541 Cuesta Del Mar Drive, Oxnard, CA 93033 - MLS#V1-31907

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Matt O'Brien

matt@homecrave.com +1(619) 302-3010

$ 2,845,000

Est. payment | -/mo

3 Beds

Save

$ 2,845,000

Est. payment | -/mo

Save

3 Beds

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID V1-31907

Bedrooms 3

Property Sub-Type Res Income 2-4 Units

Property Description

Price just reduced $150k! 14 unit apartment building in S Oxnard offered at a 6.8% cap rate, 9.4 x rents offering great cash flow day 1!! Significant recent improvements including new roof, fresh paint, landscaping, new LED lighting and security gages, combo door locks and new railing and support posts. 2 units have recently been remodeled. Building features (10) 1BD/1BA and (4) 2BD/1BA along with carport parking. There is an onsite laundry room not currently used that could produce additional income. 2 hot water heaters. Rental rates have an additional approximately 15% upside offering a new owner the opportunity to purchase a building that cash flows right away and will offer annual 4% increases for the next several years allowable under Oxnard local rent control ordinance.

Location

State CA

County Ventura

Zoning Assessor

Direction off Hueneme and J ST

Interior

Fireplace No

Exterior

View Y/N No

Others

Tax ID 2220081035

Listed by Nick Henry Beachside Partners

+1(619) 302-3010

matt@homecrave.com

San Diego, CA, 92124

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541 Cuesta Del Mar Drive Oxnard, CA 93033