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$2,845,000
Est. payment /mo
3 Beds
0.26 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID V1-31907
Bedrooms 3
Lot Size 0.260 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
Price just reduced $150k! 14 unit apartment building in S Oxnard offered at a 6.8% cap rate, 9.4 x rents offering great cash flow day 1!! Significant recent improvements including new roof, fresh paint, landscaping, new LED lighting and security gages, combo door locks and new railing and support posts. 2 units have recently been remodeled. Building features (10) 1BD/1BA and (4) 2BD/1BA along with carport parking. There is an onsite laundry room not currently used that could produce additional income. 2 hot water heaters. Rental rates have an additional approximately 15% upside offering a new owner the opportunity to purchase a building that cash flows right away and will offer annual 4% increases for the next several years allowable under Oxnard local rent control ordinance.
Location
State CA
County Ventura
Zoning Assessor
Direction off Hueneme and J ST
Interior
Fireplace No
Exterior
View Y/N No
Others
Senior Community No
Tax ID 2220081035
Acceptable Financing Exchange
Listing Terms Exchange
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Listed by Nick Henry Beachside Partners