467 W Simpson Street, Ventura, California 93001, Ventura, - bed, bath
ACTIVE$875,000
467 W Simpson Street, Ventura, California 93001
4Beds
4Baths
2,205Sqft
5,662Lot
Year Built
1983
Close
-
List price
$875K
Original List price
$899K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
V1-31861
Home ConditionPoor
Features
Patio
View-
About this home
Built in 1983 duplex features two identical units, each unit offers 2 bedrooms, 1.5 bathrooms, and a 2-car garage. Both bedrooms and a full bathroom are situated upstairs. Downstairs offers living room, dining area, kitchen and half bathroom. Gated front and back yards, shared laundry room adjacent to the garage, with separate utilities. Zoned R3-5, the lot presents potential for future ADU development.Nearby amenities to enjoy the Ojai/Ventura Bike Trail, downtown Ventura, the beach, fairgrounds, coffee shops, restaurants and a variety of retail options.
Nearby schools
4/10
Sheridan Way Elementary School
Public,•K-5•0.1mi
2/10
Will Rogers Elementary School
Public,•K-5•2.7mi
5/10
De Anza Academy Of Technology And The Arts
Public,•6-8•1.1mi
6/10
Ventura High School
Public,•9-12•2.3mi
Price History
Date
Event
Price
10/04/25
Price Change
$875,000-2.7%
08/18/25
Listing
$899,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (8 Listings) | |
|---|---|---|---|
| Beds | 4 | 4 | 50% |
| Baths | 4 | 4 | 50% |
| Square foot | 2,205 | 1,904 | 56% |
| Lot Size | 5,662 | 5,662 | 50% |
| Price | $875K | $1.11M | 22% |
| Price per square foot | $397 | $626 | 22% |
| Built year | 1983 | 1954 | 78% |
| HOA | |||
| Days on market | 79 | 164 | 11% |
Condition Rating
Poor
The property was built in 1983, making it 41 years old. There is no mention of any significant renovations, and crucially, no interior images of the kitchen or bathrooms are provided. This strongly suggests these key areas are original or very dated, requiring substantial rehabilitation to meet current quality and aesthetic standards. While the exterior appears maintained, the likely condition of the interior, particularly the kitchen and bathrooms, would necessitate major updates, aligning with the 'poor' condition criteria.
Pros & Cons
Pros
Strong Income Potential: As a duplex with two identical units and separate utilities, it offers immediate and stable rental income, appealing to investors or owner-occupants looking to offset mortgage costs.
Future Development Opportunity: The R3-5 zoning allows for the addition of an Accessory Dwelling Unit (ADU), providing significant value-add potential and increased future income streams.
Highly Desirable Location: Situated near downtown Ventura, the beach, Ojai/Ventura Bike Trail, fairgrounds, coffee shops, restaurants, and retail, enhancing tenant appeal and property value.
Individual Unit Amenities: Each unit features its own 2-car garage and private gated front and back yards, offering convenience, security, and desirable features for tenants.
Separate Utilities: Separate utilities for each unit simplify property management and ensure fair billing for tenants, a key advantage for a multi-unit property.
Cons
Shared Laundry Facility: The shared laundry room adjacent to the garage could be a point of inconvenience or conflict for tenants, potentially impacting tenant satisfaction.
Potential for Dated Interiors: Built in 1983, the property description does not mention any recent updates, suggesting interiors might be original and could require modernization to command top-tier rents.
Age of Property Systems: While well-maintained, a 1983 build means major systems (e.g., plumbing, electrical, roofing) could be original or nearing the end of their expected lifespan, potentially leading to future repair or replacement costs.