182 E Mcfarlane Drive, Ventura, California 93001, Ventura, - bed, bath

home-pic
ACTIVE$899,999
182 E Mcfarlane Drive, Ventura, California 93001
5Beds
3Baths
1,111Sqft
5,227Lot
Year Built
1928
Close
-
List price
$900K
Original List price
$900K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
SR25183003
Home ConditionFair
Features
Patio
ViewNeighborhood

About this home

Welcome to 182/184 E Macfarlane Drive — a charming Spanish-style duplex just blocks from the beach in one of Ventura’s most desirable neighborhoods. This unique property features two separate homes plus a bonus suite on one lot, and will be delivered vacant, offering ultimate flexibility for investors, multi-generational living, or owner-occupants looking to offset their mortgage with rental income. The front home features 3 spacious bedrooms and 1 bathrooms, showcasing classic Spanish architectural details such as arched doorways, textured stucco, and tile roofing. The rear unit offers 2 bedrooms and 1 bathroom, ideal as a guesthouse, rental unit, or home office. In addition, the property includes a bonus suite with a full bathroom and it's own private entrance—perfect for use as a studio rental, in-law quarters, or creative workspace. Enjoy the ocean breeze, walkability to the beach, parks, cafes, and Ventura’s vibrant downtown. With all units delivered vacant, this is a move-in ready or rent- ready opportunity in a sought-after beachside community.

Price History

Date
Event
Price
08/14/25
Listing
$899,999
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (8 Listings)
Beds55
50%
Baths34
44%
Square foot1,1111,755
11%
Lot Size5,2275,227
50%
Price$900K$1.11M
22%
Price per square foot$810$661
67%
Built year19281954
33%
HOA
Days on market83164
11%
Condition Rating
Fair

The property, built in 1928, is aged but appears well-maintained with evidence of regular upkeep and some cosmetic updates like laminate flooring and painted cabinets. However, the kitchen and bathrooms are functional but clearly outdated in style and features, requiring minor updates to meet current standards. Major systems, such as the visible wall heater, also appear older, aligning with a property that is aged but not in disrepair.
Pros & Cons

Pros

Exceptional Income Potential & Flexibility: A unique duplex with an additional bonus suite, delivered vacant, offering diverse income streams for investors or mortgage offset for owner-occupants.
Highly Desirable Beachside Location: Situated just blocks from the beach in a sought-after Ventura neighborhood, providing excellent walkability to amenities and ocean access.
Charming Spanish Architectural Style: Features classic and appealing Spanish architectural details, adding character and curb appeal.
Immediate Occupancy/Rental Readiness: The property will be delivered vacant, allowing for immediate move-in or tenant placement without the hassle of existing leases.
Versatile Multi-Generational Living: The distinct units (3-bed, 2-bed, bonus suite) are ideal for multi-generational families seeking independent living spaces on one lot.

Cons

Advanced Age of Construction: Built in 1928, the property is likely to require significant updates to plumbing, electrical, and other systems, potentially incurring substantial renovation costs.
Limited Interior Square Footage: The total listed square footage of 1111 sqft for 5 bedrooms and 3 bathrooms across three units suggests very compact living spaces, which may not suit all buyer needs or modern expectations.
Potential for Deferred Maintenance: As an older property, there's an inherent risk of deferred maintenance and the need for ongoing upkeep to preserve its historic charm and structural integrity.

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