Three-Unit Craftsman
For Sale
$1,995,000
Pending
732 Poli Street, Ventura, CA 93001
Ventura, CA
Property Size2,749 SF
Lot Size0.09 Acres
Days on Market38
Property Features for 732 Poli Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
DR
Bedrooms
5
Bathrooms
4
Full bathrooms
2
Rooms
Bathroom 3, Laundry Room, Bathroom 4, Bedroom 4, Bedroom 2, Bathroom 2, Bedroom 3, Family Room, Bedroom 1, Bathroom 1, Bedroom 5
Parking
2
Parking features
Open, Garage
Window features
Double Pane Windows, Wood Frames, Blinds
Patio and Porch features
Porch, Patio
Interior features
Crown Molding, Partially Furnished, Wet Bar, Balcony, Furnished, High Ceilings, Open Floorplan
Fireplace
1
Appliances
Disposal, Microwave, Built-In Range, Refrigerator, Tankless Water Heater, Vented Exhaust Fan, Electric Range, Gas Range, Water Line to Refrigerator, Dishwasher
Lot features
Park Nearby, Sprinklers Drip System, Front Yard
View
City, Ocean, Hills
Elementary school district
Ventura Unified
Middle school district
Ventura Unified
High school district
Ventura Unified
Directions
Between Fir St and Ash St
Subdivision
VTU - Ventura
Standard status
Pending
APN
0730045160
Size
2,749 SF
Lot size
0.09 Acres
Utilities
Sewer type
Public Sewer
Heating system
Fireplace(s), Central, Forced Air, Natural Gas
Cooling system
Whole House Fan
Water source
Public
Amenities
private yard
inviting front porch
ocean and Channel Islands views
Building Details
Year built
1920
Floors in Building
2
Number of units
1
Flooring type
Vinyl
Building materials
Wood Siding
Roof type
Composition, Shingle
Architectural style
Craftsman
Listing Agency:
Mills Realty of California
(818) 763-4462
Listed By:
Simon Mills · License #01309436
(818) 642-2224
Added: Aug 1
Changed: Sep 6
Last Checked: Sep 7 at 4:06AM
MLS# SR26167094
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 2,749-square-foot triplex includes a preserved 3-bedroom Craftsman residence and two additional permitted units. Each unit has a separate entrance and address, while the main home features original woodwork, updated kitchen and bathroom areas, high ceilings, a wet bar, and a primary-bedroom balcony. A private yard with a producing avocado tree, front porch, and 2-car garage add useful outdoor and storage space. Ocean and Channel Islands views are available from the living and dining areas and the primary bedroom balcony.
The property occupies 0.09 acres at 732 Poli Street, one block from Ventura’s Historic Downtown and within walking distance of the beach, Main Street, restaurants, shops, farmers markets, festivals, and the Ventura Botanical Gardens. Built in 1920, the property is served by public water and public sewer and carries DR zoning.
The property occupies 0.09 acres at 732 Poli Street, one block from Ventura’s Historic Downtown and within walking distance of the beach, Main Street, restaurants, shops, farmers markets, festivals, and the Ventura Botanical Gardens. Built in 1920, the property is served by public water and public sewer and carries DR zoning.
Key Highlights
- 3 legal units, each with its own address and private entrance
- 2,749 square feet across the triplex
- 3‑bedroom Craftsman main residence with original woodwork and updated kitchen and bathroom areas
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
$61,281
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
3.07%
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%
$1,225,620
$1.2M
Cap Rate 7%
$875,443
$875.4K
Cap Rate 9%
$680,900
$680.9K
Market Conditions
NOI Build-Up for 2,749 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
$92.4K $33.60/SF
− Vacancy
−$4.8K −$1.75/SF
EGI
$87.5K $31.85/SF
− OpEx
−$26.3K −$9.55/SF
NOI
$61.3K $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%
$1,225,620
Cap Rate 7%
$875,443
Cap Rate 9%
$680,900
Alternative Uses
Best Use
Multifamily LT 5
$875.4K
$766.0K – $1.02M
NOI $61,281 @ 7.0% cap · market cap 3.07%
Second Best
Apartment 5plus
$746.5K
$653.2K – $870.9K
NOI $52,253 @ 7.0% cap · market cap 2.62%
Theoretical Best
Office A
$1.66M
$1.45M – $1.94M
NOI $116,173 @ 7.0% cap · market cap 5.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1
Businesses Nearby
Explore this area
Business Placement
Demographics for 93001, CA
33,859
Population
14,705
Households
2.3
Avg Household Size
40
Median Age
38%
College-Educated
88%
High-School Grad
96.6 sq mi
ZIP Area
351
Density / Sq Mi
$86,310
Median Household Income
$45,023
Median Earnings
$1,881
Median Rent
$760,700
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?
Triplex - Renovated legal units feature separate entrances, a private yard, and a two-car garage.
Where is this triplex located?
The property is located at 732 Poli Street Ventura, CA.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: 3 legal units, each with its own address and private entrance; 2,749 square feet across the triplex; 3‑bedroom Craftsman main residence with original woodwork and updated kitchen and bathroom areas
