cost1295000
      • Utility SourcePublic
      • Lot DescriptionLevel
      • Structure TypeHouse
      • Acres0.17
      • Square Feet1692
      • Year Built1949
      • Bedrooms2
      • Bathrooms2
      • Full Baths2
      • Stories1
      • Parking Spaces2

Location

Cristina Arneson-CabreraReal Estate Group
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
$9,876.92
Loan Amount
$1,165,500.00