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$ 3,050,000
Est. payment | /mo
0.26 Acres Lot
$ 3,050,000
Est. payment | /mo
0.26 Acres Lot
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26-2010
Year Built 1964
Lot Size 0.260 Acres
Acres 0.26
Lot Dimensions 11325.6
Source Santa Barbara Multiple Listing Service
Property Description
This 14 unit apartment community in South Oxnard presents a compelling opportunity for investors seeking strong cash flow, stable operations, and long term value growth. Priced at $3,050,000 (approximately $217,857 per unit), the property generates an estimated $314,000 in annual gross income, resulting in a highly attractive Gross Rent Multiplier (GRM) of 9.7. The unit mix includes 10 one-bedroom units, 2 two-bedroom units, and 2 three-bedroom units, all surrounding a welcoming central courtyard. Over the past several years, the property has undergone approximately $263,300 in capital improvements.
Location
State CA
County Ventura
Interior
Heating Wall Furnace
Exterior
Parking Features Carport
Others
Tax ID 222-0-082-035
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
Listed by Apartment Investment Specialists
Schools and Properties Nearby
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