Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$3,170,000
Investment properties
1240 Ventura Ave Ventura, CA 93001-1708
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-1496496
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1929
Total area
13,568 SF
Lot
0.68 ac (29,620 SF)
Zoning code
C2
APN
069-0-092-205
UPID
US10-1496496
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.49M
CAP Approach
CAP
$2.62M
Comparable Approach
Comparable
$3.99M
Blend (final)
Blend
$3.17M
Owner & transaction history
Ei Portal Ventura LP · 6 yrs held
Ei Portal Ventura LP
since 2020
Last sale
$2.7M
7 recorded transactions
Zoning & alternative use
C2 · Ventura, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Development Code PDF
Top alternative use upside
Medical building
$5.2M
+5.1%
Auto repair, garage
$5.1M
+3.5%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Ventura submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ventura submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$3,465,000
ML approach
$3,485,000
CAP Approach
CAP Return
Estimation
6%
$2,840,000
6.5%
$2,620,000
7%
$2,435,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,910,000
Current use
MEDICAL BUILDING
$5,160,000
Change: +5% · Conversion: Easy
AUTO REPAIR, GARAGE
$5,085,000
Change: +4% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$4,855,000
Change: -1% · Conversion: Moderate
OFFICE BUILDING
$4,370,000
Change: -11% · Conversion: Easy
WAREHOUSE, STORAGE
$3,945,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$3.17M
Range $2.85M – $3.49M · ±10% · vs last sale $2.73M (Apr 6 2020)
Last sale anchor
$2.73M
Apr 6 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$234 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$8,132
Tax year 2023
Assessed value
$5,416,130
Assessed 2024
Previous assessed
$5,416,130
+0.0% YoY
Effective rate
0.15%
On assessed value
Assessed land
$857,762
Assessed improvement
$4,558,368
Applied tax rate
5.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1929
Heating
NONE
Total area
13,568 SF
Lot
0.68 ac (29,620 SF)
Zoning code
C2
APN
069-0-092-205
UPID
US10-1496496
Jurisdiction
VENTURA
Zoning & alternative use
C2 · Ventura, CAZoning C2 · permitted uses
C2 · Ventura, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Development Code PDF
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$4.9M
MEDICAL BUILDING
Est. value
$5.2M
AUTO REPAIR, GARAGE
Est. value
$5.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.9M
OFFICE BUILDING
Est. value
$4.4M
WAREHOUSE, STORAGE
Est. value
$3.9M
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1929
Heating
NONE
Lot
0.68 ac
Current owner
From public records · entity-resolved
Ei Portal Ventura LP
Entity
Mailing address
995 RIVERSIDE ST, VENTURA, CA 93001-1636
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 21, 2022
—
El Portal Ventura LP
—
Deed
related
$637,000 · Homecomings INC
Apr 29, 2022
—
El Portal Ventura LP
—
Deed
related
$420,000 · City Of San Buenaventura
Apr 6, 2020
$2,725,000
Ei Portal Ventura LP
Triad Properties
Grant Deed
$10,728,000 · Montecito Bk&tr
Jul 19, 2019
—
Triad Properties
—
Deed
related
$700,000 · Ventura Cnty Hsng Tr Fund
Apr 3, 2019
$2,725,000
Triad Properties
Pini Dario L Trust
Grant Deed
$2,100,000 · Montecito Bk&tr
Dec 28, 2017
—
Pini,dario L Trust
Pini,dario L
Quit Claim Deed
related
—
Nov 21, 2016
—
Dario L Pini
Dario Pini
Intrafamily Transfer
related
$2,000,000 · Ventura County Cu
Jun 6, 2008
—
Gemma Pini
Pini,louis L
Affidavit Of Death
related
—
Dec 3, 1999
$575,000
Dario Pini
Overgreen,jeff
Grant Deed
—
Oct 19, 1995
$810,000
Jeff Overeem
Esposito Trust
Grant Deed
$690,000 · Seller
Aug 16, 1988
—
Frank Esposito
Espos
Quit Claim Deed
related
—
Aug 16, 1988
$1,060,000
Herbert Farber
Esposito Frank
Trustees Deed
—
—
—
Triad Properties
—
Deed Of Trust
related
$700,000 · Ventura Cnty Hsng Tr Fund
—
—
Triad Properties
—
Deed Of Trust
related
$700,000 · Ventura Cnty Hsng Tr Fund
—
—
Dario Pini
—
Deed Of Trust
related
$1,251,250 · Centennial Bank
—
—
Dario Pini
—
Deed Of Trust
related
$450,000 · Individual
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1240 Ventura Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
