Updated Triplex with Private Outdoor
New
For Sale
$1,600,000
916 Poli St, Ventura, CA 93001
Distinct residences feature indoor laundry, individual outdoor areas, and flexible options for rental income, guests, or multigenerational living.
Property Size2,480 SF
Days on Market2
Property Features for 916 Poli St
General Information
Standard status
Active
Size
2,480 SF
Total Parking Spaces
3
Property subtype
Investment
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
3
Additional Details
Public Transit
Yes
Amenities
private outdoor space
indoor laundry
fireplace
Trex deck
custom American Clay earth plaster walls
reclaimed antique Chicago brick accents
tongue and groove ceilings
dual pane windows
cedar lined closet
organized storage system
Building Details
Building Size
2,480 SF
Year Built
1926
Buildings
1
Stories
2
Listing Agency:
RE/MAX Gold Coast-Beach Office
(805) 216-4580
Listed By:
Ann Howarth · License #02154915
(805) 216-4580
Source:
Elliman
Added: Aug 8
Changed: Aug 9
Last Checked: Aug 9 at 10:04AM
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 RE/MAX Gold Coast-Beach Office
Investment Insights
Based on property information with market context.
Built in 1926, this maintained triplex combines original architectural details with targeted updates across three individual residences. The front home includes oak flooring, a fireplace, custom plaster walls, reclaimed brick accents, tongue-and-groove ceilings, an updated kitchen and renovated bathroom. Its primary bedroom has a cedar-lined closet, while upgraded Milgard dual-pane windows appear throughout much of the residence. A 2020 Trex deck adds substantial outdoor space and includes peekaboo ocean views.
The lower home is a two-bedroom, one-bath residence with its own patio and garden. Above the three single-car garages, the upper home provides another private two-bedroom, one-bath layout. All residences have private indoor laundry and individual outdoor areas. The property is near Downtown Ventura, the Ventura Pier, beaches, restaurants, coffee shops, boutique shopping, and the weekly farmers market. Walk Score is 92, Bike Score is 83, and Transit Score is 37.
The lower home is a two-bedroom, one-bath residence with its own patio and garden. Above the three single-car garages, the upper home provides another private two-bedroom, one-bath layout. All residences have private indoor laundry and individual outdoor areas. The property is near Downtown Ventura, the Ventura Pier, beaches, restaurants, coffee shops, boutique shopping, and the weekly farmers market. Walk Score is 92, Bike Score is 83, and Transit Score is 37.
Key Highlights
- Three‑residence triplex built in 1926 with individual outdoor areas and indoor laundry
- Front residence features original oak flooring, fireplace, custom plaster, reclaimed brick, and tongue‑and‑groove ceilings
- Front residence includes a 2020 Trex deck with peekaboo ocean views
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
$55,285
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
3.46%
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%
$1,105,700
$1.1M
Cap Rate 7%
$789,786
$789.8K
Cap Rate 9%
$614,278
$614.3K
Market Conditions
NOI Build-Up for 2,480 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
$83.3K $33.60/SF
− Vacancy
−$4.3K −$1.75/SF
EGI
$79.0K $31.85/SF
− OpEx
−$23.7K −$9.55/SF
NOI
$55.3K $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%
$1,105,700
Cap Rate 7%
$789,786
Cap Rate 9%
$614,278
Alternative Uses
Best Use
Multifamily LT 5
$789.8K
$691.1K – $921.4K
NOI $55,285 @ 7.0% cap · market cap 3.46%
Second Best
Apartment 5plus
$673.4K
$589.3K – $785.7K
NOI $47,140 @ 7.0% cap · market cap 2.95%
Theoretical Best
Office A
$1.50M
$1.31M – $1.75M
NOI $104,805 @ 7.0% cap · market cap 6.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,250
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 Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Distinct residences feature indoor laundry, individual outdoor areas, and flexible options for rental income, guests, or multigenerational living.
Where is this triplex located?
The property is located at 916 Poli St Ventura, CA.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Three‑residence triplex built in 1926 with individual outdoor areas and indoor laundry; Front residence features original oak flooring, fireplace, custom plaster, reclaimed brick, and tongue‑and‑groove ceilings; Front residence includes a 2020 Trex deck with peekaboo ocean views
