65
Ventura, CA, 93003
$2,150,000
MLS: V1-38567
Beds
7
Baths
6
Sq Ft
3,004
Lot
0.26 ac
Year Built
1954
MLS #
V1-38567
Days on Market
54
Listed
Sep 4, 2026
Description
Rare Four-Unit Income Opportunity on an 11,325 SF Lot in the Heart of Ventura!Discover an exceptional opportunity offering flexibility, income potential, and long-term value. Whether you're looking to live in one unit while offsetting your housing costs with rental income, expand your investment portfolio, or create a multigenerational living setup, 65-73 College Drive offers possibilities that are hard to find.The property offers a projected cap rate of approximately 6.3%, based on projected rents and currently identified operating expenses. It features an updated front duplex along with two detached ADUs completed in 2022, for a total of four separate residences offering 7 bedrooms and 6 bathrooms combined.The front duplex includes one 1-bedroom/1-bath unit and one 2-bedroom/1-bath unit, along with an attached two-car garage and a spacious shared patio area. Unit #65 features dual-pane windows, ceiling fans, an open kitchen with a tile backsplash and breakfast bar, plus an updated bathroom with tile flooring, recessed lighting, a tiled walk-in shower, and a newer water heater.The two detached ADUs, Units #71 and #73, were built in 2022 and each feature 2 bedrooms and 2 bathrooms. Both offer thoughtfully designed open floor plans with vaulted ceilings, recessed lighting, dual-pane windows, walk-in closets, bidets, separate laundry rooms, and outdoor areas enhanced by flagstone walkways and mature trees.The property has undergone substantial improvements, including updated electrical panels and meters in 2022, plumbing improvements, exterior paint, gutter upgrades, and underground drainage. Each residence has its own gas and electric meter, while water and sewer are shared. Additional features include a storage shed and mature Hass avocado, lemon, and orange trees.Conveniently located near Pacific View Mall, Target, restaurants, schools, Starbucks, shopping, and everyday amenities, this property puts you close to everything Ventura has to offer. Enjoy easy access to the beach, hiking trails, freeway, and Downtown Ventura, with dining and entertainment nearby. 65-73 College Drive is more than an investment property; it's an opportunity to create income, flexibility, and long-term value in one exceptional Ventura property. Four residences, newer construction, private outdoor spaces, and multiple ways to make this property work for you!All information is deemed reliable but not guaranteed. Buyer to independently verify all information.
Location
Ventura, Ventura County, CA 93003
Open on Google Maps ↗Listed by: Tammie Coulter · eXp Realty
Listing information is provided courtesy of the Greater Antelope Valley Association of Realtors (GAVAR) and California Regional MLS (CRMLS). Information is deemed reliable but not guaranteed accurate by the MLS or by Mike Watson. All data, including square footage, lot size, room count, permits, and school assignment, should be independently verified. Properties shown may be listed by brokerages other than Keller Williams Realty. Listings are subject to prior sale, change, or withdrawal without notice.
Payment estimate
$16,638
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $215,000 · Loan: $1,935,000
Average 30-yr fixed rate 7.32% as of Oct 22, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $13,292
- Property tax (1.25%)
- $2,240
- Homeowners insurance
- $300
- Mortgage insurance
- $806
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 Oct 22, 2026
- 30-year fixed
- 7.32%
- 15-year fixed
- 6.68%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
About the area · Mike Watson
About the Antelope Valley
The Antelope Valley spans Lancaster, Palmdale, Quartz Hill, Rosamond, Lake Los Angeles, California City, Edwards AFB, and the Plant 42 aerospace corridor. Mike Watson is a lifelong AV resident and the #1 producing individual Realtor in the region by transaction count. Every active listing on this site is paired with a free market analysis tailored to the specific street, honest financing guidance (FHA, VA, USDA, CalHFA, conventional, and assumable loans where the financing supports it), and side-by-side comparisons against the rest of the active inventory in your target ZIP.
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 $75,250 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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Local Market Stats
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