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$ 4,798,000
Est. payment /mo
Active
1315 Devonshire Drive Oxnard, CA 93030
1 Bed
2 Baths
0.34 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID V1-36716
Bedrooms 1
Lot Size 0.340 Acres
Property Sub-Type Res Income 2-4 Units
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
Zoning Public Rec
Direction Heading S on Ventura Blvd turn left onto Devonshire Dr
Interior
Fireplace No
Exterior
View Y/N No
Roof Type Composition
Others
Senior Community No
Tax ID 2000151115
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition REO
Listed by Jason Liehr, DRE#02152826 Beachside Partners