Remodeled Duplex with Covered RV
For Sale
$1,130,000
11393 Azahar, Ventura, CA 93004
Remodeled property includes private laundry, patio areas, and fully covered RV parking.
Property Size1,430 SF
Days on Market126
Property Features for 11393 Azahar
General Information
Standard status
Active
Size
1,430 SF
Property subtype
Investment
Amenities
jacuzzi
fruit trees
private patio spaces
coin-operated washer and dryer
RV parking
Building Details
Building Size
1,430 SF
Year Built
1980
Stories
1
Units
4
Listing Agency:
(818) 535-6288
Listed By:
PATRICIA MORALES · License #01954481
(818) 535-6288
Source:
Elliman
Added: Apr 28
Changed: Aug 30
Last Checked: Aug 30 at 1:11PM
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 PATRICIA MORALES
Investment Insights
Based on property information with market context.
Located at 11393 Azahar, this 1980-built duplex has been fully remodeled and includes multiple separately entered living areas. The front unit offers 3 bedrooms and 1 bathroom, plus an additional bedroom with a private bathroom and separate entrance. A second unit provides 2 bedrooms and 1 bathroom. The converted garage contains 2 bedrooms, 1 bathroom, and a kitchen, while an attached bonus space adds 1 bedroom, 1 bathroom, and another kitchen. Appliances remain in the described living areas, and the front unit includes private laundry.
The property also features coin-operated washer and dryer units at the rear, private patio spaces, a jacuzzi, fruit trees, and fully covered RV parking. It is situated in the Saticoy area of Ventura. WalkScore, bikeScore, and transitScore are 49, 38, and 25, respectively.
The property also features coin-operated washer and dryer units at the rear, private patio spaces, a jacuzzi, fruit trees, and fully covered RV parking. It is situated in the Saticoy area of Ventura. WalkScore, bikeScore, and transitScore are 49, 38, and 25, respectively.
Key Highlights
- Fully remodeled duplex in the Saticoy area of Ventura
- Front unit includes 3 bedrooms, 1 bathroom, and a separate‑entry bedroom with private bathroom
- Second unit offers 2 bedrooms and 1 bathroom
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
$31,878
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
2.82%
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%
$637,560
$637.6K
Cap Rate 7%
$455,400
$455.4K
Cap Rate 9%
$354,200
$354.2K
Market Conditions
NOI Build-Up for 1,430 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
$48.0K $33.60/SF
− Vacancy
−$2.5K −$1.75/SF
EGI
$45.5K $31.85/SF
− OpEx
−$13.7K −$9.55/SF
NOI
$31.9K $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%
$637,560
Cap Rate 7%
$455,400
Cap Rate 9%
$354,200
Alternative Uses
Best Use
Multifamily LT 5
$455.4K
$398.5K – $531.3K
NOI $31,878 @ 7.0% cap · market cap 2.82%
Second Best
Apartment 5plus
$388.3K
$339.8K – $453.0K
NOI $27,181 @ 7.0% cap · market cap 2.41%
Theoretical Best
Office A
$863.3K
$755.4K – $1.01M
NOI $60,432 @ 7.0% cap · market cap 5.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
170
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Remodeled property includes private laundry, patio areas, and fully covered RV parking.
Where is this duplex located?
The property is located at 11393 Azahar Ventura, CA.
What is the asking price?
The asking price for this property is $1,130,000.
What are key features of this property?
This property features: Fully remodeled duplex in the Saticoy area of Ventura; Front unit includes 3 bedrooms, 1 bathroom, and a separate‑entry bedroom with private bathroom; Second unit offers 2 bedrooms and 1 bathroom
