SB 1211 for 12-unit apartment in Ventura

Ventura's SB 1211 math for 12-unit apartment owners: 8 detached ADUs (the §66323 cap), plus 3 interior conversions. Total: 11 new homes. At Ventura's median rent of $2,500/mo, that's ~$330K in additional gross annual rent.

11new homes possible
8detached ADUs
3interior conversions
$330Kest. annual rent

The Ventura scenario

Run it as a sequence: stabilize existing 12 units → permit 8 detached ADUs ministerially under §66314 → convert 3 interior spaces into rentable units → re-tenant at Ventura medians.

Ventura-specific note: Coastal city; some parcels under Coastal Commission.

Large multifamily (10+ unit) design playbook

A 12-unit complex is capped at 8 detached ADUs by statute, so the play shifts toward interior conversions: max(1, ⌊units × 25%⌋) = 3 additional units carved from common rooms, oversized lobbies, basement storage, or laundry rooms.

Pro-forma snapshot

Existing units12
Detached ADUs (SB 1211)8
Interior conversions3
Total new units11
Median 1BR rent in Ventura$2,500/mo
Est. additional gross rent$330K/yr
Estimated total project cost~$2,218K
Year-1 NOI estimate~$248K
Stabilized cap rate at cost11.2%
Replacement parking requiredNo (§66313)
Approval pathwayMinisterial · §66314
Typical permit timeline in Ventura70-115 days

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Other property types in Ventura

Duplex in Venturaup to 3 new homesTriplex in Venturaup to 4 new homesFourplex / 4-unit in Venturaup to 5 new homes5-unit apartment in Venturaup to 6 new homes6-unit apartment in Venturaup to 7 new homes8-unit apartment in Venturaup to 10 new homes10-unit apartment in Venturaup to 10 new homes16-unit apartment in Venturaup to 12 new homes20-unit apartment in Venturaup to 13 new homes24-unit apartment in Venturaup to 14 new homes32-unit apartment in Venturaup to 16 new homes

12-unit apartment owners in other Central Coast cities

12-unit apartment in Oxnard~$304K/yr rent · 70-115 days12-unit apartment in Thousand Oaks~$356K/yr rent · 75-120 days12-unit apartment in Simi Valley~$317K/yr rent · 75-120 days12-unit apartment in Camarillo~$304K/yr rent · 75-115 days12-unit apartment in Salinas~$277K/yr rent · 70-115 days12-unit apartment in Monterey~$356K/yr rent · 75-125 days12-unit apartment in Santa Cruz~$383K/yr rent · 75-130 days12-unit apartment in Santa Barbara~$383K/yr rent · 75-130 days12-unit apartment in San Luis Obispo~$317K/yr rent · 75-120 days

Topics relevant to this scenario

Utility hookups for multifamily ADUsImpact fees on SB 1211 ADUsExisting vs proposed buildings under SB 1211Fire code compliance for SB 1211 ADUsSB 1211 and rent controlHOAs and SB 1211Financing multifamily ADUs under SB 1211HCD-approved modular ADUs