This rare Downtown Ventura property offers stunning ocean views and is located just steps from the beach! The property features two recently upgraded homes and an attached garage. One home is a classic Craftsman-style duplex, complete with vinyl hardwood floors, built-in cabinets, and intricate moldings. The second is a newer Mediterranean-style house, offering breathtaking ocean views from its second and third-floor decks. This property offers numerous value-added opportunities. The attached garage provides the potential to convert into an ADU, allowing for up to four rentable units. Located in a highly desirable area, you can easily walk to the beach, pier, and a variety of downtown attractions, including trendy restaurants, breweries, and theaters. Nearby, new apartment complexes and ocean-view condominiums, priced over $1 million, add to the area’s growing appeal. Highlights: •Ocean views & walk-to-beach location •Craftsman duplex + 2008 Mediterranean home •Flexible unit mix: (1) 1 bed/1 bath, (1) 2 bed/1 bath, (1) 2 bed/2 bath •Courtyard-style layout with attached garage •Tenants cover utilities & trash •Development potential & ADU-ready garage •Option to purchase neighboring property at 967-963 E Thompson Blvd Current Cap rate is 6.44% Current GRM is 13.5 Back tenants plan to leave, rents can be pushed up closer to $4,250 increasing the cap rate to 6.62% with a GRM of 13.19 at current price. Seller is willing to put new tenants in place, projected rents with new back tenant in place $9,445. 157 Laurel 1302 sqft 2 bed 2 bath 155 Laurel 493.25 sqft 1 bed 1 bath 153 Laurel 1118.5 sqft 2 bed 1 bath Don't miss this unique investment in one of Ventura's most desirable coastal communities!