Historic
For Sale
$1,600,000
916 Poli Street, Ventura, CA 93001
Triplex, Ventura, CA
Property Size2,480 SF
Lot Size0.10 Acres
Price / SF$645.16
Days on Market19
Property Features for 916 Poli Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bathroom 3, Bathroom 1, Bedroom 6, Bedroom 4, Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 5
Parking features
Assigned, Garage
Interior features
Brick Walls, Quartz Counters, Ceiling Fan(s), Storage, Crown Molding
Fencing
Brick
Appliances
Dishwasher, Gas Oven, Refrigerator
View
Hills, Ocean, Water
Elementary school district
Ventura Unified School District
Middle school district
Ventura Unified School District
High school district
Ventura Unified School District
Subdivision
VC24 - Ventura-Calif-Mills
Standard status
Active
APN
0730054020
Size
2,480 SF
Lot size
0.10 Acres
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Water source
Public
Amenities
indoor laundry
fireplace
deck
private patio
private garden
Building Details
Year built
1926
Flooring type
Wood, Laminate, Tile
Roof type
Flat, Tile, Shingle
Additional Structures
Storage
Listing Agency:
RE/MAX Gold Coast-Beach Office · RE/MAX International
(805) 216-4580
Listed By:
Billy Davidson · License #02154915
(805) 208-2871
Added: Aug 4
Changed: Aug 21
Last Checked: Aug 22 at 7:06AM
MLS# V1-38008
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.
Investment Insights
Based on property information with market context.
Built in 1926, this 2,480-square-foot triplex contains three separate residences, each with private outdoor space and indoor laundry. The front home includes oak flooring, a fireplace, custom plaster walls, reclaimed brick accents, tongue-and-groove ceilings, and a remodeled kitchen with shaker cabinetry, quartz counters, farmhouse sink, subway tile, pantry, and breakfast nook. Its updated bathroom features Italian porcelain tile, while the primary bedroom has a cedar-lined closet and custom Roman shades. A 2020 Trex deck adds outdoor space with peekaboo ocean views.
The lower residence is a two-bedroom, one-bath home with a private patio and garden. The upper two-bedroom, one-bath residence sits above three single-car garages and has its own private setting. The property includes public water and public sewer on a 0.1-acre lot. Downtown Ventura, the Ventura Pier, beaches, restaurants, coffee shops, boutique shopping, and the weekly farmers market are all identified as nearby amenities.
The lower residence is a two-bedroom, one-bath home with a private patio and garden. The upper two-bedroom, one-bath residence sits above three single-car garages and has its own private setting. The property includes public water and public sewer on a 0.1-acre lot. Downtown Ventura, the Ventura Pier, beaches, restaurants, coffee shops, boutique shopping, and the weekly farmers market are all identified as nearby amenities.
Key Highlights
- Three‑residence triplex with 2,480 square feet on a 0.1‑acre lot
- Built in 1926 with original oak flooring, fireplace, reclaimed brick, and tongue‑and‑groove ceilings
- Front residence features a remodeled kitchen, updated bathroom, and 2020 Trex deck
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
$55,285
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
3.46%
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%
$1,105,700
$1.1M
Cap Rate 7%
$789,786
$789.8K
Cap Rate 9%
$614,278
$614.3K
Market Conditions
NOI Build-Up for 2,480 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
$83.3K $33.60/SF
− Vacancy
−$4.3K −$1.75/SF
EGI
$79.0K $31.85/SF
− OpEx
−$23.7K −$9.55/SF
NOI
$55.3K $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%
$1,105,700
Cap Rate 7%
$789,786
Cap Rate 9%
$614,278
Alternative Uses
Best Use
Multifamily LT 5
$789.8K
$691.1K – $921.4K
NOI $55,285 @ 7.0% cap · market cap 3.46%
Second Best
Apartment 5plus
$673.4K
$589.3K – $785.7K
NOI $47,140 @ 7.0% cap · market cap 2.95%
Theoretical Best
Office A
$1.50M
$1.31M – $1.75M
NOI $104,805 @ 7.0% cap · market cap 6.55%
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
2,080
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 - Three residences provide private outdoor areas, indoor laundry, and distinct layouts for flexible occupancy.
Where is this triplex located?
The property is located at 916 Poli Street Ventura, CA.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Three‑residence triplex with 2,480 square feet on a 0.1‑acre lot; Built in 1926 with original oak flooring, fireplace, reclaimed brick, and tongue‑and‑groove ceilings; Front residence features a remodeled kitchen, updated bathroom, and 2020 Trex deck
