880 Lemon Grove Avenue

Ventura, CA 93003

This could be the most unique property in Midtown Ventura, CA and, possibly, one of the most unique in all of Ventura. It's perfect for an investor or for the individual(s) who can envision the development potential (see feasibility study). This home was sits on a front parcel that is about 7,508 sq ft. The home is a very open floor plan that generates light and airflow all day everyday. The original floor plan consisted of 3 bedrooms & 2 bathrooms, but the previous owners turned the 3rd bedroom into a laundry room and a 3rd bathroom. We removed the bathroom and left it as a mudroom / office, so it's more of a 2 bed 2 bath home. You could possibly turn it back to a 3rd bedroom. Everything has been updated. Look at the photos and watch the video tour to see some of details. Some updates include new roof/solar, repiped, flooring throughout the house (both laminate & hardwood), tiling, cabinets, countertops, appliances, some of the windows, and more. This 2nd parcel sits right behind the house. It was originally the parking lot for Cal Trans construction equipment when building the 101 freeway. Once completed, Cal Trans sold the parcel with the front parcel. The new buyer added the house on the front, but never built anything on the back parcel even though it was buildable. The backlot size affords the development either a single-family home or, possibly, 1-2 multi-unit buildings*. Per the architect, the lot can currently hold... 1) A two-story single-family home upwards of 3k square feet. 2) A 'regular' adu 3) A 'junior' adu Summary: 3 income-producing structures on this parcel. *Buyer to confirm all of this information and the feasibility study on their own. From what we understand, the multi-unit option is currently paused because multiple municipalities are suing the state over the legislation that would have allowed multi-units. So it was possible, but because in litigation it is paused. Could be possible to build a multi-unit in the future depending on the outcome of the litigation. The property description provided are for general information purposes only and are not intended to be a complete representation of the property. Buyers should rely on their own inspections and professional advice before making any decisions.

This is an Active listing.

Broker Office Phone Number: 888-400-2513

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