Historic Victorian Buildings, Prime
128-144 South California Street Ventura, CA 93001
128-144 South California Street, Ventura, CA, 93001
$2,550,000
For Sale
$2,550,000
1,400 SF ( 128 S California - Dr. T.E. Cunnane Residence) and 1,350 SF (144 S California - Vernacular Victorian Cottage
Property Size2,750 SF
Lot Size0.06 Acres
Price / SF$927.27
AddedJan 10, 2025
Days on Market552
Last RefreshMar 16 at 9:06 am
Property Features for 128-144 South California Street
General Information
- Standard status
- Active
- Property type
- Residential offices, Other office properties, Other investment properties, Mixed-use properties, Office Spaces, Investment properties
- Size
- 2,750 SF
- Elevators
- N/A
- Lot size
- 0.06 Acres
- Investment Type
- Owner User
Building Details
- Year Built
- 1888
- Buildings
- 2
- Stories
- 2
Listing agent Jeffrey (805) 653-6794
Listing office (805) 653-6794
Listing date Jan 10, 2025
Investment Insights
Based on property information with market context.
Located in Downtown Ventura, California, at 128-144 South California Street, this investment property features two historic Victorian buildings. The property includes a 1,400 square foot Queen Anne Victorian building, known as the Dr. T.E. Cunnane Residence, constructed in 1888, and a 1,350 square foot Vernacular Victorian Cottage built in 1892. Together, the buildings offer a combined area of 2,750 square feet on a 0.0631-acre lot. The property is suitable for an office building investment or owner-user. Its location is within walking distance of Historic Downtown, City Hall, the beach, restaurants, hotels, and shops. The property is near the Ventura Pier and Promenade. On-site private parking is available. The property is situated on South California Street between Main Street and East Thompson Boulevard.
Key Highlights
- Two Historic Buildings
- Queen Anne Victorian - Dr. T.E. Cunnane Residence at 128 S. California Street
- Vernacular Victorian Cottage - 144 S. California Street
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $154.1k | $56.04 |
| − Vacancy | −$25.1k | −$9.13 |
| EGI | $129.0k | $46.91 |
| − OpEx | −$32.2k | −$11.73 |
| NOI | $96.7k | $35.18 |
2,750 SF · lease $56.04/SF/yr · vacancy 16.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.38M
$1.21M – $1.61M
NOI $96,743 @ 7.0% cap · market cap 3.79%
Second Best
Mixed Use
$677.7K
$593.0K – $790.6K
NOI $47,438 @ 7.0% cap · market cap 1.86%
Theoretical Best
Office A
$1.66M
$1.45M – $1.94M
NOI $116,215 @ 7.0% cap · market cap 4.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Residential offices
Similar For Sale Nearby
FAQs
What type of property is this?
Residential office - 1,400 SF ( 128 S California - Dr. T.E. Cunnane Residence) and 1,350 SF (144 S California - Vernacular Victorian Cottage
Where is this residential office located?
The property is located at 128-144 South California Street Ventura, CA.
What is the asking price?
The asking price for this property is $2,550,000.
What are key features of this property?
This property features: Two Historic Buildings; Queen Anne Victorian - Dr. T.E. Cunnane Residence at 128 S. California Street; Vernacular Victorian Cottage - 144 S. California Street
