1306-1308 Devon Lane

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1306-1308 Devon Lane

Ventura, CA 93001
Asking Price
Contact for price
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

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

  • Multifamily apartment building available for purchase in Ventura
  • The property consists of two individual residential units
  • Located at 1306-1308 Devon Lane in the 93001 zip code
  • Situated within the coastal Southern California residential market
  • Asset type suitable for long-term residential rental investment

What's Special

This multifamily apartment building for sale in Ventura, California, presents an investment option for those seeking a small-scale residential asset. Comprising two units, the property is situated within a coastal city that continues to attract residents due to its proximity to the Pacific Ocean and a stable regional economy. The Ventura submarket benefits from its strategic location along the central coast, providing residents with access to major transportation corridors and a temperate climate that supports long-term housing demand. Investors looking for a manageable addition to a residential portfolio will find this asset type well-suited for traditional long-term rentals. Its configuration offers flexibility for individual unit management while benefiting from the consistent demand found in this established residential community. The property is located at 1306-1308 Devon Lane, placing it within a region that balances local lifestyle amenities with convenient access to the greater Southern California economic landscape.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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