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$ 4,798,000
Est. payment | /mo
0.34 Acres Lot
$ 4,798,000
Est. payment | /mo
0.34 Acres Lot
Key Details
Property Type Single Family Home
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 26-1812
Year Built 1964
Lot Size 0.340 Acres
Acres 0.34
Lot Dimensions 14810.0
Source Santa Barbara Multiple Listing Service
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). 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
Interior
Heating Wall Furnace
Laundry Laundry Room
Exterior
Garage Spaces 25.0
Total Parking Spaces 25
Others
Tax ID 200-0-151-115
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
Listed by Beachside Partners
Schools and Properties Nearby
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