Coastal Duplex with
For Sale
Under Contract
$1,799,000
950 Seaside Court, Ventura, CA 93001
Duplex, Ventura, CA
Property Size2,888 SF
Lot Size0.14 Acres
Price / SF$622.92
Days on Market74
Property Features for 950 Seaside Court
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Driveway, Garage
Interior features
Beamed Ceilings, Balcony, Ceiling Fan(s), Storage, Recessed Lighting, Open Floorplan, Living Room Balcony, Elevator, Crown Molding
Accessibility
Accessible Elevator Installed
Appliances
Dishwasher, Water Softener, Water Heater, Microwave, Gas Water Heater, Gas Oven, Gas Cooktop, Built-In Range, Water Line to Refrigerator, Vented Exhaust Fan, Refrigerator
Subdivision
Ventura Keys 3 - 160103
Standard status
Active Under Contract
APN
0800320425
Size
2,888 SF
Lot size
0.14 Acres
Utilities
Sewer type
Public Sewer
Heating system
Central
Water source
Public
Amenities
engineered hardwood flooring
double-sided fireplace
custom redwood-trimmed windows
French doors
exposed wood beam ceiling
deck
private balcony
in-unit laundry
separate laundry facilities
solar system
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 30
Changed: Sep 9
Last Checked: Sep 11 at 7:06PM
MLS# V1-37297
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 includes two distinct residences with separate entrances and living areas. The upper home provides three bedrooms and two bathrooms, along with an elevator connection from the garage, a double-sided fireplace, hardwood and tile flooring, in-unit laundry, balconies, and a broad deck. Its kitchen includes ample cabinetry, a bay window, and generous work space. The lower residence offers single-level living with two bedrooms, two bathrooms, a private backyard, updated primary bathroom, and its own laundry facilities.
An attached two-car garage provides dedicated parking for each residence and includes additional storage space. The property also features a fully owned Enphase solar system serving the upper home, public water and sewer, central heating, and an accessible elevator. Set on 0.14 acres in the Ventura Keys, the duplex occupies a quiet cul-de-sac near Ventura Harbor, beaches, shopping, dining, parks, and freeway access.
An attached two-car garage provides dedicated parking for each residence and includes additional storage space. The property also features a fully owned Enphase solar system serving the upper home, public water and sewer, central heating, and an accessible elevator. Set on 0.14 acres in the Ventura Keys, the duplex occupies a quiet cul-de-sac near Ventura Harbor, beaches, shopping, dining, parks, and freeway access.
Key Highlights
- 2,888‑square‑foot duplex with separate 3‑bedroom and 2‑bedroom residences
- Upper residence includes elevator access, expansive deck, balconies, and double‑sided fireplace
- Lower unit offers single‑level living with a 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
3.58%
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
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences offer flexible living arrangements, private outdoor areas, individual laundry, and dedicated garage parking.
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‑square‑foot duplex with separate 3‑bedroom and 2‑bedroom residences; Upper residence includes elevator access, expansive deck, balconies, and double‑sided fireplace; Lower unit offers single‑level living with a private backyard and updated en‑suite bathroom
