Homes for sale - 1315 Devonshire DR, Oxnard, CA 93030

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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$5,395,000

Est. payment - /mo

0.34 Acres Lot

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UPDATED:

01/30/2025 12:09 AM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision Oxnard: Other - 0031

MLS Listing ID V1-27844

HOA Y/N No

Year Built 1964

Lot Size 0.340 Acres

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. 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). Separately metered for electricity and gas. There is an onsite laundry room. Offered at less than $216k/unit and a 5.0% CAP rate, 12.0 GRM on in place rents with upside on rental rates. Seller prefers to carry back a loan at 6.0% interest only offering a major cash flow benefit to new Buyer. The garages offer ADU conversion potential.

Location

State CA

County Ventura

Area Vc31 - Oxnard - Northwest

Interior

Heating Wall Furnace

Cooling None

Fireplaces Type None

Fireplace No

Appliance Gas Oven, Refrigerator

Laundry Laundry Room

Exterior

Garage Spaces 25.0

Garage Description 25.0

Fence None

Pool None

Community Features Biking

View Y/N No

View None

Total Parking Spaces 25

Private Pool No

Building

Lot Description Sprinklers None

Story 2

Others

Senior Community No

Tax ID 2000151115

Acceptable Financing Conventional

Listing Terms Conventional

Special Listing Condition Standard

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Listed by Nicholas Henry • Beachside Partners

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