Updated Mar 3, 2025
Zac Freehling Acquires Multifamily Property In Ventura For $872K
491 South Evergreen Drive, Ventura, California 93003, United States
$872,000
$612/SF
Building Size
1,424 SF
Asset Type
MultiFamily
Closing
Dec 30, 2021
About this deal
AI
The multifamily property located at 491 S. Evergreen Dr. in Ventura, Southern California has been sold for a price of $872,000. The property spans 1,424 square feet, resulting in a price per square foot of $612. The transaction took place on December 30, 2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $872,000
- Address: 491 S. Evergreen Dr.
- Market: Ventura, Southern California
Zac Freehling purchased the property, while the seller was Bob Lambert. The transaction was facilitated by Kaitlin Miller from Pacific Partners Los Angeles.
On the Map
$872,000
$612/SF
MultiFamily
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Players
Ventura MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
18.19%
Cash-on-Cash
-5.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93