ACTIVE UNDER CONTRACT$875,000

657 Sheridan Way, Ventura, California 93001

0Bed

0Bath

1,872Sqft

7,840Lot

Year Built

1965

List price

$875K

Original List price

$937K

Price/Sqft

HOA

Days on market

Sold On

MLS number

V1-32220

Home ConditionFair

Features

Good View:

Patio

View

About this home

PRICE IMPROVEMENT! Two Stand-Alone Ventura Homes on One Lot -- Minutes from the Beach!Two Single-Family Homes | Prime Investment | Endless PotentialHere's your chance to own two separate 2-bedroom, 1-bath homes on one parcel -- each with its own private yard and three dedicated parking spaces (six total!). Just minutes from Ventura's beaches, pier, and lively downtown, this property offers immediate rental income with room to grow.The possibilities are wide open -- enhance value through cosmetic upgrades, explore ADU or expansion options, or reposition rents to maximize returns. With strong rental demand, excellent local demographics, and limited coastal inventory, opportunities like this are rare.Don't miss your chance to capture long-term appreciation and steady income in one of Ventura's most desirable neighborhoods!

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•1.0mi

6/10

Ventura High School

Public,•9-12•2.2mi

Price History

Date

Event

Price

10/15/25

Price Change

$875,000-6.6%

09/07/25

Listing

$937,000

Neighborhood Comparison

	Subject	Average Home	Neighbourhood Ranking (8 Listings)
Beds	0	0
Baths	0	0
Square foot	1,872	1,872	50%
Lot Size	7,840	5,662	89%
Price	$875K	$1.11M	22%
Price per square foot	$467	$626	33%
Built year	1965	1954	67%
HOA
Days on market	59	164	11%

Condition Rating

Fair

Built in 1965, this property shows significant signs of age and outdated aesthetics, particularly in the living room with its popcorn ceiling and dated patterned tile flooring, and the bathroom with its very old-fashioned wall tiles and basic fixtures. While the property appears functional and is described as offering 'immediate rental income,' the listing explicitly states that 'cosmetic upgrades' are needed. This aligns with the 'Fair' category, indicating that major components are functional but show signs of being outdated and require minor updates or repairs to meet current standards.

Pros & Cons

Pros

Dual Income Generating Property: Features two independent 2-bedroom, 1-bath single-family homes on one lot, offering immediate rental income and significant investment potential.

Exceptional Coastal Location: Situated just minutes from Ventura's desirable beaches, pier, and vibrant downtown, ensuring high tenant demand and strong long-term appreciation.

Robust Investment Opportunity: Positioned in a market with strong rental demand, excellent local demographics, and limited coastal inventory, promising steady income and capital growth.

Value-Add Potential: Offers clear opportunities for investors to enhance value through cosmetic upgrades, explore ADU or expansion options, and optimize rental income.

Individual Unit Amenities: Each home benefits from its own private yard and three dedicated parking spaces (six total), enhancing tenant appeal and privacy.

Cons

Age and Condition Requiring Investment: Built in 1965, the property likely requires significant cosmetic upgrades and potential system updates to maximize its value and appeal, as suggested by the description.

Sub-Optimal Current Rents: The opportunity to 'reposition rents to maximize returns' indicates that current rental income may be below market potential, requiring active management and potential vacancy periods for adjustment.

Mixed School Ratings: Several local elementary and middle schools have average to low ratings (e.g., 2-5), which could be a consideration for families with school-aged children and potentially impact long-term resale value.

About this home

Nearby schools

Price History

Pros

Cons

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657 Sheridan Way, Ventura, California 93001, Ventura, - bed, bath

About this home

Nearby schools

Price History

Pros

Cons

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI