Ventura Four-Unit
For Sale
$1,950,000
1033 E Santa Clara Street, Ventura, CA 93001
Renovated four-unit building near downtown Ventura and the beach.
Property Size2,898 SF
Lot Size0.19 Acres
Price / SF$672.88
Days on Market116
Property Features for 1033 E Santa Clara Street
General Information
Standard status
Active
Size
2,898 SF
Lot size
0.19 Acres
Property subtype
Apartment
Taxes and HOA fees
Annual Taxes
$15,667
Building Details
Building Size
2,898 SF
Year Built
1910
Listing Agency:
Pinnacle Estate Properties
(818) 223-9100
Listed By:
Phillip Sidenberg · License #00634479
Source:
Velocityrealtysd
Added: May 7
Changed: Aug 28
Last Checked: Aug 29 at 4:43PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Pinnacle Estate Properties
Investment Insights
Based on property information with market context.
This two-story, wood-frame four-unit building is located in downtown Ventura. Originally constructed in 1910 and extensively renovated in 2025, the Victorian-style property was designed by architect F. W. Whitton. The building spans approximately 2,898 square feet on an 8,400 square foot lot. It features a mix of one- and two-bedroom units, all of which were completely renovated in 2025. Amenities include a two-car garage, a two-car carport with additional off-street parking, on-site laundry, secured entry, and patio/yard space. The property is located approximately one mile from the beach and one block from Main Street, providing access to shopping and dining options. It has a Walk Score of 91 and a Bike Score of 77. The Metrolink station is approximately a 20-minute walk away. Nearby attractions include parks, the Ventura County Fairgrounds, the Ventura Pier, and hiking trails. The property offers potential for short-term rental income and the addition of accessory dwelling units, subject to local regulations. As a four-unit property, it may qualify for residential financing, including a 30-year fixed-rate loan.
Key Highlights
- Extensively renovated in 2025, blending modern updates with Victorian charm.
- Premier coastal location in downtown Ventura, just 1/2 mile from the beach and one block from Main Street.
- High Walk Score (91) and Bike Score (77), offering excellent walkability and bike‑friendliness.
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
$64,603
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
3.31%
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%
$1,292,060
$1.3M
Cap Rate 7%
$922,900
$922.9K
Cap Rate 9%
$717,811
$717.8K
Market Conditions
NOI Build-Up for 2,898 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
$97.4K $33.60/SF
− Vacancy
−$5.1K −$1.75/SF
EGI
$92.3K $31.85/SF
− OpEx
−$27.7K −$9.55/SF
NOI
$64.6K $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%
$1,292,060
Cap Rate 7%
$922,900
Cap Rate 9%
$717,811
Alternative Uses
Best Use
Multifamily LT 5
$922.9K
$807.5K – $1.08M
NOI $64,603 @ 7.0% cap · market cap 3.31%
Second Best
Apartment 5plus
$786.9K
$688.6K – $918.1K
NOI $55,085 @ 7.0% cap · market cap 2.82%
Theoretical Best
Office A
$1.75M
$1.53M – $2.04M
NOI $122,470 @ 7.0% cap · market cap 6.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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?
Quadplex - Renovated four-unit building near downtown Ventura and the beach.
Where is this quadplex located?
The property is located at 1033 E Santa Clara Street Ventura, CA.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Extensively renovated in 2025, blending modern updates with Victorian charm.; Premier coastal location in downtown Ventura, just 1/2 mile from the beach and one block from Main Street.; High Walk Score (91) and Bike Score (77), offering excellent walkability and bike‑friendliness.
