2474 Fernwood Drive
Ventura, CA, 93001
$1,375,000
MLS: V1-34777
Beds
4
Baths
3
Sq Ft
2,035
Lot
0.23 ac
Year Built
1959
MLS #
V1-34777
Days on Market
43
Listed
Feb 20, 2026
Description
Discover this exceptional triplex situated on a large 10,018 sq. ft. lot with backyard views of the ocean. Nestled on a private desirable hillside cul-de-sac location offering peace and privacy. Enjoy the convenience of nearby shopping, diverse restaurants, VHS. Easy access to downtown and beaches make this an ideal location for homebuyers and tenants. This 2,035 sq ft. property features one 2+1 and two 1+1 units that have been nicely maintained and managed over the years. One unit has a dishwasher. Three car garage, that offers each unit its own single car garage. Plenty additional parking with possible potential of adding an additional separate unit, offering even more investment opportunities! Shared laundry room. New roof, fresh exterior paint, deck repair and termite work recently completed prior to listing. Most windows and HVAC forced air system in units were replaced. Each unit has separate gas and electric meters. Excellent opportunity for homebuyers looking to invest in a prime location with remarkable rental potential. Don't miss out on this chance to own a versatile income -generating property in Ventura Hillside! Great Opportunity!
Location
Ventura, Ventura County, CA 93001
Open on Google Maps ↗Listed by: Sandy Deiro · JZ REALTY
Payment estimate
$9,851
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $137,500 · Loan: $1,237,500
- Principal & Interest
- $7,603
- Property tax (1.25%)
- $1,432
- Homeowners insurance
- $300
- Mortgage insurance
- $516
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Apr 23, 2026
- 30-year fixed
- 6.23%
- 15-year fixed
- 5.58%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Ventura home with as little as 3.5% down using an FHA loan — roughly $48,125 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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