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    Spacious Lot in Las Posas Estates Title is generated by Realmo AI

    20 Marine View Drive, Camarillo, CA 93010

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    Claim this Listing
    New
    For Sale
    $1,400,000

    Land/Lot - Camarillo, CA

    Lot size:
    123,710.40 Acres
    Added:
    May 26, 2026
    Days on Market:
    5
    Last Refresh:
    May 30 at 7:06 am

    Property Features for 20 Marine View Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    RE5AC
    Exterior features
    Fence, Community Features Included: Valley, Rural, Mountainous, Foothills, Suburban
    Fencing
    Fenced
    Standard status
    Active
    APN
    1520110085
    Lot size
    123,710.40 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Betty Fernandez
    Betty Fernandez

    Listing agent Betty Fernandez License #01452802

    Listing office eXp Realty 350 N Lantana Street, Burbank, CA

    Listing date May 26, 2026

    MLS# V1-36633 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Rare 2.84‑acre estate lot in Las Posas Estates, one of the largest available.
    • Potential for two residences plus accessory dwelling units under California SB 9.
    • No HOA, offering freedom from architectural committee and design restrictions.
    • Sweeping panoramic views and privacy at the end of a quiet cul‑de‑sac.
    • Horse property designation with water via Mutual Water Company and utilities available.
    • Convenient location midway between Los Angeles and Santa Barbara with easy 101 freeway access.

    Overview

    This exceptional 2.84-acre parcel is located in Camarillo's prestigious Las Posas Estates, situated at the end of a quiet cul-de-sac, offering sweeping panoramic views and privacy. The original custom home was lost in the Mountain Fire, leaving a blank canvas for future development. According to California SB 9, this parcel may support two separate residences plus accessory dwelling units, presenting an opportunity for builders, investors, or families desiring a multigenerational estate. There is no HOA, which means no architectural committee and no design restrictions. The property has a horse property designation. Water is available via Mutual Water Company, and electric, gas, and cable are also accessible. The terrain is flat and gently sloping, featuring mature trees and established landscaping. The location is midway between Los Angeles and Santa Barbara, with convenient access to the 101 freeway. It is also located minutes from beaches, hiking, golf, shopping, and top-rated schools. This property offers nearly three acres of possibility.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Nail Salon Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Camarillo
    County
    Ventura
    State
    California
    Longitude
    -119.067219
    Latitude
    34.2389035

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    FAQs

    What type of property is this?
    Residential land & home lot - Rare 2.84-acre estate lot with panoramic views in Camarillo.
    Where is this residential land & home lot located?
    The property is located at 20 Marine View Drive Camarillo, CA.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: Rare 2.84‑acre estate lot in Las Posas Estates, one of the largest available.; Potential for two residences plus accessory dwelling units under California SB 9.; No HOA, offering freedom from architectural committee and design restrictions.
    (805) 766-1495
    We can help!
    Listing Contact
    Betty Fernandez
    Betty Fernandez
    Real Estate License ID: 01452802
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    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.

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