1315 Devonshire Drive, Oxnard, CA 93030

$4,798,000 Approx. USD 0 beds, 0 baths

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Marketed By Goossen / Neale Associates

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Marketed By Julia Goossen REALTOR® - Sales Associate 818-730-6879 m
805-677-7300 o
Lic#: 02074790
NRDS ID: 211512971
juliagoossen@bhhscal.com Ventura Office
789 S. Victoria Ave., Suite 100
Ventura, CA 93003
Phone: 805-677-7300
Fax: 805-644-8278

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Agent Remarks

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.

Listing Details

Property type: (Multi-Family)

Status: Active

MLS# V1-36716

Price: $4,798,000

HOA Fee is $0.00

Beds: 0

Baths: 0

None fireplaces

Built in 1964

0.34 acres

Lot size: 0.3400