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Property profile & analytics
OFF-MARKET
Estimated value
$3,000,000
Office buildings
39 California St Ventura, CA 93001-2620
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US10-1480234
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1927
Total area
9,481 SF
Lot
0.16 ac (6,969 SF)
Zoning code
DC
APN
073-0-034-060
UPID
US10-1480234
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
$3.73M
CAP Approach
CAP
$2.76M
Comparable Approach
Comparable
$3.80M
Blend (final)
Blend
$3.00M
Owner & transaction history
39 N California Street LLC · 4 yrs held
39 N California Street LLC
since 2021
Last sale
$2.8M
7 recorded transactions
Zoning & alternative use
DC · Ventura, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.6M
+50.0%
Neighborhood: shopping center
$4.0M
+30.0%
Medical building
$3.6M
+18.0%
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
$3,605,000
ML approach
$3,730,000
CAP Approach
CAP Return
Estimation
6%
$2,985,000
6.5%
$2,755,000
7%
$2,555,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,055,000
Current use
RESTAURANT
$4,580,000
Change: +50% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$3,975,000
Change: +30% · Conversion: Difficult
MEDICAL BUILDING
$3,605,000
Change: +18% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,550,000
Change: +16% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,430,000
Change: +12% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$3,395,000
Change: +11% · Conversion: Easy
WAREHOUSE, STORAGE
$2,755,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$3.00M
Range $2.70M – $3.30M · ±10% · vs last sale $2.75M (Dec 21 2021)
Last sale anchor
$2.75M
Dec 21 2021
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
$316 / 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
$28,590
Tax year 2023
Assessed value
$2,462,626
Assessed 2024
Previous assessed
$2,414,340
+2.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$364,140
Assessed improvement
$2,098,486
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1927
Heating
NONE
Total area
9,481 SF
Lot
0.16 ac (6,969 SF)
Zoning code
DC
APN
073-0-034-060
UPID
US10-1480234
Jurisdiction
VENTURA
Zoning & alternative use
DC · Ventura, CA
Zoning DC · permitted uses
DC · 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
OFFICE BUILDING Current
Est. value
$3.1M
RESTAURANT
Est. value
$4.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.0M
MEDICAL BUILDING
Est. value
$3.6M
AUTO REPAIR, GARAGE
Est. value
$3.6M
COMMERCIAL (GENERAL)
Est. value
$3.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.4M
WAREHOUSE, STORAGE
Est. value
$2.8M
OFFICE BUILDING Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1927
Heating
NONE
Lot
0.16 ac
Current owner
From public records · entity-resolved
39 N California Street LLC
Entity
Mailing address
39 N CALIFORNIA ST, VENTURA, CA 93001-2620
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 21, 2021
$2,750,000
39 N California Street LLC
Green Hawk LLC
Grant Deed
$1,722,367 · Citizens Business Bank
Dec 21, 2021
—
Green Hawk LLC
Green Hawk LLC
Correction Deed
related
—
Apr 30, 2020
$1,311,000
Green Hawk LLC
Ronald L Colton
Grant Deed
$925,000 · Bank Of The Sierra
Apr 30, 2020
—
James T Sherren
Denise Sherren
Quit Claim Deed
related
—
Jun 15, 2007
—
Gary Jacobs
Jacobs,lynn
Quit Claim Deed
related
—
Jun 15, 2007
$334,000
Ronald L Colton
Ronald L Colton
Intrafamily Transfer
related
—
—
—
North California Street Tr 39
—
Deed Of Trust
related
$427,500 · American Commercial Bank
—
—
Ronald L Colton
—
Deed Of Trust
related
$460,000 · Montecito Bk&tr
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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