Updated Four-Unit
New
For Sale
$2,150,000
65- 67 71 73 College Drive, Ventura, CA 93003
Ventura, CA
Property Size3,004 SF
Lot Size0.26 Acres
Price / SF$715.71
Days on Market3
Property Features for 65- 67 71 73 College Drive
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
7
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 7, Bathroom 2, Laundry Room, Bedroom 2, Bedroom 6, Bedroom 3, Bedroom 5, Bathroom 1, Bathroom 4, Bedroom 4, Bathroom 5, Bathroom 6, Bedroom 1, Bathroom 3, Kitchen
Parking
6
Parking features
Driveway, Garage
Window features
Blinds, Double Pane Windows
Interior features
Quartz Counters, High Ceilings, Ceiling Fan(s), Recessed Lighting
Exterior features
Rain Gutters, Lighting
Appliances
Microwave, Refrigerator, Gas Water Heater, Gas Range, Gas Oven
Lot features
Sprinklers None
Directions
101 Freeway to Main Street exit. Merge onto Mill Road, turn right on Telegraph Road, then right on College Drive. Property is on the right-hand side.
Standard status
Active
APN
0790020060
Size
3,004 SF
Lot size
0.26 Acres
Utilities
Sewer type
Public Sewer
Heating system
Central, Wall Furnace
Water source
Public
Amenities
shared patio
separate laundry rooms
storage shed
Building Details
Year built
1954
Floors in Building
1
Flooring type
Laminate, Carpet, Wood
Building materials
Stucco, Drywall Walls
Roof type
Composition
Architectural style
Other
Listing Agency:
eXp Realty
(805) 815-1327
Listed By:
Tammie Coulter · License #01877954
(888) 584-9427
Added: Sep 4
Changed: Sep 5
Last Checked: Sep 6 at 8:06AM
MLS# V1-38567
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This four-unit property at 65-73 College Drive combines an updated front duplex with two detached ADUs completed in 2022. The residences contain a total of 7 bedrooms and 6 bathrooms, including one 1-bedroom/1-bath unit, one 2-bedroom/1-bath unit, and two 2-bedroom/2-bath ADUs. The duplex includes an attached two-car garage and shared patio, while the ADUs provide vaulted ceilings, open layouts, walk-in closets, separate laundry rooms, and private outdoor areas.
The 3,004-square-foot property occupies a 0.26-acre lot, with a storage shed and mature Hass avocado, lemon, and orange trees. Improvements include updated electrical panels and meters in 2022, plumbing work, exterior paint, gutter upgrades, and underground drainage. Each residence has separate gas and electric meters, with shared water and sewer service.
The property is near Pacific View Mall, Target, restaurants, schools, Starbucks, shopping, the beach, hiking trails, the freeway, and Downtown Ventura.
The 3,004-square-foot property occupies a 0.26-acre lot, with a storage shed and mature Hass avocado, lemon, and orange trees. Improvements include updated electrical panels and meters in 2022, plumbing work, exterior paint, gutter upgrades, and underground drainage. Each residence has separate gas and electric meters, with shared water and sewer service.
The property is near Pacific View Mall, Target, restaurants, schools, Starbucks, shopping, the beach, hiking trails, the freeway, and Downtown Ventura.
Key Highlights
- Four residences with 7 bedrooms and 6 bathrooms
- Two detached ADUs completed in 2022
- 3,004 square feet on a 0.26‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$66,966
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.11%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,339,320
$1.3M
Cap Rate 7%
$956,657
$956.7K
Cap Rate 9%
$744,067
$744.1K
Market Conditions
NOI Build-Up for 3,004 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$100.9K $33.60/SF
− Vacancy
−$5.3K −$1.75/SF
EGI
$95.7K $31.85/SF
− OpEx
−$28.7K −$9.55/SF
NOI
$67.0K $22.29/SF
Area
Santa Clara County, CA
Vacancy
5.22%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,339,320
Cap Rate 7%
$956,657
Cap Rate 9%
$744,067
Alternative Uses
Best Use
Multifamily LT 5
$956.7K
$837.1K – $1.12M
NOI $66,966 @ 7.0% cap · market cap 3.11%
Second Best
Apartment 5plus
$815.7K
$713.8K – $951.7K
NOI $57,100 @ 7.0% cap · market cap 2.66%
Theoretical Best
Office A
$1.81M
$1.59M – $2.12M
NOI $126,949 @ 7.0% cap · market cap 5.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
535
Businesses Nearby
Explore this area
Business Placement
Demographics for 93003, CA
50,558
Population
20,734
Households
2.4
Avg Household Size
42
Median Age
41%
College-Educated
92%
High-School Grad
20.8 sq mi
ZIP Area
2,431
Density / Sq Mi
$100,300
Median Household Income
$50,185
Median Earnings
$2,173
Median Rent
$781,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Two detached ADUs completed in 2022 complement the front duplex.
Where is this quadplex located?
The property is located at 65- 67 71 73 College Drive Ventura, CA.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: Four residences with 7 bedrooms and 6 bathrooms; Two detached ADUs completed in 2022; 3,004 square feet on a 0.26‑acre lot
