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$ 2,245,000
Est. payment | /mo
10,001 Sqft Lot
$ 2,245,000
Est. payment | /mo
10,001 Sqft Lot
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
MLS Listing ID V1-30882
HOA Y/N No
Year Built 1961
Lot Size 10,001 Sqft
Property Description
14-unit apartment building + standalone commercial space near downtown Oxnard offered at 6.5% CAP / 10.0 GRM on current rents! This fully rented property includes a renovated 2-story 14-unit apartment building & a restaurant building. Originally built as a motel the apartment building totals 2,792 SF and contains all studio efficiency units (one bathroom and one room) along with a common laundry room with two sets of washer/dryers. Commercial building totals 1,305 SF and in past operated as a restaurant but current tenant operates as a prep kitchen that prepares meals for the agriculture contractors that provide field workers with daily meals. 18 uncovered parking spots. The apartment building has been completely updated over the past 6 years. This is a very efficient investment property offering some of the most affordable rents in the whole county. As such turnaround time is very short to rent out any apartment vacancies.
Location
State CA
County Ventura
Area Vc31 - Oxnard - Northwest
Interior
Heating Electric
Cooling None
Fireplaces Type None
Fireplace No
Laundry Laundry Room
Exterior
Parking Features Uncovered
Fence None
Pool None
Community Features Urban
View Y/N No
View None
Total Parking Spaces 18
Private Pool No
Building
Lot Description Sprinklers None
Story 2
Others
Senior Community No
Tax ID 2010272220
Acceptable Financing Conventional
Listing Terms Conventional
Special Listing Condition Standard
Listed by Jason Liehr Beachside Partners (805) 406-6463
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