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Property profile & analytics
OFF-MARKET
Estimated value
$870,000
Auto shops
240 Ventura Ave Ventura, CA 93001-2641
Individually Owned
9-yr Hold
Free & Clear
Property ID
US10-0990506
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1947
Total area
3,796 SF
Lot
0.18 ac (7,840 SF)
Zoning code
C2
APN
071-0-155-120
UPID
US10-0990506
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$791k
Blend (final)
Blend
$870k
Owner & transaction history
Raft F Mchaddad · 9 yrs held
Raft F Mchaddad
since 2017
7 recorded transactions
Zoning & alternative use
C2 · Ventura, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.4M
+1.5%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,420,000
Current use
MEDICAL BUILDING
$1,445,000
Change: +2% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,375,000
Change: -3% · Conversion: Moderate
OFFICE BUILDING
$1,225,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$870k
Range $783k – $957k · ±10%
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
$229 / 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
$7,820
Tax year 2023
Assessed value
$705,451
Assessed 2024
Previous assessed
$691,619
+2.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$455,131
Assessed improvement
$250,320
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1947
Heating
NONE
Total area
3,796 SF
Lot
0.18 ac (7,840 SF)
Zoning code
C2
APN
071-0-155-120
UPID
US10-0990506
Jurisdiction
VENTURA
Zoning & alternative use
C2 · Ventura, CA
Zoning C2 · permitted uses
C2 · Ventura, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ventura. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.2M
AUTO REPAIR, GARAGE Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1947
Heating
NONE
Lot
0.18 ac
Current owner
From public records · entity-resolved
Raft F Mchaddad
Individual
Free & Clear · 9 yrs held
Mailing address
14250 DEARBORN ST, PANORAMA CITY, CA 91402-1918
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 1, 2017
$620,000
Raft F Mchaddad
Farnoush Yousefzadeh
Grant Deed
—
Sep 11, 2013
—
Hamid Younesi
Younesi,katy
Quit Claim Deed
related
—
Aug 23, 2013
$196,000
Bsp 12th Street LLC
Younesi,hamid
Grant Deed
—
Jul 15, 2013
$305,000
Hamid Younesi
Mtc Financial INC
Trustees Deed
related
—
Nov 17, 2004
$500,000
Steven N Brooks
Love,john E
Grant Deed
$250,000 · Bank Of The West
Nov 17, 2004
—
Geraldine L Farrar-schminke
Schminke,donald L
Quit Claim Deed
related
—
—
—
Steven N Brooks
—
Deed Of Trust
related
$207,000 · Central Coast Development Corp
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.
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