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Listed by Jason Liehr • Beachside Partners
$ 1,995,000
Est. payment | /mo
4,097 SqFt
$ 1,995,000
Est. payment | /mo
4,097 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 4,097 sqft
Price per Sqft $486
MLS Listing ID CRV1-30882
HOA Y/N No
Year Built 1961
Lot Size 10,000 Sqft
Property Sub-Type Other
Source Datashare California Regional
Property Description
14-unit apartment building + standalone commercial space near downtown Oxnard offered at 7.5% CAP / 8.9 GRM on current rents! This fully rented property includes a renovated 2-story 14-unit apartment building & a restaurant building. 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 and delivers meals to field workers at nearby farms. 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
Interior
Heating Electric
Cooling None
Fireplace No
Laundry Laundry Room
Exterior
View None
Building
Lot Description Other
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Adam Shoop
Broker Associate at LPT Realty | Lic# 1782227