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    153-157 South Laurel St Ventura, CA 93001

    View on Map
    Sponsored
    Pending
    $1,450,000

    Craftsman,Mediterranean, Triplex - Ventura, CA

    Type:Triplex
    Lot size:
    0.13 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 19 at 4:06 pm

    Property Features for 153-157 South Laurel St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Triplex
    Standard status
    Pending
    APN
    0730143270
    Parking features
    Driveway, Garage
    Interior features
    Open Floorplan, Balcony, Tile Counters, Pantry, Granite Counters, Copper Plumbing Partial, Ceiling Fan(s)
    Exterior features
    Fence
    Fencing
    Fenced
    Fireplace
    1
    Appliances
    Range, Refrigerator
    Lot size
    0.13 Acres

    Utilities

    Heating system
    Central, Fireplace(s), Floor Furnace, Wall Furnace
    Cooling system
    None (Cooling)

    Building Details

    Year built
    1920
    Flooring type
    Carpet, Tile, Wood
    Building materials
    Asphalt, Plaster, Stucco, Wood Siding
    Roof type
    Rolled/Hot Mop, Shingle
    Architectural style
    Craftsman

    We can help!

    Listing Contact
    Harold Powell

    RE/MAX Gold Coast (805) 339-3500

    Listing agent Harold Powell (805) 339-3500 License #00934438

    Listing date Mar 18, 2026

    MLS# V1-34748 Listing URL

    Copyright © 2026 California Regional MLS - Pasadena-Foothills and Ventura County Coastal. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Ventura Triplex with Ocean Views

    This downtown Ventura triplex offers convenient access to the beach and downtown area. The property includes a classic 1920s Craftsman duplex, showcasing the heritage and charm of coastal Ventura, enhanced with modern touches. Additionally, there is a newer Mediterranean-style home featuring 2 bedrooms and 2 bathrooms with an attached garage. This unit provides sweeping ocean and mountain views from its master bedroom and upper-level deck. All units are equipped with granite countertops, new tile and wood flooring, and tiled bathrooms. The property's layout offers value-add potential through ADU conversion. Located in a thriving neighborhood surrounded by luxury developments, this property presents a prime opportunity. The unit mix includes one 1-bedroom, 1-bathroom unit with a rent of $2040 (30 days after buyer releases contingencies), one 2-bedroom, 1-bathroom unit with a rent of $3155 (30 days after buyer releases contingencies), and one vacant 2-bedroom, 2-bathroom unit with a proforma rent of $4250. The property features 7 additional off-street parking spots. Tenants are responsible for utilities and trash. The property has 1 separate water meter, 2 separate gas meters, and 2 separate electric meters. There are potential property tax savings with the Mills Act.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Map

    City
    Ventura
    County
    Santa Clara
    State
    California
    Longitude
    -119.285882
    Latitude
    34.278869

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    FAQs

    What type of property is this?
    Triplex - Downtown Ventura triplex with ocean views and development potential.
    Where is this triplex located?
    The property is located at 153-157 South Laurel St Ventura, CA.
    What is the asking price?
    The asking price for this property is $1,450,000.
    What are key features of this property?
    This property features: - Sweeping ocean and mountain views from the newer 2 bed/2 bath unit with upper-level deck.; - High Capitalization Rate of 6.8% and GRM of 12.80, offering strong investment potential.; - Prime location in downtown Ventura with convenient access to the beach and surrounded by luxury developments.
    (805) 340-1032
    Request Owner's contact information
    153-157 South Laurel St Ventura, CA 93001
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    Ventura, CA 93001
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    153-157 South Laurel St Ventura, CA 93001
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    We can help!
    Listing Contact
    Harold Powell
    Real Estate License ID: 00934438
    (805) 340-1032 (805) 339-3500 (805) 339-3516
    Learn more
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