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Listed by Nick Henry • Beachside Partners
$ 2,845,000
Est. payment | /mo
11,325 SqFt
$ 2,845,000
Est. payment | /mo
11,325 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 11,325 sqft
Price per Sqft $251
MLS Listing ID CRV1-31907
HOA Y/N No
Year Built 1962
Lot Size 0.260 Acres
Property Sub-Type Other
Source Datashare California Regional
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
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Laundry No Hookups
Exterior
View None
Building
Lot Description Other
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Adam Shoop
Broker Associate at LPT Realty | Lic# 1782227