243 Fraser Lane

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243 Fraser Lane

Ventura, CA 93001
Asking Price
$1.17M
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building located in Ventura California
  • Asset listed for sale at 1169000 dollars
  • Property situated at the address 243 Fraser Lane
  • Located in the desirable 93001 zip code area
  • Coastal market positioned for steady rental demand

What's Special

Ventura serves as a key coastal hub within the Greater Los Angeles region, offering a blend of established residential neighborhoods and a steady rental market. This apartment building at 243 Fraser Lane provides an investment entry point into this desirable Southern California submarket. The property occupies a strategic location in a coastal city known for its moderate climate and strong demand for workforce and market-rate rental housing. Given the asset type, the site is positioned to appeal to investors focused on long-term hold strategies within the multifamily sector. Its proximity to regional transit corridors and major local employment centers supports consistent tenant demand, making it a viable addition to a diversified real estate portfolio. Prospective buyers should consider the potential for operational management within this active California coastal community.

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NOI
$80,000
Cap Rate
6.84%
DSCR
1.15
Tight
Cash-on-Cash
3.02%
Monthly Payment
$5,783.574
Annual Cash Flow
$10,597.11

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