Upgraded Fourplex with Covered
For Sale
$1,999,900
1235 1247 1235 1241 1247 Clavel Avenue, Ventura, CA 93004
Established tenants, furnished units, and updated interiors support continued residential operations.
Property Size3,339 SF
Days on Market17
Property Features for 1235 1247 1235 1241 1247 Clavel Avenue
General Information
Standard status
Active
Size
3,339 SF
Total Parking Spaces
12
Property subtype
Quadruplex
Additional Details
Furnished
Yes
Multifamily Units
4
Building Details
Building Size
3,339 SF
Year Built
1955
Buildings
1
Listing Agency:
eXp Realty of California Inc
Listed By:
Vicky Cummings · License #01367368
(805) 750-8900
Source:
Velocityrealtysd
Added: Aug 27
Changed: Sep 10
Last Checked: Sep 12 at 9:36AM
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 eXp Realty of California Inc
Investment Insights
Based on property information with market context.
This fourplex in Ventura was built in 1955 and includes 4 residential units with 6 income streams. The property has received extensive improvements, including fresh interior and exterior paint, newer roofing, newer air-conditioning systems, and recessed lighting in most units. Several residences feature quartz countertops, marble bathrooms, stainless-steel appliances, newer refrigerators, and washer/dryer sets. The property is mostly furnished and has an established tenant base.
Located at 1235–1241 Clavel Avenue, the property provides 12 on-site parking spaces, including covered parking. The combination of updated unit finishes, refreshed building systems, furnishings, and established occupancy supports an income-producing multifamily operation with reduced near-term improvement needs.
Located at 1235–1241 Clavel Avenue, the property provides 12 on-site parking spaces, including covered parking. The combination of updated unit finishes, refreshed building systems, furnishings, and established occupancy supports an income-producing multifamily operation with reduced near-term improvement needs.
Key Highlights
- 4 units with 6 income streams
- Extensive upgrades include newer roofing and air‑conditioning systems
- Most units feature quartz countertops, marble bathrooms, and stainless‑steel appliances
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
$74,434
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
3.72%
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%
$1,488,680
$1.5M
Cap Rate 7%
$1,063,343
$1.1M
Cap Rate 9%
$827,044
$827.0K
Market Conditions
NOI Build-Up for 3,339 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
$112.2K $33.60/SF
− Vacancy
−$5.9K −$1.75/SF
EGI
$106.3K $31.85/SF
− OpEx
−$31.9K −$9.55/SF
NOI
$74.4K $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%
$1,488,680
Cap Rate 7%
$1,063,343
Cap Rate 9%
$827,044
Alternative Uses
Best Use
Multifamily LT 5
$1.06M
$930.4K – $1.24M
NOI $74,434 @ 7.0% cap · market cap 3.72%
Second Best
Apartment 5plus
$906.7K
$793.4K – $1.06M
NOI $63,468 @ 7.0% cap · market cap 3.17%
Theoretical Best
Office A
$2.02M
$1.76M – $2.35M
NOI $141,106 @ 7.0% cap · market cap 7.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
170
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Established tenants, furnished units, and updated interiors support continued residential operations.
Where is this quadplex located?
The property is located at 1235 1247 1235 1241 1247 Clavel Avenue Ventura, CA.
What is the asking price?
The asking price for this property is $1,999,900.
What are key features of this property?
This property features: 4 units with 6 income streams; Extensive upgrades include newer roofing and air‑conditioning systems; Most units feature quartz countertops, marble bathrooms, and stainless‑steel appliances
