65 College Drive

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65 College Drive

Ventura, CA 93003
Asking Price
$2.49M
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

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

  • The asset is a multifamily apartment building in Ventura
  • It is located at 65 College Drive in California
  • The total asking price for the property is 2,489,000 dollars
  • The site sits at coordinates 34.2729 and negative 119.2432
  • This building is positioned within a growing Southern California submarket

What's Special

Ventura serves as a key coastal hub within the Ventura County region, characterized by its steady economic growth and proximity to major Southern California transit corridors. The property at 65 College Drive represents a multifamily apartment building positioned in a well-established residential area. Its location provides residents with access to local amenities and the broader infrastructure of the Ventura market. Multifamily assets of this scale are well-suited for investors seeking to build or maintain a footprint in this coastal submarket. Given the density and regional housing demand, this apartment building functions as a stable addition to a diverse commercial real estate portfolio. Prospective owners may find potential in the long-term rental market of Ventura, where residential demand remains consistent due to the city's coastal climate and proximity to employers.

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NOI
$80,000
Cap Rate
3.21%
DSCR
0.54
Underwater
Cash-on-Cash
-9.08%
Monthly Payment
$12,314.214
Annual Cash Flow
$-67,770.567

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