3880 Loma Vista Road
Ventura, CA, 93003
$1,339,000
MLS: V1-34964
Beds
3
Baths
3
Sq Ft
1,152
Lot
0.27 ac
Year Built
1929
MLS #
V1-34964
Days on Market
44
Listed
Mar 3, 2026
Description
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.
Location
Ventura, Ventura County, CA 93003
Open on Google Maps ↗Listed by: Jose Luiz Morales · eXp Realty of California Inc
Payment estimate
$9,601
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $133,900 · Loan: $1,205,100
- Principal & Interest
- $7,404
- Property tax (1.25%)
- $1,395
- Homeowners insurance
- $300
- Mortgage insurance
- $502
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 $46,865 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.
Local Market Stats
See Ventura, CA 93003 market trends →
Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
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