Updated Mobile
For Sale
$199,500
9097 N N Ventura Avenue 11, Ventura, CA 93001
One-bedroom residence in a 55+ community with remodeled interior features and access to riverfront scenery and bike trails.
Property Size672 SF
Price / SF$296.88
Days on Market15
Property Features for 9097 N N Ventura Avenue 11
General Information
Standard status
Active
Size
672 SF
Property subtype
Manufactured In Park
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Amenities
river
scenic bike trails
Building Details
Buildings
1
Listing Agency:
PAK Home Realty
(909) 351-5105
Listed By:
Gabriela Ericsson
Source:
Tfregroup
Added: Aug 16
Changed: Aug 30
Last Checked: Aug 30 at 12:52AM
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 PAK Home Realty
Investment Insights
Based on property information with market context.
This 672-square-foot mobile home offers one bedroom and one bathroom within a 55+ community in Ventura. Recent improvements include a new kitchen with appliances, an under-sink reverse osmosis filtration system, an updated bathroom vanity, new lighting, a contemporary mirror, a custom bedroom closet, fresh interior paint, and new flooring in the bedroom.
The home is approximately 10 minutes from the beach and 10 minutes from Ojai. Community amenities and surroundings include a river along the rear of the property and scenic bike trails. The combination of updated interior components, a single-bedroom layout, and access to nearby coastal and inland destinations provides a practical residential setting.
The home is approximately 10 minutes from the beach and 10 minutes from Ojai. Community amenities and surroundings include a river along the rear of the property and scenic bike trails. The combination of updated interior components, a single-bedroom layout, and access to nearby coastal and inland destinations provides a practical residential setting.
Key Highlights
- 672 square feet with 1 bedroom and 1 bathroom
- Located in a 55+ community
- New kitchen appliances and under‑sink reverse osmosis filtration
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
$12,773
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
6.40%
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%
$255,460
$255.5K
Cap Rate 7%
$182,471
$182.5K
Cap Rate 9%
$141,922
$141.9K
Market Conditions
NOI Build-Up for 672 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
$24.2K $36.00/SF
− Vacancy
−$968 −$1.44/SF
EGI
$23.2K $34.56/SF
− OpEx
−$10.5K −$15.55/SF
NOI
$12.8K $19.01/SF
Area
Santa Clara County, CA
Vacancy
4.00%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
45.00%
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%
$255,460
Cap Rate 7%
$182,471
Cap Rate 9%
$141,922
Alternative Uses
Best Use
Apartment 5plus
$182.5K
$159.7K – $212.9K
NOI $12,773 @ 7.0% cap · market cap 6.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$405.7K
$355.0K – $473.3K
NOI $28,399 @ 7.0% cap · market cap 14.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,054
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?
Mobile home & RV park - One-bedroom residence in a 55+ community with remodeled interior features and access to riverfront scenery and bike trails.
Where is this mobile home & rv park located?
The property is located at 9097 N N Ventura Avenue 11 Ventura, CA.
What is the asking price?
The asking price for this property is $199,500.
What are key features of this property?
This property features: 672 square feet with 1 bedroom and 1 bathroom; Located in a 55+ community; New kitchen appliances and under‑sink reverse osmosis filtration
