Downtown Victorian Office
128 S California St Ventura, CA 93001
For Sale
$2,495,000
Two historic Victorian houses totaling 2,750 SF offer fully leased office space with on-site private parking.
Property Size2,750 SF
Price / SF$907.27
Days on Market37
Property Features for 128 S California St
General Information
- Standard status
- Active
- Size
- 2,750 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1950
Listing Agency:
The Becker Group
(805) 653-6794
Listed By:
Jeff Becker
(805) 653-6794
Source:
Elliman
Added: Jun 17
Changed: Jul 23
Last Checked: Jul 23 at 8:17AM
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 The Becker Group
Investment Insights
Based on property information with market context.
This offering features two historic Victorian buildings suitable for an office or office investment. The property includes the Dr. T.E. Cunnane Residence at 128 S California Street and a Vernacular Victorian Cottage at 144 S California Street, built in 1888 and 1892. Each building is presented as a dedicated office structure, and the property includes on-site private parking.
Located on South California Street between Main Street and East Thompson Boulevard in downtown Ventura, the buildings are within walking distance of Historic Downtown, City Hall, the beach, restaurants, hotels, and shops. The remarks also indicate nearby access to Ventura Pier and Promenade dining and leisure options.
Currently described as a fully leased investment or potential owner-user opportunity, the configuration provides two separate historic office buildings on one downtown site.
Located on South California Street between Main Street and East Thompson Boulevard in downtown Ventura, the buildings are within walking distance of Historic Downtown, City Hall, the beach, restaurants, hotels, and shops. The remarks also indicate nearby access to Ventura Pier and Promenade dining and leisure options.
Currently described as a fully leased investment or potential owner-user opportunity, the configuration provides two separate historic office buildings on one downtown site.
Key Highlights
- Two historic Victorian houses in Downtown Ventura: 128 S California St and 144 S California St
- Total of 2,750 SF: 1,400 SF residence at 128 S California Dr. T.E. Cunnane (1888) and 1,350 SF cottage at 144 S California (1892)
- Fully leased office space with on‑site private parking
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 3.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.66M
$1.45M – $1.94M
NOI $116,215 @ 7.0% cap · market cap 4.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
FAQs
What type of property is this?
Office building - Two historic Victorian houses totaling 2,750 SF offer fully leased office space with on-site private parking.
Where is this office building located?
The property is located at 128 S California St Ventura, CA.
What is the asking price?
The asking price for this property is $2,495,000.
What are key features of this property?
This property features: Two historic Victorian houses in Downtown Ventura: 128 S California St and 144 S California St; Total of 2,750 SF: 1,400 SF residence at 128 S California Dr. T.E. Cunnane (1888) and 1,350 SF cottage at 144 S California (1892); Fully leased office space with on‑site private parking
