$2,295,000 Price Analysis    ♡   Oxnard, CA 93030 Unknown bed 2 bath unknown SqFt ($0/SqFt) 0.23 acre lot. Built 1952 Listed 2024-02-28 | Ⓧ USDA Ineligible due to price & location near Oxnard |
6.2% CAP rate on current rents (only currently available multifamily property over a 6% cap on actuals in Ventura CO).
Fully renovated two-story 14-unit apartment building along with a detached restaurant building set on 10, 000 SF lot near 5 points in Oxnard. Originally built as a motel the apartment building totals 2, 792SF and contains all studio efficiency units (one bathroom and one room) along with a common laundry room with two sets of washer/ dryers. The 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 immigrant field workers with daily meals.
The restaurant building has a dining area, kitchen, food prep area, storage room and two restrooms along with floor drains. 18 uncovered parking spaces in rear. Front and rear electronic gates provide privacy and security to its residents. The partment building has been completely updated over the past 5 years including new roof, fresh paint and fascia replacement, fumigation for pest treatment, new windows and doors, new main electrical panel and exterior LED lighting, new driveway and striping, new water heaters and various plumbing upgrades along with full remodel of interiors including new baths, flooring, lighting, electric heating units and kitchen counter and sink.
Presented by Nicholas Henry at
Beachside Partners.
Property MLS #V1-22165 from CRMLS
Heating: Yes
Lot Size Square Feet: 10000
Parking Total: 18
Calculated Total Monthly Association Fees: 0
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
County: Ventura
Source Property Type: Residential Income
Area: VC31 - Oxnard - Northwest
Source Neighborhood: VC31 - Oxnard - Northwest
Number of Separate Electric Meters: 2
Number of Separate Gas Meters: 2
Number of Separate Water Meters: 2
Parcel Number: 2010272220
Postal Code Plus 4: 7123
Source System Name: C2C
$2,295,000
CRMLS
Listed 2024-02-28
$2,350,000
CRMLS
Listing removed 2023-10-21
$0
CRMLS
Listing removed 2023-10-20
$0
SantaBarbara
Listed 2023-06-26
$2,395,000
SantaBarbara
Listed 2023-06-26
$2,395,000
CRMLS
Building Features: 2
Common Walls: No Common Walls
Property Age: 72
Levels or Stories: Two
Building Total Stories: 2
Structure Type: Apartment
Year Built Source: Assessor
Water Source: Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.