Historic Mixed-Use Victorian Rose
For Sale
$1,450,000
896 E Main St, Ventura, CA 93001
Unique mixed-use property in Downtown San Buenaventura, blocks from beach.
Property Size5,307 SF
Lot Size0.19 Acres
Days on Market158
Property Features for 896 E Main St
General Information
Standard status
Active
Size
5,307 SF
Lot size
0.19 Acres
Property subtype
Commercial
Building Details
Building Size
5,307 SF
Year Built
1888
Units
1
Listing Agency:
(805) 479-2772
Listed By:
Domonique Rodriguez · License #1493429
(805) 479-2772
Source:
Elliman
Added: Mar 10
Changed: Aug 14
Last Checked: Aug 14 at 9:55AM
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 Domonique Rodriguez
Investment Insights
Based on property information with market context.
This historic mixed-use property, formerly known as the Victorian Rose, is located on East Main Street in Downtown San Buenaventura, blocks from the beach, shopping, entertainment, and restaurants. The property features significant architecture and historical merit with exquisite details such as stained glass windows, 26 ft high ceilings, hand-carved arches and wood details, and hardwood flooring. The main Victorian-style sanctuary includes 5 suites and 5 bathrooms. The lower level includes 3 bedrooms, 1.5 bathrooms, a commercial-size kitchen, common laundry room, storage room, and basement. Additionally, the property includes the 'pink Herbert House,' a California Bungalow with 1 bedroom, 1 bathroom, a kitchen, and a private patio, located at 27 S. Kalorama. The property offers many possibilities such as a residence, bed and breakfast, or income-producing business venture.
Key Highlights
- Historic Victorian building with significant architectural details (stained glass, high ceilings, hand‑carved wood).
- Mixed‑use property in Downtown San Buenaventura, suitable for residence, B&B, or business.
- Prime location**: blocks from the beach, shopping, entertainment, and restaurants.
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
$100,875
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
6.96%
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%
$2,017,500
$2.0M
Cap Rate 7%
$1,441,071
$1.4M
Cap Rate 9%
$1,120,833
$1.1M
Market Conditions
NOI Build-Up for 5,307 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
$191.1K $36.00/SF
− Vacancy
−$7.6K −$1.44/SF
EGI
$183.4K $34.56/SF
− OpEx
−$82.5K −$15.55/SF
NOI
$100.9K $19.01/SF
Area
Santa Clara County, CA
Vacancy
4.00%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
45.00%
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%
$2,017,500
Cap Rate 7%
$1,441,071
Cap Rate 9%
$1,120,833
Alternative Uses
Best Use
Apartment 5plus
$1.44M
$1.26M – $1.68M
NOI $100,875 @ 7.0% cap · market cap 6.96%
Second Best
Mixed Use
$1.31M
$1.14M – $1.53M
NOI $91,546 @ 7.0% cap · market cap 6.31%
Theoretical Best
Office A
$3.20M
$2.80M – $3.74M
NOI $224,274 @ 7.0% cap · market cap 15.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,299
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Unique mixed-use property in Downtown San Buenaventura, blocks from beach.
Where is this mixed-use property located?
The property is located at 896 E Main St Ventura, CA.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Historic Victorian building with **significant architectural details** (stained glass, high ceilings, hand‑carved wood).; Mixed‑use property in Downtown San Buenaventura, suitable for residence, B&B, or business.; Prime location**: blocks from the beach, shopping, entertainment, and restaurants.
