Building Details

Year built 1950

Floors in Building 1

Listing Agency: Weichert RealtorsSuperiorHomes s***@superiorrealtygroup.com Show Phone

Listed By: Raquel Guzman Show Phone

Added: Jul 25 Changed: Sep 13 Last Checked: Oct 17 at 7:06PM

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MLS# V1-37815

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.

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Investment Insights

Based on property information with market context.

This Ventura quadruplex was built in 1950 and includes four residential units with differing layouts. The front unit is identified as a two-bedroom, one-bath residence, while the rear units are described as one-bedroom, one-bath layouts. The property size is listed at 600 square feet on a 0.14-acre lot.

Located on Nopalito Street in Ventura, the property is positioned within the 93004 ZIP code. The units are described as available for rent, supporting continued residential income use.

Key Highlights

• Quadruplex with four residential units
• Front unit includes 2 bedrooms and 1 bathroom
• Rear units include 1 bedroom and 1 bathroom layouts

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$9,484

Suggested Prices Based on Cap Rates

Cap Rate 5%

$189,680 $189.7K

Cap Rate 7%

$135,486 $135.5K

Cap Rate 9%

$105,378 $105.4K

What to ask about pricing

Market Conditions

NOI Build-Up for 600 SF

Gross rent

$18.0K $30.00/SF

− Vacancy

−$756 −$1.26/SF

EGI

$17.2K $28.74/SF

− OpEx

−$7.8K −$12.93/SF

NOI

$9.5K $15.81/SF

Area

Ventura County, CA

Vacancy

4.20%

Lease Rate

$30.00 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$189,680

Cap Rate 7%

$135,486

Cap Rate 9%

$105,378

Alternative Uses

Best Use

Multifamily LT 5

$146.9K

$128.5K – $171.4K (±1% cap)

NOI $10,283 @ 7.0% cap · market cap 447.09%

Second Best

Apartment 5plus

$135.5K

$118.6K – $158.1K (±1% cap)

NOI $9,484 @ 7.0% cap · market cap 412.35%

Theoretical Best

Office A

$206.0K

$180.2K – $240.3K (±1% cap)

NOI $14,418 @ 7.0% cap · market cap 626.87%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Restaurant Law Firm Building Supply Big Box & Wholesale Store Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4

Residential units

Location Intelligence

Trade Area within ½ mile

308

Businesses Nearby

Explore this area Business Placement

Demographics for 93004, CA

31,942

Population

11,661

Households

2.7

Avg Household Size

42

Median Age

41%

College-Educated

92%

High-School Grad

7.0 sq mi

ZIP Area

4,563

Density / Sq Mi

$113,960

Median Household Income

$55,094

Median Earnings

$2,380

Median Rent

$750,700

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

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Frequently Asked Questions

What type of property is this?

Quadplex - Four-unit residential income property with varied unit layouts in Ventura.

Where is this quadplex located?

The property is located at 10557f Nopalito Street Ventura, CA.

What are key features of this property?

This property features: Quadruplex with four residential units; Front unit includes 2 bedrooms and 1 bathroom; Rear units include 1 bedroom and 1 bathroom layouts