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$4,798,000
Est. payment /mo
0.34 Acres Lot
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Subdivision Oxnard: Other - 0031
MLS Listing ID V1-36716
HOA Y/N No
Year Built 1964
Lot Size 0.340 Acres
Property Description
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.
Location
State CA
County Ventura
Area Vc31 - Oxnard - Northwest
Interior
Heating Wall Furnace
Cooling None
Fireplaces Type None
Fireplace No
Appliance Gas Range, Refrigerator
Exterior
Parking Features Garage
Garage Spaces 25.0
Garage Description 25.0
Fence Wrought Iron
Pool None
Community Features Biking, Park
View Y/N No
View None
Roof Type Composition
Total Parking Spaces 25
Private Pool No
Building
Lot Description Sprinklers None
Others
Senior Community No
Tax ID 2000151115
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Real Estate Owned
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Listed by Jason Liehr Beachside Partners (805) 406-6463, DRE #02152826
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