Triplex with Detached
For Sale
$1,150,000
511 N 5th St, Port Hueneme, CA 93041
Three dwellings across two detached structures, each with separate utility metering and laundry hookups.
Property Size2,344 SF
Price / SF$490.61
Days on Market43
Property Features for 511 N 5th St
General Information
Standard status
Active
Size
2,344 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BR/1BA, 2 x 1BR/1BA
Multifamily Units
3
Additional Details
Utilities to Site
Yes
Amenities
laundry hookups
Building Details
Year Built
1956
Buildings
2
Listing Agency:
Beachside Partners
(805) 626-0112
Listed By:
Jason Liehr · License #02152826
Source:
Santaynezvalleyhomesforsale
Added: Jul 21
Changed: Aug 31
Last Checked: Aug 31 at 5:28PM
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 comprises two detached structures on a street-to-street lot. The primary structure is a 2BD/1BA home with a garage, while the second structure contains two separately accessed 1BD/1BA units. Each duplex residence includes a single-car garage, and all three dwellings have laundry hookups. The property totals 2,344 square feet and was built in 1956.
Separate gas, electric, and water meters serve each dwelling. Tenants pay utilities, including trash, providing a clearly defined utility arrangement for the property. Port Hueneme Beach and Pier are approximately one mile away, with the Naval Base and Port of Hueneme also identified as nearby employment centers.
Separate gas, electric, and water meters serve each dwelling. Tenants pay utilities, including trash, providing a clearly defined utility arrangement for the property. Port Hueneme Beach and Pier are approximately one mile away, with the Naval Base and Port of Hueneme also identified as nearby employment centers.
Key Highlights
- Three‑unit property arranged in two detached structures
- 2,344 square feet on a street‑to‑street lot
- Detached 2BD/1BA home with garage
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
$40,171
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
3.49%
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%
$803,420
$803.4K
Cap Rate 7%
$573,871
$573.9K
Cap Rate 9%
$446,344
$446.3K
Market Conditions
NOI Build-Up for 2,344 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
$59.8K $25.50/SF
− Vacancy
−$2.4K −$1.02/SF
EGI
$57.4K $24.48/SF
− OpEx
−$17.2K −$7.34/SF
NOI
$40.2K $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 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%
$803,420
Cap Rate 7%
$573,871
Cap Rate 9%
$446,344
Alternative Uses
Best Use
Multifamily LT 5
$573.9K
$502.1K – $669.5K
NOI $40,171 @ 7.0% cap · market cap 3.49%
Second Best
Apartment 5plus
$529.3K
$463.2K – $617.5K
NOI $37,052 @ 7.0% cap · market cap 3.22%
Theoretical Best
Office A
$804.7K
$704.1K – $938.8K
NOI $56,328 @ 7.0% cap · market cap 4.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Utilities to site
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three dwellings across two detached structures, each with separate utility metering and laundry hookups.
Where is this triplex located?
The property is located at 511 N 5th St Port Hueneme, CA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Three‑unit property arranged in two detached structures; 2,344 square feet on a street‑to‑street lot; Detached 2BD/1BA home with garage
