Duplex with Two Separate
For Sale
$1,799,000
950 Seaside Court, Ventura, CA 93001
Duplex offering a 3-bedroom, 2-bath upstairs home and a 2-bedroom, 2-bath downstairs residence.
Property Size2,888 SF
Days on Market69
Property Features for 950 Seaside Court
General Information
Standard status
Active
Size
2,888 SF
Property subtype
Duplex
Building Details
Building Size
2,888 SF
Year Built
1965
Listing Agency:
RE/MAX Gold Coast-Beach Office
Listed By:
Billy Davidson · License #02154915
(805) 208-2871
Source:
Velocityrealtysd
Added: Jul 1
Changed: Aug 28
Last Checked: Sep 6 at 11:51AM
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 RE/MAX Gold Coast-Beach Office
Investment Insights
Based on property information with market context.
This well-maintained duplex includes an upstairs residence with three bedrooms and two bathrooms plus a downstairs residence with two bedrooms and two bathrooms. The upstairs layout is described as living like a private single-family home and features elevator access from the garage, a fully owned Enphase solar system, engineered hardwood flooring, redwood-trimmed windows and French doors, an exposed wood beam ceiling, and a double-sided fireplace. The kitchen provides abundant cabinetry, a bay window, and generous workspace, and the dining and living areas are filled with natural light. An expansive deck extends from both the living room and one bedroom, and a second bedroom includes a private balcony; updated bathrooms and in-unit laundry are also noted.
The downstairs residence is single-level with a bright kitchen, two spacious bedrooms, two bathrooms, and a private backyard. The property is situated on a quiet cul-de-sac in the Ventura Keys area, moments from Ventura Harbor, local beaches, shopping, dining, parks, and convenient freeway access.
The downstairs residence is single-level with a bright kitchen, two spacious bedrooms, two bathrooms, and a private backyard. The property is situated on a quiet cul-de-sac in the Ventura Keys area, moments from Ventura Harbor, local beaches, shopping, dining, parks, and convenient freeway access.
Key Highlights
- 2,888‑SF duplex with a 3‑bedroom, 2‑bath upstairs residence plus a private 2‑bedroom, 2‑bath downstairs residence
- Upstairs living includes garage elevator access, engineered hardwood flooring, custom redwood‑trimmed windows and French doors
- Double‑sided fireplace connects the upstairs living/dining areas
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
$64,380
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
3.58%
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%
$1,287,600
$1.3M
Cap Rate 7%
$919,714
$919.7K
Cap Rate 9%
$715,333
$715.3K
Market Conditions
NOI Build-Up for 2,888 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
$97.0K $33.60/SF
− Vacancy
−$5.1K −$1.75/SF
EGI
$92.0K $31.85/SF
− OpEx
−$27.6K −$9.55/SF
NOI
$64.4K $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%
$1,287,600
Cap Rate 7%
$919,714
Cap Rate 9%
$715,333
Alternative Uses
Best Use
Multifamily LT 5
$919.7K
$804.8K – $1.07M
NOI $64,380 @ 7.0% cap · market cap 3.58%
Second Best
Apartment 5plus
$784.2K
$686.2K – $914.9K
NOI $54,895 @ 7.0% cap · market cap 3.05%
Theoretical Best
Office A
$1.74M
$1.53M – $2.03M
NOI $122,047 @ 7.0% cap · market cap 6.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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 - Duplex offering a 3-bedroom, 2-bath upstairs home and a 2-bedroom, 2-bath downstairs residence.
Where is this duplex located?
The property is located at 950 Seaside Court Ventura, CA.
What is the asking price?
The asking price for this property is $1,799,000.
What are key features of this property?
This property features: 2,888‑SF duplex with a 3‑bedroom, 2‑bath upstairs residence plus a private 2‑bedroom, 2‑bath downstairs residence; Upstairs living includes garage elevator access, engineered hardwood flooring, custom redwood‑trimmed windows and French doors; Double‑sided fireplace connects the upstairs living/dining areas
