Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Somis Ocean View Homesite Title is generated by Realmo AI

    1672 E Los Angeles Ave, Somis, CA 93066

    View on Map
    Claim this Listing
    For Sale
    $1,845,000

    60.51 acres with ocean views and income potential.

    Type:Land
    Lot size:
    60.51 Acres
    Added:
    May 12, 2026
    Days on Market:
    16
    Last Refresh:
    May 12 at 5:25 am

    Property Features for 1672 E Los Angeles Ave

    General Information

    Standard status
    Active
    Lot size
    60.51 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Samuel Dunbar
    Samuel Dunbar

    Listing agent Samuel Dunbar License #01242893

    Listing office The Dunbar Group

    Listing date May 12, 2026

    Source Elliman

    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 Dunbar Group

    HighLights

    • 60.51‑acre homesite with ocean views and sweeping farmland vistas
    • Income‑generating property with approximately $32,400 annual income from existing agricultural leases
    • Potential for a family compound with an additional dwelling unit (ADU) view location
    • Active cultivation supporting row crops and nursery operations
    • Domestic water service provided by Ventura County Waterworks District No. 19
    • Utility conduits in place for electricity and natural gas

    Overview

    This 60.51-acre property in Somis, California, offers a blend of low-intensity farmland and scenic views. The site features sweeping farmland views to the north and vistas to the southwest, including the Oxnard Plain and the Channel Islands. Several acres are in active cultivation, supporting row crops and nursery operations. Multiple tenants lease portions of the land, generating an annual income of approximately $32,400. The property offers potential for a rural lifestyle and the creation of a family compound with a second view location for an additional dwelling unit (ADU). Domestic water service is provided by Ventura County Waterworks District No. 19, serving the limited agricultural uses. Utility conduits are in place for electricity and natural gas to the site. The bike score is 25, indicating it is somewhat bikeable, and the walk score is 0, indicating it is car-dependent.
    Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Suggested Use

    Real Estate Agency Spa & Massage Center Big Box & Wholesale Store Skin Care Clinic Garden Center Cosmetic Store Nursing Home Nursing Home

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Somis
    County
    Ventura
    State
    California
    Longitude
    -119.0462913
    Latitude
    34.2559444

    Nearby Similar for Sale

    • $11,526,000
      2,500 SF

      Somis Ranch with Income Potential

      433-acre Somis ranch featuring agriculture and multiple residences.
      641 W La Loma Avenue, Somis, CA 93066
      View Details
    • $1,845,000

      60+ Acre Ocean View Homesite

      60+ acre homesite with ocean views and income potential.
      1672 E Los Angeles Avenue, Somis, CA 93066
      View Details
    • $11,526,000
      2,500 SF

      Somis Ranch: Income-Producing Agriculture

      433-acre Somis ranch with agriculture, residences, and investment potential.
      641 La Loma Ave, Somis, CA 93066
      View Details
    • $1,200,000

      Ventura County Agricultural Land

      21.24 acres of land in Somis, California.
      000 N Sand Canyon Rd N, Somis, CA 93066
      View Details
    • $9,500,000

      Prime Farmland in Ventura County

      185 acres of income-producing farmland in Somis, California.
      150-300 West Los Angeles Avenue, Somis, CA 93066
      View Details
    • $1,975,000

      Somis Farmland with Ocean Views

      60.51 acres in Somis, CA with ocean views.
      1672 E Los Angeles, Somis, CA 93066
      View Details
    • $1,545,000

      Lemon Grove with Ranch Potential

      Lemon grove with potential for ranch or equestrian facilities.
      4363 Sand Canyon, Somis, CA 93066
      View Details
    • $10,995,000

      Ventura County Farmland Opportunity

      185 acres of prime, income-producing farmland in Ventura County.
      150 W Los Angeles, Somis, CA 93066
      View Details
    • $1,200,000

      Ventura County Agricultural Land

      21.24 acres of land in Ventura County.
      -000 North Sand Canyon Road North, Somis, CA 93066
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 60.51 acres with ocean views and income potential.
    Where is this agricultural land / farmland located?
    The property is located at 1672 E Los Angeles Ave Somis, CA.
    What is the asking price?
    The asking price for this property is $1,845,000.
    What are key features of this property?
    This property features: 60.51‑acre homesite with **ocean views and sweeping farmland vistas**; Income‑generating property with approximately $32,400 annual income from existing agricultural leases; Potential for a family compound with an additional dwelling unit (ADU) view location
    (805) 844-2804
    We can help!
    Listing Contact
    Samuel Dunbar
    Samuel Dunbar
    Real Estate License ID: 01242893
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1672 E Los Angeles Ave, Somis, CA 93066
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!