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$2,375,000
Est. payment /mo
5 Beds
4 Baths
9,583 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID V1-29966
Bedrooms 5
HOA Y/N No
Lot Size 9,583 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
9-unit well maintained Oxnard apartment building with ideal unit mix located close to schools, parks, shopping, Navy Base and deepwater Port. Features secure gated entry with (2) 2BD/2BA, (6) 2BD/1BA and (1) 1BD/1BA units totaling 7,764 SF on 9,583 SF lot. 2 garages in front and carports in rear offer ADU conversion potential. The 2 garages, currently used by owner, will be delivered vacant offering immediate upside to rent out or pursue ADU conversion. Separately metered for electricity and gas. Onsite laundry room. Dual pane windows in place and building recently painted. Other improvements include new exterior lighting, new hot and cold water lines on several units and several interiors updated over last few years. Offered at 11.4 x current rents and a 5.2% cap rate.
9-unit well maintained Oxnard apartment building with ideal unit mix located close to schools, parks, shopping, Navy Base and deepwater Port. Features secure gated entry with (2) 2BD/2BA, (6) 2BD/1BA and (1) 1BD/1BA units totaling 7,764 SF on 9,583 SF lot. 2 garages in front and carports in rear offer ADU conversion potential. The 2 garages, currently used by owner, will be delivered vacant offering immediate upside to rent out or pursue ADU conversion. Separately metered for electricity and gas. Onsite laundry room. Dual pane windows in place and building recently painted. Other improvements include new exterior lighting, new hot and cold water lines on several units and several interiors updated over last few years. Offered at 11.4 x current rents and a 5.2% cap rate.
9-unit well maintained Oxnard apartment building with ideal unit mix located close to schools, parks, shopping, Navy Base and deepwater Port. Features secure gated entry with (2) 2BD/2BA, (6) 2BD/1BA and (1) 1BD/1BA units totaling 7,764 SF on 9,583 SF lot. 2 garages in front and carports in rear offer ADU conversion potential. The 2 garages, currently used by owner, will be delivered vacant offering immediate upside to rent out or pursue ADU conversion. Separately metered for electricity and gas. Onsite laundry room. Dual pane windows in place and building recently painted. Other improvements include new exterior lighting, new hot and cold water lines on several units and several interiors updated over last few years. Offered at 11.4 x current rents and a 5.2% cap rate.
Location
State CA
County Ventura
Area Oxnard (93033)
Zoning Assessor
Building
Story 2
Lot Size Range 7500-10889 SF
Others
Acceptable Financing Conventional
Space Rent $3,934
Listing Terms Conventional
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Listed by Nicholas Henry • Beachside Partners