65-, 67, 71 ,73 College Drive, Ventura, CA 93003
65-, 67, 71 ,73 College Drive, Ventura, CA 93003,Video Tour
65-, 67, 71 ,73 College Drive, Ventura, CA 93003
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Mary Ellen Haywood

Mary Ellen Haywood

+1(619) 994-5515
$2,150,000
Est. payment /mo
7 Beds
6 Baths
0.26 Acres Lot
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Open House

Sun Nov 15, 12:00pm - 3:00pm

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID V1-38566

Bedrooms 7

Lot Size 0.260 Acres

Property Sub-Type Res Income 2-4 Units

Property 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 unde

Location

State CA

County Ventura

Zoning Public Rec

Direction 101 Freeway to Main Street exit. Merge onto Mill Road, turn right on Telegraph Road, then right on College Drive. Property is on

Interior

Fireplace No

Exterior

View Y/N No

Roof Type Composition

Building

Story 1

Level or Stories 1

Others

Senior Community No

Tax ID 0790020060

Acceptable Financing Cash, Conventional, Exchange, FHA, VA

Listing Terms Cash, Conventional, Exchange, FHA, VA

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MLS Router / San Diego MLS
Listed by Tammie Lee Coulter, DRE#01877954 eXp Realty 
Co-listed byJusten McCall • eXp Realty

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Mary Ellen Haywood

Mary Ellen Haywood

+1(619) 994-5515

Broker Associate CA DRE#01264878

Broker Associate CA DRE#01264878

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65-, 67, 71 ,73 College Drive