Duplex Property with Ocean
For Sale
$975,000
6779 Ojai Avenue, Ventura, CA 93001
Ventura, CA
Property Size1,884 SF
Lot Size0.11 Acres
Price / SF$517.52
Days on Market237
Property Features for 6779 Ojai Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
3
Full bathrooms
1
Rooms
Laundry Room, Den, Bathroom 1, Bedroom 1, Bedroom 4, Bedroom 2, Bathroom 3, Bathroom 2, Bedroom 3, Family Room
Parking
4
Interior features
Tray Ceiling(s), Block Walls, Storage, In-Law Floorplan, Tile Counters, Cathedral Ceiling(s)
Exterior features
Rain Gutters
Fireplace
1
Subdivision
Ventura Beach North: Other - 0022
Lot features
Sprinklers None, Landscaped
View
Hills, Ocean
Elementary school
Pacific Beach
Directions
101North turn right on Santa Barbara, right on Surfside Left on Ojai Ave.101 South Exit Sea Cliff turn left on PCH, turn left onto 101 North exit on La Conchita Santa Barbara, right on Surfside, lfet on Ojai Ave.
Standard status
Active
APN
0600076050
Size
1,884 SF
Lot size
0.11 Acres
Utilities
Utilities
Natural Gas Available
Sewer type
Perc Test Required
Water source
Public
Amenities
ocean views
stone fireplace
vaulted ceiling
garden backyard
laundry
Building Details
Year built
1978
Floors in Building
2
Building materials
Stucco
Architectural style
Other
Additional Structures
Storage
Listing Agency:
COMPASS
(818) 790-9900
Listed By:
Steven Kuhn · License #01237314
(949) 438-4340
Added: Jan 9
Changed: Sep 2
Last Checked: Sep 3 at 1:06PM
MLS# P1-25871
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex property includes two homes associated with separate tax parcels, utilities, and septic systems. The primary residence offers multiple living areas, a full kitchen, vaulted and cathedral ceilings, a stone fireplace, storage, laundry, and an attached converted garage. A downstairs studio lockout includes its own kitchen and bathroom, while the upper level provides ocean views. The second residence is a one-bedroom, one-bath home with two outdoor living areas and a garden backyard.
The owners of the smaller residence would like to remain in place under a life estate. The property is located at 6779 Ojai Avenue in Ventura, California, and includes stucco construction, public water, natural gas availability, rain gutters, and a 1978 construction date. County records and measured information differ regarding building areas; buyer inspections are recommended.
The owners of the smaller residence would like to remain in place under a life estate. The property is located at 6779 Ojai Avenue in Ventura, California, and includes stucco construction, public water, natural gas availability, rain gutters, and a 1978 construction date. County records and measured information differ regarding building areas; buyer inspections are recommended.
Key Highlights
- Two homes associated with separate tax parcels
- Separate utilities and septic systems for the two residences
- Primary home includes a downstairs studio lockout with kitchen and bath
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
$41,999
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
4.31%
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%
$839,980
$840.0K
Cap Rate 7%
$599,986
$600.0K
Cap Rate 9%
$466,656
$466.7K
Market Conditions
NOI Build-Up for 1,884 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
$63.3K $33.60/SF
− Vacancy
−$3.3K −$1.75/SF
EGI
$60.0K $31.85/SF
− OpEx
−$18.0K −$9.55/SF
NOI
$42.0K $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%
$839,980
Cap Rate 7%
$599,986
Cap Rate 9%
$466,656
Alternative Uses
Best Use
Multifamily LT 5
$600.0K
$525.0K – $700.0K
NOI $41,999 @ 7.0% cap · market cap 4.31%
Second Best
Apartment 5plus
$511.6K
$447.6K – $596.9K
NOI $35,811 @ 7.0% cap · market cap 3.67%
Theoretical Best
Office A
$1.14M
$995.2K – $1.33M
NOI $79,618 @ 7.0% cap · market cap 8.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
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?
Duplex - Two homes occupy separate tax parcels with distinct utilities, septic systems, and outdoor living areas.
Where is this duplex located?
The property is located at 6779 Ojai Avenue Ventura, CA.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Two homes associated with separate tax parcels; Separate utilities and septic systems for the two residences; Primary home includes a downstairs studio lockout with kitchen and bath
