Back to Search

Ten-Unit Apartment Complex For Sale

Rexford Street, Ventura, CA 93003

View on Map

For Sale

$3,550,000

Ten-unit apartment complex near Pacific View Mall and local beaches.

Type:Commercial

Property size:

9,330 SF

Price / SF:

$380/SF

HighLights

Prime location: close to Pacific View Mall, hospitals, Ventura College, beaches, and freeways (101 & 126).
100% rented with long‑term tenants, providing immediate income.
Attractive Mix of Units: Primarily 2‑bedroom units (8 units with 2 beds and 1.5 baths, 1 unit with 2 beds and 1 bath) plus 1 unit with 1 bed and 1.5 baths.
Separate meters for electric and gas, allowing for easier utility management and billing.
Coin laundry on‑site, providing additional income and convenience for tenants.
Nine open‑ended carports for tenant parking.

We can help!

Listing Contact

KAREN CAMPBELL

Learn more

For Sale

$3,550,000

Ten-unit apartment complex near Pacific View Mall and local beaches.

Type:Commercial

Property size:

9,330 SF

Price / SF:

$380/SF

Added:: Apr 23, 2025
Days on Market:: 418
Last Refresh:: Apr 5 at 8:46 pm

Property Features for Rexford Street

General Information

Standard status: Active
Size: 9,330 SF
Property subtype: Commercial

Building Details

Year Built: 1965

We can help!

Listing Contact

KAREN CAMPBELL

Listing agent KAREN CAMPBELL

Listing office BHHS CALIFORNIA PROPERTIES

Listing date Apr 23, 2025

Source Corcoran

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 BHHS CALIFORNIA PROPERTIES

HighLights

Prime location: close to Pacific View Mall, hospitals, Ventura College, beaches, and freeways (101 & 126).
100% rented with long‑term tenants, providing immediate income.
Attractive Mix of Units: Primarily 2‑bedroom units (8 units with 2 beds and 1.5 baths, 1 unit with 2 beds and 1 bath) plus 1 unit with 1 bed and 1.5 baths.
Separate meters for electric and gas, allowing for easier utility management and billing.
Coin laundry on‑site, providing additional income and convenience for tenants.
Nine open‑ended carports for tenant parking.

Overview

This ten-unit apartment complex is located near the Pacific View Mall, Lowe's, Community Memorial Hospital, Ventura County Medical Center, Ventura College, and local beaches, with convenient access to the 101 and 126 Freeways. The property is 100% rented and subject to CA AB-1482. Situated on the corner of Rexford and Sidonia, the unit mix includes eight units with two bedrooms and one and a half baths, one unit with two bedrooms and one bath, and one unit with one bedroom and one and a half baths. All units are in good condition, with an average square footage of 828 sq ft, and feature long-term tenants. There are nine open-ended carports available. Utilities are separately metered for electric and gas. The property includes an owner-owned coin laundry. The property size is 9,330 square feet.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$335.9k	$36.00
− Vacancy	−$13.4k	−$1.44
EGI	$322.4k	$34.56
− OpEx	−$145.1k	−$15.55
NOI	$177.3k	$19.01

9,330 SF · lease $36.00/SF/yr · vacancy 4.00% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$2.53M

$2.22M – $2.96M (±1% cap)

NOI $177,345 @ 7.0% cap · market cap 5.00%

Second Best

—

no second resolved use

Theoretical Best

Office A

$5.63M

$4.93M – $6.57M (±1% cap)

NOI $394,286 @ 7.0% cap · market cap 11.11%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Apartment buildings

Map

City: Ventura
County: Santa Clara
State: California
Longitude: -119.223
Latitude: 34.2816

Nearby Similar for Sale

$2,150,000

2,898 SF

Renovated 4-Unit Multifamily Building

Renovated 1910-era two-story quadplex with one- and two-bedroom units plus secured entry and on-site laundry.

1033 E Santa Clara Street, Ventura, CA 93001

View Details
$595,000

Industrial Flex with Fenced Yard

Flex industrial property with a small office, shop area, newer bathroom, and fenced yard suited for light industrial use.

11443 Nardo Street, Ventura, CA 93004

View Details
$835,000

1,600 SF

Remodeled Duplex with Private Yards

Two separate, remodeled homes with private outdoor space and flexible parking options in Ventura.

90 Leighton Drive, Ventura, CA 93001

View Details
$835,000

1,600 SF

Remodeled Duplex with Private Yards

Two separate remodeled homes with private outdoor space and flexible parking for long-term tenants.

90 Leighton Drive, Ventura, CA 93001

View Details
$975,000

1,884 SF

Two Homes with Ocean Views

Two homes merged into one property with ocean views.

6779 Ojai Avenue, Ventura, CA 93001

View Details
$1,500,000

4,100 SF

Two-Unit Storefront Retail Building

Two long-established storefronts plus yard and a rear addition, with boulevard frontage and alley access.

2031-2035 E Thompson Blvd, Ventura, CA 93001

View Details
$1,200,000

Remodeled Duplex with Two Garages

Duplex with two 2-bedroom, 2-bath units, each with a two-car garage and private backyard space.

9417-9419 Petit Court, Ventura, CA 93004

View Details
$965,000

3,002 SF

Industrial Unit Near Ventura Freeway

Rare industrial unit with shop room, coffee bar, and offices.

3037 Golf Course Drive, Ventura, CA, 93003

View Details
$1,095,000

Ventura Medical/Office Building For Sale

Fully occupied medical/office building in Ventura's Loma Vista corridor.

3442 Loma Vista Rd, Ventura, CA 93003

View Details
$1,600,000

7,228 SF

Ventura Flex Space with Offices

Flex space featuring offices, storage, and freeway access in Ventura.

180 Canada Larga Road, Ventura, CA, 93001

View Details
$745,000

Multi-Tenant Retail Property

Fully leased multi-tenant retail asset with 8 occupied units in a highly visible Ventura corridor.

2674 E Main, Ventura, CA 93003

View Details
$2,756,325

10,023 SF

Ventura Medical Office Opportunity

Two-building medical office project in central Ventura for sale.

180 North Ashwood Avenue, Ventura, CA, 93003

View Details

For sale
Apartment buildings
CA
Ventura
93003
Rexford Street

What type of property is this?

Apartment building - Ten-unit apartment complex near Pacific View Mall and local beaches.

Where is this apartment building located?

The property is located at Rexford Street Ventura, CA.

What is the asking price?

The asking price for this property is $3,550,000.

What are key features of this property?

This property features: Prime location: close to Pacific View Mall, hospitals, Ventura College, beaches, and freeways (101 & 126).; 100% rented with long‑term tenants, providing immediate income.; Attractive Mix of Units: Primarily 2‑bedroom units (8 units with 2 beds and 1.5 baths, 1 unit with 2 beds and 1 bath) plus 1 unit with 1 bed and 1.5 baths.