Multifamily Property with Carport
New
For Sale
$1,350,000
3040 Crescent Way, Thousand Oaks, CA 91362
Central air and a range of kitchen appliances serve the residential interiors.
Property Size2,547 SF
Days on Market3
Property Features for 3040 Crescent Way
General Information
Standard status
Active
Size
2,547 SF
Total Parking Spaces
4
Property subtype
Residential Income
Net Operating Income
$58,000
Additional Details
Highway Access
Yes
Amenities
Curbs, Park, Suburban
Central Air
Central
Dishwasher, Gas Cooktop, Gas Oven, Microwave, Refrigerator, Water Heater, Dryer, Washer, Washer/Dryer Stacked
Ceiling Fan(s), Crown Molding, Recessed Lighting, Storage
Living Room
Mountain(s)
Vinyl
Covered, Carport, Detached Carport, Driveway, On Site, Private
Building Details
Building Size
2,547 SF
Year Built
2002
Buildings
1
Stories
2
Listed By:
Daniel Freeman
(818) 419-3749
Source:
Evrealestate
Added: Sep 22
Changed: Sep 24
Last Checked: Sep 24 at 1:56PM
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 Freeman
Investment Insights
Based on property information with market context.
Built in 2002, this multifamily property in Thousand Oaks includes central air, ceiling fans, recessed lighting, and crown molding. Kitchen appliances include a dishwasher, gas cooktop, gas oven, microwave, and refrigerator; a washer and dryer are also listed. The exterior is vinyl, with mountain views noted.
On-site parking is available via a detached carport and driveway. The property is located at 3040 Crescent Way in Ventura County.
On-site parking is available via a detached carport and driveway. The property is located at 3040 Crescent Way in Ventura County.
Key Highlights
- Built in 2002
- On‑site parking with detached carport and private driveway
- Central air, ceiling fans, recessed lighting, and crown molding
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
$40,318
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
2.99%
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%
$806,360
$806.4K
Cap Rate 7%
$575,971
$576.0K
Cap Rate 9%
$447,978
$448.0K
Market Conditions
NOI Build-Up for 2,547 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
$77.3K $30.36/SF
− Vacancy
−$4.0K −$1.58/SF
EGI
$73.3K $28.78/SF
− OpEx
−$33.0K −$12.95/SF
NOI
$40.3K $15.83/SF
Area
Thousand Oaks, CA
Vacancy
5.20%
Lease Rate
$30.36 /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%
$806,360
Cap Rate 7%
$575,971
Cap Rate 9%
$447,978
Alternative Uses
Best Use
Apartment 5plus
$576.0K
$504.0K – $672.0K
NOI $40,318 @ 7.0% cap · market cap 2.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$998.0K
$873.3K – $1.16M
NOI $69,861 @ 7.0% cap · market cap 5.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,289
Businesses Nearby
Explore this area
Business Placement
Demographics for 91362, CA
35,803
Population
14,456
Households
2.5
Avg Household Size
46
Median Age
56%
College-Educated
96%
High-School Grad
19.0 sq mi
ZIP Area
1,884
Density / Sq Mi
$143,683
Median Household Income
$64,921
Median Earnings
$2,735
Median Rent
$1,078,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Multifamily property - Central air and a range of kitchen appliances serve the residential interiors.
Where is this multifamily property located?
The property is located at 3040 Crescent Way Thousand Oaks, CA.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Built in 2002; On‑site parking with detached carport and private driveway; Central air, ceiling fans, recessed lighting, and crown molding
