Description

42-46 E Thompson Boulevard, a boutique three-unit condominium asset in the heart of Ventura's vibrant coastal community. The property presents a rare opportunity to own condo-quality product in one of California's most sought-after and supply-constrained coastal markets. Critically, each of the three condominiums is held under a separate APN, affording investors exceptional flexibility and multiple exit strategies holding all three units for income, selling them off individually over time, or executing a phased disposition to maximize returns. Built in 2006, the property is not subject to any form of local rent control.The property comprises two spacious 2-bedroom / 2-bath units (1,141 and 1,418 square feet) and one generous 3-bedroom / 2-bath unit (1,651 square feet), situated on a 2,130 square foot lot. Each residence has been thoughtfully appointed with a private garage and dedicated private patio, and all units come equipped with in-unit washer/dryers, dishwashers, stoves, and additional appliances. Tenants are responsible for electricity and gas, while ownership covers water, trash, and gardening. The 2006-vintage construction, paired with private outdoor space and garage parking for every unit, positions the asset as a premium offering relative to the area's older competing inventory.The Ventura coastal market is defined by exceptionally high barriers to entry limited developable land, stringent coastal development regulations, and constrained new supply which together protect long-term asset values and sustain durable rental demand. Strategically positioned along the 101 Freeway corridor, the property places residents within convenient reach of major employment hubs, including the commercial centers of Oxnard and Camarillo to the south, the Conejo Valley's tech and biotech corridor anchored by Thousand Oaks, and the Greater Los Angeles market approximately 60 miles to the southeast.