$4,798,000

Multi Family In Oxnard

  • 1 Beds
  • 2 Baths
  • 14,811 Sqft lot
  • Updated: June 2
  • Source:
    San Diego MLS  MLS#V1-36716

About the Property

25-unit Oxnard apartment building for sale located on a corner lot near Fremont Square shopping center, several medical clinics and schools as well as bus lines. 1315 Devonshire DR is a 2-story courtyard style property featuring (12) 1BD units and (13) studios along with garage parking. The roof has recently been replaced. Other recent improvements include the installation of seismic shutoff valve
25-unit Oxnard apartment building for sale located on a corner lot near Fremont Square shopping center, several medical clinics and schools as well as bus lines. 1315 Devonshire DR is a 2-story courtyard style property featuring (12) 1BD units and (13) studios along with garage parking. The roof has recently been replaced. Other recent improvements include the installation of seismic shutoff valves on gas meters, 2 new commercial grade water heaters and upgraded cold water line plumbing pipes (pipes were sandblasted and injected with epoxy liner). The site is separately metered for electricity and gas. There is an onsite laundry room and the garages offer ADU conversion potential. Offered at $191k/unit and a 6.2% CAP rate, 10.2 GRM this is a compelling opportunity to own in a strong rental market with additional upside potential in rental rates.
  • Property type

    Other

Features

  • Garage
  • Gas Stovetop
  • Investment Property
  • Laundry Room

Explore the Area

1315 Devonshire Drive, Oxnard, California, United States View on Google Maps
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Beachside Partners - Santa Barbara

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Beachside Partners - Santa Barbara
California, United States
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7
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Beachside Partners - Santa Barbara
Santa Barbara, California, United States
View agency profile
Last updated
June 2
First listed
Jun 2
Listing reference
V1-36716
Listing status
Active under contract
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