Building Details

Building Size 1,655 SF

Year Built 1935

Listing Agency: RE/MAX Gold Coast REALTORS Show Phone

Listed By: Kasia Brady · License #02038898 Show Phone

Source: Altera

Added: Oct 12 Changed: Oct 26 Last Checked: Oct 26 at 3:30PM

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Investment Insights

Based on property information with market context.

This 1,655-square-foot duplex, built in 1935, consists of a detached 2-bedroom, 1-bathroom home and a separate 1-bedroom, 1-bathroom residence above a two-car garage. Each residence has its own yard, and both are tenant-occupied, generating rental income.

The property is located in Port Hueneme, a few blocks from the beach, with schools, shopping, and dining also nearby.

Key Highlights

• Two residences: a detached 2‑bedroom, 1‑bathroom home and a 1‑bedroom, 1‑bathroom unit above the garage
• 1,655 square feet; built in 1935
• Two‑car garage beneath the second residence

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$28,363

Cap Rate

3.55%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$567,260 $567.3K

Cap Rate 7%

$405,186 $405.2K

Cap Rate 9%

$315,144 $315.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,655 SF

Gross rent

$42.2K $25.50/SF

− Vacancy

−$1.7K −$1.02/SF

EGI

$40.5K $24.48/SF

− OpEx

−$12.2K −$7.34/SF

NOI

$28.4K $17.14/SF

Area

Ventura County, CA

Vacancy

3.99%

Lease Rate

$25.50 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$567,260

Cap Rate 7%

$405,186

Cap Rate 9%

$315,144

Alternative Uses

Best Use

Multifamily LT 5

$405.2K

$354.5K – $472.7K (±1% cap)

NOI $28,363 @ 7.0% cap · market cap 3.55%

Second Best

Apartment 5plus

$373.7K

$327.0K – $436.0K (±1% cap)

NOI $26,161 @ 7.0% cap · market cap 3.27%

Theoretical Best

Office A

$568.2K

$497.1K – $662.9K (±1% cap)

NOI $39,771 @ 7.0% cap · market cap 4.97%

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

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

572

Businesses Nearby

Explore this area Business Placement

Demographics for 93041, CA

22,918

Population

9,083

Households

2.5

Avg Household Size

34

Median Age

22%

College-Educated

81%

High-School Grad

5.9 sq mi

ZIP Area

3,884

Density / Sq Mi

$75,836

Median Household Income

$38,995

Median Earnings

$2,159

Median Rent

$555,600

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - One detached home and a separate residence above the garage provide two distinct living spaces.

Where is this duplex located?

The property is located at 360 N Ventura Road Port Hueneme, CA.

What is the asking price?

The asking price for this property is $799,999.

What are key features of this property?

This property features: Two residences: a detached 2‑bedroom, 1‑bathroom home and a 1‑bedroom, 1‑bathroom unit above the garage; 1,655 square feet; built in 1935; Two‑car garage beneath the second residence