Triplex with Spacious Front
For Sale
Contact for pricing
335 W Simpson Street, Ventura, CA 93001
Triplex with four-bedroom, two-bedroom, and studio units plus coin-operated laundry and onsite parking.
Property Size2,565 SF
Lot Size0.12 Acres
Price / SF$456.14
Days on Market64
Property Features for 335 W Simpson Street
General Information
Standard status
Active
Size
2,565 SF
Lot size
0.12 Acres
Property subtype
Multifamily
Zoning
Public Rec
Additional Details
Multifamily Units
3
Amenities
coin operated laundry
front yard
Building Details
Buildings
1
Units
3
Tenancy
Multi
Listing Agency:
Beachside Partners
Listed By:
Nick Henry · License #01748131
(805) 705-7311
Source:
Crexi
Added: Jul 6
Changed: Aug 23
Last Checked: Sep 3 at 5:25AM
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 Beachside Partners
Investment Insights
Based on property information with market context.
This triplex at 335 W Simpson St includes three separate units: one 4BD/1BA unit, one 2BD/1BA unit, and a spacious studio with a private yard. The property also offers onsite parking supported by a spacious front yard, coin-operated laundry for tenants, and a one-car garage currently used for storage. Recent site improvements include a new roof completed in 2024, fresh exterior paint, a new water heater, and a newly constructed staircase to the second floor in 2025.
The site is located along Ventura’s downtown corridor, near local businesses such as Singing Sun Coffee and Municipal Winemakers. It is approximately 1 mile from the restaurants and bars along Main Street and about 1.75 miles from Ventura’s Surfers Point.
The property is situated on two parcels totaling 5,373 SF and provides a multi-unit rental layout with exterior updates aimed at supporting day-to-day tenant use.
The site is located along Ventura’s downtown corridor, near local businesses such as Singing Sun Coffee and Municipal Winemakers. It is approximately 1 mile from the restaurants and bars along Main Street and about 1.75 miles from Ventura’s Surfers Point.
The property is situated on two parcels totaling 5,373 SF and provides a multi-unit rental layout with exterior updates aimed at supporting day-to-day tenant use.
Key Highlights
- Triplex at 335 W Simpson St with unit mix of 4BD/1BA, 2BD/1BA, and a spacious studio with a private yard
- Two parcels totaling 5,373 SF with a spacious front yard for ample onsite parking
- Coin‑operated laundry on site plus a one‑car garage currently used for storage
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
$57,180
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
4.89%
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%
$1,143,600
$1.1M
Cap Rate 7%
$816,857
$816.9K
Cap Rate 9%
$635,333
$635.3K
Market Conditions
NOI Build-Up for 2,565 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
$86.2K $33.60/SF
− Vacancy
−$4.5K −$1.75/SF
EGI
$81.7K $31.85/SF
− OpEx
−$24.5K −$9.55/SF
NOI
$57.2K $22.29/SF
Area
Santa Clara County, CA
Vacancy
5.22%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
30.00%
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%
$1,143,600
Cap Rate 7%
$816,857
Cap Rate 9%
$635,333
Alternative Uses
Best Use
Multifamily LT 5
$816.9K
$714.8K – $953.0K
NOI $57,180 @ 7.0% cap · market cap 4.89%
Second Best
Apartment 5plus
$696.5K
$609.5K – $812.6K
NOI $48,756 @ 7.0% cap · market cap 4.17%
Theoretical Best
Office A
$1.55M
$1.35M – $1.81M
NOI $108,397 @ 7.0% cap · market cap 9.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1
Businesses Nearby
Explore this area
Business Placement
Demographics for 93001, CA
33,859
Population
14,705
Households
2.3
Avg Household Size
40
Median Age
38%
College-Educated
88%
High-School Grad
96.6 sq mi
ZIP Area
351
Density / Sq Mi
$86,310
Median Household Income
$45,023
Median Earnings
$1,881
Median Rent
$760,700
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Triplex with four-bedroom, two-bedroom, and studio units plus coin-operated laundry and onsite parking.
Where is this triplex located?
The property is located at 335 W Simpson Street Ventura, CA.
What is the asking price?
The asking price for this property is $1,170,000.
What are key features of this property?
This property features: Triplex at 335 W Simpson St with unit mix of 4BD/1BA, 2BD/1BA, and a spacious studio with a private yard; Two parcels totaling 5,373 SF with a spacious front yard for ample onsite parking; Coin‑operated laundry on site plus a one‑car garage currently used for storage
