Detached Bungalow
New
For Sale
$925,000
9188 N Ventura, Ventura, CA 93001
Each of the three homes has its own yard, central heating and air conditioning, and in-unit laundry.
Property Size1,712 SF
Lot Size0.21 Acres
Days on Market4
Property Features for 9188 N Ventura
General Information
Standard status
Active
Size
1,712 SF
Lot size
0.21 Acres
Property subtype
Investment
Units
Unit Mix
1 x 1BR/1BA, 2 x 2BR/1BA
Multifamily Units
3
Additional Details
Tenant in Place
Yes
Amenities
central heating and air conditioning
in-unit washer and dryer
individual yard areas
Building Details
Building Size
1,712 SF
Year Built
1928
Buildings
3
Stories
1
Units
3
Construction
bungalow
Listing Agency:
Brandolino Group
Listed By:
Jeff Brandolino · License #01259914
(661) 600-9410
Source:
Elliman
Added: Oct 30
Last Checked: Nov 1 at 7:52AM
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 Brandolino Group
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Investment Insights
Based on property information with market context.
This triplex comprises three detached bungalow-style residences on an 8,930-square-foot lot. The unit mix includes one one-bedroom, one-bath home and two two-bedroom, one-bath homes. Each residence has a separate yard, central heating and air conditioning, and an in-unit washer and dryer. Built in 1928, the property includes one vacant two-bedroom residence.
The property is in Casitas Springs, with a walking path across the street. Lake Casitas, downtown Ojai, Ventura Harbor, and area beaches are among the destinations noted nearby.
The property is in Casitas Springs, with a walking path across the street. Lake Casitas, downtown Ojai, Ventura Harbor, and area beaches are among the destinations noted nearby.
Key Highlights
- Three detached residences on an 8,930‑square‑foot lot
- Unit mix: one 1‑bedroom, 1‑bath home and two 2‑bedroom, 1‑bath homes
- A two‑bedroom residence is currently vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,340
Cap Rate
3.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$586,800
$586.8K
Cap Rate 7%
$419,143
$419.1K
Cap Rate 9%
$326,000
$326.0K
Market Conditions
NOI Build-Up for 1,712 SF
Gross rent
$43.7K $25.50/SF
− Vacancy
−$1.7K −$1.02/SF
EGI
$41.9K $24.48/SF
− OpEx
−$12.6K −$7.34/SF
NOI
$29.3K $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 Rate 5%
$586,800
Cap Rate 7%
$419,143
Cap Rate 9%
$326,000
Alternative Uses
Best Use
Multifamily LT 5
$419.1K
$366.8K – $489.0K
NOI $29,340 @ 7.0% cap · market cap 3.17%
Second Best
Apartment 5plus
$386.6K
$338.3K – $451.0K
NOI $27,062 @ 7.0% cap · market cap 2.93%
Theoretical Best
Office A
$587.7K
$514.3K – $685.7K
NOI $41,141 @ 7.0% cap · market cap 4.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,054
Businesses Nearby
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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 Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Each of the three homes has its own yard, central heating and air conditioning, and in-unit laundry.
Where is this triplex located?
The property is located at 9188 N Ventura Ventura, CA.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Three detached residences on an 8,930‑square‑foot lot; Unit mix: one 1‑bedroom, 1‑bath home and two 2‑bedroom, 1‑bath homes; A two‑bedroom residence is currently vacant
