55+ Residential Income
For Sale
$129,000
16-9097 N Ventura Ave, Ventura, CA 94306
One-bedroom, one-bath home with an open floor plan, covered porch, and outdoor patio.
Property Size432 SF
Price / SF$298.61
Days on Market28
Property Features for 16-9097 N Ventura Ave
General Information
Standard status
Active
Size
432 SF
Property subtype
Manufactured In Park
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Additional Details
Highway Access
Yes
Amenities
covered porch
outdoor patio space
Listing Agency:
Realty ONE Group Summit
(805) 807-9321
Listed By:
Emma Bovee
(805) 807-9321
Source:
Exprealty
Added: Jul 13
Changed: Aug 8
Last Checked: Aug 8 at 8:35AM
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 Realty ONE Group Summit
Investment Insights
Based on property information with market context.
This one-bedroom, one-bath residence is located within Arroyo Mobile Home Park, a 55+ community. The home features an open floor plan with a living area, spacious bedroom, covered porch, and additional outdoor patio space. Its layout provides a straightforward residential setting with indoor and outdoor areas for daily use.
The property is positioned near the Ventura River Trail, offering access to walking and biking routes. Mountain views surround the community, while Ventura beaches, downtown, shopping, and dining are a few minutes away. Convenient access to the 101 freeway further connects the property with the surrounding area.
The property is positioned near the Ventura River Trail, offering access to walking and biking routes. Mountain views surround the community, while Ventura beaches, downtown, shopping, and dining are a few minutes away. Convenient access to the 101 freeway further connects the property with the surrounding area.
Key Highlights
- Located in Arroyo Mobile Home Park, a 55+ community
- One bedroom and one bathroom
- Open floor plan with living area and spacious bedroom
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
$8,211
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
6.37%
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%
$164,220
$164.2K
Cap Rate 7%
$117,300
$117.3K
Cap Rate 9%
$91,233
$91.2K
Market Conditions
NOI Build-Up for 432 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
$15.6K $36.00/SF
− Vacancy
−$622 −$1.44/SF
EGI
$14.9K $34.56/SF
− OpEx
−$6.7K −$15.55/SF
NOI
$8.2K $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%
$164,220
Cap Rate 7%
$117,300
Cap Rate 9%
$91,233
Alternative Uses
Best Use
Apartment 5plus
$117.3K
$102.6K – $136.9K
NOI $8,211 @ 7.0% cap · market cap 6.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$260.8K
$228.2K – $304.3K
NOI $18,256 @ 7.0% cap · market cap 14.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,049
Businesses Nearby
Explore this area
Business Placement
Demographics for 94306, CA
28,659
Population
11,853
Households
2.4
Avg Household Size
41
Median Age
81%
College-Educated
96%
High-School Grad
4.1 sq mi
ZIP Area
6,990
Density / Sq Mi
$186,479
Median Household Income
$112,500
Median Earnings
$2,927
Median Rent
$2,000,001
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - One-bedroom, one-bath home with an open floor plan, covered porch, and outdoor patio.
Where is this residential income property located?
The property is located at 16-9097 N Ventura Ave Ventura, CA.
What is the asking price?
The asking price for this property is $129,000.
What are key features of this property?
This property features: Located in Arroyo Mobile Home Park, a 55+ community; One bedroom and one bathroom; Open floor plan with living area and spacious bedroom
