Triplex with Private Outdoor
For Sale
$1,600,000
916 Poli Street, Ventura, CA 93001
Triplex, Ventura, CA
Property Size2,480 SF
Lot Size0.10 Acres
Price / SF$645.16
Days on Market29
Property Features for 916 Poli Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bedroom 2, Bathroom 2, Bathroom 3, Bedroom 6, Bedroom 1, Bedroom 5, Bedroom 4, Bathroom 1
Parking features
Garage, Assigned
Interior features
Brick Walls, Quartz Counters, Ceiling Fan(s), Storage, Crown Molding
Fencing
Brick
Appliances
Dishwasher, Gas Oven, Refrigerator
View
Hills, Water, Ocean
Elementary school district
Ventura Unified School District
Middle school district
Ventura Unified School District
High school district
Ventura Unified School District
Subdivision
VC24 - Ventura-Calif-Mills
Standard status
Active
APN
0730054020
Size
2,480 SF
Lot size
0.10 Acres
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Water source
Public
Amenities
private outdoor space
indoor laundry
fireplace
deck
ocean views
Building Details
Year built
1926
Flooring type
Laminate, Tile, Wood
Roof type
Flat, Tile, Shingle
Additional Structures
Storage
Listing Agency:
RE/MAX Gold Coast-Beach Office · RE/MAX International
(805) 216-4580
Listed By:
Billy Davidson · License #02154915
(805) 208-2871
Added: Aug 4
Changed: Aug 31
Last Checked: Sep 1 at 5:06AM
MLS# V1-38008
Copyright © 2026 California Regional MLS - Pasadena-Foothills and Ventura County Coastal. 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.
Located at 916 Poli Street, this 1926 triplex contains three distinct residences on a 0.1-acre parcel totaling 2,480 square feet. Each unit has private indoor laundry and outdoor space. The front residence includes original oak flooring, a fireplace, tongue-and-groove ceilings, custom plaster walls, a remodeled kitchen, and a renovated bathroom. Its 2020 Trex deck offers peekaboo ocean views and outdoor entertaining space.
The lower residence, Unit 918, provides two bedrooms, one bathroom, and a private patio with garden area. Unit 920 is positioned above three single-car garages and offers another two-bedroom, one-bathroom layout. Additional property features include upgraded Milgard dual-pane windows, public water and sewer, assigned garage parking, and brick fencing. The triplex is near Downtown Ventura, the Ventura Pier, beaches, restaurants, coffee shops, boutique shopping, and the weekly farmers market.
The lower residence, Unit 918, provides two bedrooms, one bathroom, and a private patio with garden area. Unit 920 is positioned above three single-car garages and offers another two-bedroom, one-bathroom layout. Additional property features include upgraded Milgard dual-pane windows, public water and sewer, assigned garage parking, and brick fencing. The triplex is near Downtown Ventura, the Ventura Pier, beaches, restaurants, coffee shops, boutique shopping, and the weekly farmers market.
Key Highlights
- Three‑residence triplex built in 1926
- 2,480 square feet on a 0.1‑acre parcel
- Each residence includes private indoor laundry and outdoor space
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
$55,285
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
3.46%
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%
$1,105,700
$1.1M
Cap Rate 7%
$789,786
$789.8K
Cap Rate 9%
$614,278
$614.3K
Market Conditions
NOI Build-Up for 2,480 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
$83.3K $33.60/SF
− Vacancy
−$4.3K −$1.75/SF
EGI
$79.0K $31.85/SF
− OpEx
−$23.7K −$9.55/SF
NOI
$55.3K $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%
$1,105,700
Cap Rate 7%
$789,786
Cap Rate 9%
$614,278
Alternative Uses
Best Use
Multifamily LT 5
$789.8K
$691.1K – $921.4K
NOI $55,285 @ 7.0% cap · market cap 3.46%
Second Best
Apartment 5plus
$673.4K
$589.3K – $785.7K
NOI $47,140 @ 7.0% cap · market cap 2.95%
Theoretical Best
Office A
$1.50M
$1.31M – $1.75M
NOI $104,805 @ 7.0% cap · market cap 6.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,080
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Three residences include private laundry and updated interiors near Downtown Ventura.
Where is this triplex located?
The property is located at 916 Poli Street Ventura, CA.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Three‑residence triplex built in 1926; 2,480 square feet on a 0.1‑acre parcel; Each residence includes private indoor laundry and outdoor space
