Two-Building Live-Work
For Sale
$2,150,000
481 N Ventura Ave, Ventura, CA 93001
The property combines two buildings at a Ventura address with improvements dating to 1926.
Property Size4,716 SF
Days on Market115
Property Features for 481 N Ventura Ave
General Information
Standard status
Active
Size
4,716 SF
Class
B
Property subtype
Office
Building Details
Building Size
4,716 SF
Year Built
1926
Listed By:
Jeffrey R. Becker CCIM . CPM . RPA · License #CalDRE #01213236
(805) 653-6794
Source:
Beckergrp
Added: Jun 25
Changed: Oct 16
Last Checked: Oct 16 at 7:37AM
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 Jeffrey R. Becker CCIM . CPM . RPA
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Investment Insights
Based on property information with market context.
This live-work property consists of two buildings at 481 N Ventura Ave in Ventura, California. The improvements date to 1926, providing a historic physical base for the live-work configuration.
The property is positioned along N Ventura Ave in the 93001 ZIP code. Its two-building layout distinguishes the offering from a single-structure property and supports the combined residential and workspace format identified in the listing classification.
The property is positioned along N Ventura Ave in the 93001 ZIP code. Its two-building layout distinguishes the offering from a single-structure property and supports the combined residential and workspace format identified in the listing classification.
Key Highlights
- Two‑building live‑work property
- Improvements date to 1926
- Located at 481 N Ventura Ave, Ventura, CA 93001
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,479
Cap Rate
3.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,669,580
$1.7M
Cap Rate 7%
$1,192,557
$1.2M
Cap Rate 9%
$927,544
$927.5K
Market Conditions
NOI Build-Up for 4,716 SF
Gross rent
$124.5K $26.40/SF
− Vacancy
−$13.2K −$2.80/SF
EGI
$111.3K $23.60/SF
− OpEx
−$27.8K −$5.90/SF
NOI
$83.5K $17.70/SF
Area
Ventura County, CA
Vacancy
10.60%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,669,580
Cap Rate 7%
$1,192,557
Cap Rate 9%
$927,544
Alternative Uses
Best Use
Office B
$1.19M
$1.04M – $1.39M
NOI $83,479 @ 7.0% cap · market cap 3.88%
Second Best
Mixed Use
$845.8K
$740.1K – $986.8K
NOI $59,209 @ 7.0% cap · market cap 2.75%
Theoretical Best
Office A
$1.62M
$1.42M – $1.89M
NOI $113,329 @ 7.0% cap · market cap 5.27%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,054
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Live-work space - The property combines two buildings at a Ventura address with improvements dating to 1926.
Where is this live-work space located?
The property is located at 481 N Ventura Ave Ventura, CA.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: Two‑building live‑work property; Improvements date to 1926; Located at 481 N Ventura Ave, Ventura, CA 93001
