Nine-Unit Industrial
1607 Los Angeles Avenue, Ventura, CA 93004
For Sale
New
$3,200,000
Month-to-month tenancy allows an owner-occupant to take space while other units remain leased.
Property Size15,345 SF
Days on Market6
Property Features for 1607 Los Angeles Avenue
General Information
Standard status
Size
Property subtype
Occupancy
Additional Details
Cap Rate
Tenant in Place
Building Details
Building Size
Year Built
Stories
Tenancy
Listed By:
Daniel Frees · License #CA 01921923
(818) 449-1629
Source:
Daumcommercial
Added: Nov 4
Changed: Nov 9
Last Checked: Nov 8 at 8:32AM
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 Daniel Frees
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 15,345-square-foot industrial property contains nine units, all currently occupied. Month-to-month leases provide flexibility for an owner-user, with potential occupancy ranging from 1,320 SF to the full 15,345 SF.
The property is located at 1607 Los Angeles Ave in Ventura, California. Its in-place cap rate is 5.71%.
The property is located at 1607 Los Angeles Ave in Ventura, California. Its in-place cap rate is 5.71%.
Key Highlights
- Nine occupied industrial units
- 15,345 SF total property size
- Month‑to‑month leases allow an owner‑user to occupy 1,320 SF to 15,345 SF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$156,410
Cap Rate
4.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,128,200
$3.1M
Cap Rate 7%
$2,234,429
$2.2M
Cap Rate 9%
$1,737,889
$1.7M
Market Conditions
NOI Build-Up for 15,345 SF
Gross rent
$235.7K $15.36/SF
− Vacancy
−$12.3K −$0.80/SF
EGI
$223.4K $14.56/SF
− OpEx
−$67.0K −$4.37/SF
NOI
$156.4K $10.19/SF
Area
Ventura County, CA
Vacancy
5.20%
Lease Rate
$15.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,128,200
Cap Rate 7%
$2,234,429
Cap Rate 9%
$1,737,889
Alternative Uses
Best Use
Industrial
$2.23M
$1.96M – $2.61M
NOI $156,410 @ 7.0% cap · market cap 4.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.27M
$4.61M – $6.15M
NOI $368,751 @ 7.0% cap · market cap 11.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
170
Businesses Nearby
Explore this area
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
$750,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Industrial properties in Ventura, CA
Properties on Market for Industrial properties in Ventura
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Industrial property - Month-to-month tenancy allows an owner-occupant to take space while other units remain leased.
Where is this industrial property located?
The property is located at 1607 Los Angeles Avenue Ventura, CA.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: Nine occupied industrial units; 15,345 SF total property size; Month‑to‑month leases allow an owner‑user to occupy 1,320 SF to 15,345 SF
