2484 Fernwood Drive

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2484 Fernwood Drive

Ventura, CA 93001
Asking Price
$1.20M
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

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

  • Three-unit multifamily asset located in Ventura, California.
  • Property is currently offered for sale at $1,199,000.
  • Located within the 93001 zip code area.
  • Suited for investors targeting residential rental income.
  • Coastal market with steady demand for apartment housing.

What's Special

Investors seeking a stabilized multifamily addition in the coastal market of Ventura will find this three-unit apartment building at 2484 Fernwood Drive a practical acquisition. The property provides a residential housing option in a city known for its steady demand and proximity to major Southern California employment hubs. Ventura maintains a stable economic environment with significant residential appeal due to its geographic location and access to transit corridors like Highway 101. This asset fits well within a portfolio focused on long-term rental income and capital preservation in a supply-constrained region. Given the current configuration, the building serves as an efficient choice for managing a smaller scale residential investment. Its location offers residents access to the amenities of Ventura while positioned within a quiet neighborhood setting. The multi-unit structure is well-positioned for those aiming to capture consistent rental demand from the local workforce and residents appreciative of the coastal lifestyle.

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NOI
$80,000
Cap Rate
6.67%
DSCR
1.12
Tight
Cash-on-Cash
2.45%
Monthly Payment
$5,931.998
Annual Cash Flow
$8,816.026

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