Two-Story Mixed-Use
For Sale
Contact for pricing
1073 N VENTURA AVE, Ventura, CA 93001
Two buildings combine residential apartments with retail and office suites around a central parking area.
Property Size13,825 SF
Lot Size0.42 Acres
Price / SF$452.08
Days on Market19
Property Features for 1073 N VENTURA AVE
General Information
Standard status
Active
Size
13,825 SF
Net Rentable
12,319 SF
Total Parking Spaces
16
Lot size
0.42 Acres
Property subtype
Mixed Use
Site & Location
Road Access
Yes
Utilities to Site
Yes
Units
Unit Mix
4 x 2BR/1BA, 4 x 1BR/1BA, 2 x 3BR/2BA, 2 x 3BR/1.5BA
Multifamily Units
12
Amenities
concrete/asphalt paving
localized planters
roof-mounted HVAC systems
acoustical drop ceilings
Building Details
Year Built
2006
Buildings
2
Stories
2
Units
17
Construction
Mediterranean
Tenancy
Multi
Listing Agency:
Real Investments
(805) 985-1000
Listed By:
Michael H. Hernandez · License #01269596
Source:
Crexi
Added: Jul 24
Changed: Aug 9
Last Checked: Aug 10 at 6:26AM
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 Real Investments
Investment Insights
Based on property information with market context.
Built in 2006, this mixed-use property comprises two well-maintained, two-story buildings with 13,825 gross SF and 12,319 net SF on an approximately 18,295 SF lot. The unit mix includes 12 residential units and 5 commercial retail or office suites. Residential features include kitchens, living areas, bathrooms, and individual wall heaters. The commercial spaces have professional acoustical drop ceilings, while the residential offering includes four two-bedroom apartments, four one-bedroom apartments, and four two-level townhouses with three bedrooms each.
The primary building fronts N Ventura Ave, while the second is located at 32 W Flint St behind the central parking area. The property includes 16 dedicated parking spaces, drive approaches from Flint Street, roof-mounted HVAC systems, and 120/240-VAC three-phase and single-phase electrical service. Construction includes wood framing, reinforced-concrete spread footings, Mediterranean-style stucco, and Spanish tile and composite roll roofing.
The primary building fronts N Ventura Ave, while the second is located at 32 W Flint St behind the central parking area. The property includes 16 dedicated parking spaces, drive approaches from Flint Street, roof-mounted HVAC systems, and 120/240-VAC three-phase and single-phase electrical service. Construction includes wood framing, reinforced-concrete spread footings, Mediterranean-style stucco, and Spanish tile and composite roll roofing.
Key Highlights
- 12 residential units and 5 commercial retail/office units
- 13,825 gross SF and 12,319 net SF on an ~18,295 SF lot
- Two well‑maintained, 2‑story buildings built in 2006
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
$486,351
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
7.78%
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%
$9,727,020
$9.7M
Cap Rate 7%
$6,947,871
$6.9M
Cap Rate 9%
$5,403,900
$5.4M
Market Conditions
NOI Build-Up for 13,825 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
$774.8K $56.04/SF
− Vacancy
−$126.3K −$9.13/SF
EGI
$648.5K $46.91/SF
− OpEx
−$162.1K −$11.73/SF
NOI
$486.4K $35.18/SF
Area
Santa Clara County, CA
Vacancy
16.30%
Lease Rate
$56.04 /SF/Yr
Expense Ratio
25.00%
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%
$9,727,020
Cap Rate 7%
$6,947,871
Cap Rate 9%
$5,403,900
Alternative Uses
Best Use
Office B
$6.95M
$6.08M – $8.11M
NOI $486,351 @ 7.0% cap · market cap 7.78%
Second Best
Retail
$5.33M
$4.67M – $6.22M
NOI $373,434 @ 7.0% cap · market cap 5.97%
Theoretical Best
Office A
$8.35M
$7.30M – $9.74M
NOI $584,246 @ 7.0% cap · market cap 9.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
12
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
344
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 Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two buildings combine residential apartments with retail and office suites around a central parking area.
Where is this mixed-use property located?
The property is located at 1073 N VENTURA AVE Ventura, CA.
What is the asking price?
The asking price for this property is $6,250,000.
What are key features of this property?
This property features: 12 residential units and 5 commercial retail/office units; 13,825 gross SF and 12,319 net SF on an ~18,295 SF lot; Two well‑maintained, 2‑story buildings built in 2006
