Two-Unit Coastal Duplex with
For Sale
$1,920,000
950 Seaside Court, Ventura, CA 93001
Duplex, Ventura, CA
Property Size2,888 SF
Lot Size0.14 Acres
Price / SF$664.82
Days on Market55
Property Features for 950 Seaside Court
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 3, Bathroom 2, Bedroom 3, Bathroom 4, Bathroom 1, Bedroom 4, Bedroom 2, Bedroom 1, Bedroom 5
Parking features
Driveway, Garage
Interior features
Beamed Ceilings, Ceiling Fan(s), Balcony, Storage, Recessed Lighting, Open Floorplan, Living Room Balcony, Elevator, Crown Molding
Accessibility
Accessible Elevator Installed
Appliances
Dishwasher, Built-In Range, Water Heater, Microwave, Gas Water Heater, Gas Oven, Gas Cooktop, Water Softener, Water Line to Refrigerator, Vented Exhaust Fan, Refrigerator
Subdivision
Ventura Keys 3 - 160103
Elementary school district
Ventura Unified School District
Middle school district
Ventura Unified School District
High school district
Ventura Unified School District
Standard status
Active
APN
0800320425
Size
2,888 SF
Lot size
0.14 Acres
Utilities
Sewer type
Public Sewer
Heating system
Central
Water source
Public
Amenities
solar system
laundry facilities
Building Details
Year built
1965
Floors in Building
2
Flooring type
Wood, Tile
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: Jun 29
Changed: Aug 21
Last Checked: Aug 22 at 6:06AM
MLS# V1-37281
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.
This 2,888-square-foot duplex contains two independent residences. The upper home offers three bedrooms and two bathrooms, with elevator access from the garage, engineered hardwood flooring, wood-beam ceilings, French doors, a double-sided fireplace, in-unit laundry, and an expansive deck. The lower residence provides two bedrooms and two bathrooms on one level, along with a private backyard, updated en-suite bathroom, separate laundry, and direct outdoor access. Each unit has its own kitchen and dedicated parking.
The property includes an attached two-car garage, a storage room, public water, and public sewer. A fully owned Enphase solar system serves the upstairs residence. Built in 1965, the 0.14-acre property is located on Seaside Court in Ventura’s Ventura Keys area, near Ventura Harbor, beaches, shopping, dining, parks, and freeway access.
The layout supports owner occupancy with supplemental rental income, multigenerational living, or separate use of the two residences. Interior features include central heating, wood and tile flooring, balconies, recessed lighting, storage, and an accessible elevator.
The property includes an attached two-car garage, a storage room, public water, and public sewer. A fully owned Enphase solar system serves the upstairs residence. Built in 1965, the 0.14-acre property is located on Seaside Court in Ventura’s Ventura Keys area, near Ventura Harbor, beaches, shopping, dining, parks, and freeway access.
The layout supports owner occupancy with supplemental rental income, multigenerational living, or separate use of the two residences. Interior features include central heating, wood and tile flooring, balconies, recessed lighting, storage, and an accessible elevator.
Key Highlights
- 2,888‑square‑foot duplex with separate 3‑bedroom and 2‑bedroom residences
- Upper unit includes elevator access, expansive deck, double‑sided fireplace, and in‑unit laundry
- Lower residence offers single‑level living, private backyard, and updated en‑suite bathroom
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
3.35%
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 3.35%
Second Best
Apartment 5plus
$784.2K
$686.2K – $914.9K
NOI $54,895 @ 7.0% cap · market cap 2.86%
Theoretical Best
Office A
$1.74M
$1.53M – $2.03M
NOI $122,047 @ 7.0% cap · market cap 6.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
344
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 separate residences offer private outdoor areas, dedicated parking, and flexible owner-occupant or rental configurations.
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 $1,920,000.
What are key features of this property?
This property features: 2,888‑square‑foot duplex with separate 3‑bedroom and 2‑bedroom residences; Upper unit includes elevator access, expansive deck, double‑sided fireplace, and in‑unit laundry; Lower residence offers single‑level living, private backyard, and updated en‑suite bathroom
