List Price: $1.34M

Listing Status: Active

Original List Price: $1.7M

Days on Market: 44

3 Bedrooms · 3 Bathrooms · 1,152 sq ft

Property Type: Residential

Year Built: 1929

Lot Size: 11,761 sq ft

Private Pool: Yes

MLS Number: V1-34964

About This Property

A rare and strategic infill opportunity in the heart of Midtown Ventura with an SB-9 lot split application already submitted and pending final city comments. This oversized parcel, paired with a fully renovated 1,152 SF authentic Santa Barbara Bungalow, offers flexibility that is nearly impossible to find in this highly supply-constrained neighborhood.The existing 3 bedroom, 3 bath main residence has been completely renovated with quality finishes throughout. The home features ac, flooring and thoughtfully selected finishes that blend classic bungalow charm with modern comfort. Inside, you'll find custom kitchen cabinetry, stone countertops, upgraded fixtures, and stainless steel appliances. The bathrooms have been fully remodeled with contemporary tilework and high end finishes. Beautiful hardwood flooring runs throughout the home, complemented by fresh interior and exterior paint, upgraded lighting, and detailed trim work that preserves the home's authentic Santa Barbara character while delivering a true turnkey experience.Because the existing residence is under 1,200 square feet, the next owner gains significant development leverage. Under SB-9, you can complete the lot split and create two separate parcels, with the ability to build up to two units per lot, potentially four total units with separate resale opportunities. Alternatively, the current bungalow can function as the ADU, allowing you to build a new custom primary residence plus a JADU. Even without completing the lot split, the property allows for both an ADU and a JADU configuration. The oversized lot makes these options not only possible, but practical.The property next door is the same lot as this one and they already have two very large units.Located just minutes from the beach, downtown Ventura, and Midtown's restaurants and shops, this property combines location, charm, and serious upside. The current owner is a seasoned builder and is open to assisting the next buyer with navigating final approvals and bringing a vision to life.Opportunities with this level of flexibility, forward momentum, and development potential in Midtown Ventura are rare.

Property Photos