335 W Simpson Street, Ventura, CA 93001

$1,170,000

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List Price
$1,170,000
Status
ACTIVE
MLS#
V1-37421
Year Built
1962
Lot Size
5,373
Acres
0.12
Lot Location
Sprinklers None
Days on Market
21
Property Type
Multifamily
Stories
Two Levels
Neighborhood
Ventura: Other

Property Description

335 W Simpson St is a rare opportunity to acquire a well-located triplex offering a dependable stream of rental income in one of Ventura's downtown corridors poised for continued rental growth and long-term appreciation. The property spans two parcels totaling 5,373 SF and features a spacious front yard providing ample onsite parking, coin operated laundry for tenants, along with a one-car garage currently used for storage. The site is comprised of a desirable unit mix including (1) 4BD/1BA, (1) 2BD/1BA, and (1) spacious studio unit with a private yard. Recent improvements to the site include a new roof completed in 2024, along with fresh exterior paint, new water heater and a newly constructed staircase to the second floor in 2025.The surrounding neighborhood has become a standout for some of the area's best local businesses, including Singing Sun Coffee and Municipal Winemakers, while being just one 1 mile from the restaurants and bars along Main Street and approximately 1.75 miles from Ventura's iconic Surfers Point. This is an attractive opportunity to own an income property near downtown Ventura known for strong and consistent rental demand.

Additional Information

Appliances
Electric Range, Gas Range, Refrigerator
Pool Description
None
Heat
Wall Furnace
Cooling Description
None
View
None
Exterior Construction
Concrete
Roof
Shingle
Garage Spaces Total
1
Sewer
Public Sewer
Water
Public
Attached Structure
Detached
Number Of Units Total
3
Gross Scheduled Income
$85,296
Operating Expense
35491

Listing courtesy of Listing Agent: Jason Liehr (jason@beachsidepartners.com) from Listing Office: Beachside Partners.

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.