CA > Oxnard > Oxnard: Other - 0033
Oxnard, CA 93033,541 Cuesta Del Mar DR
Oxnard, CA 93033,541 Cuesta Del Mar DR
Oxnard, CA 93033,541 Cuesta Del Mar DR
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$2,845,000
Est. payment /mo
0.26 Acres Lot
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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active Under Contract

Purchase Type For Sale

Subdivision Oxnard: Other - 0033

MLS Listing ID V1-31907

HOA Y/N No

Year Built 1962

Lot Size 0.260 Acres

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

Area Vc33 - Oxnard - Southwest / Port Huenem

Interior

Heating Wall Furnace

Cooling None

Fireplaces Type None

Fireplace No

Appliance Electric Range, Gas Range

Laundry None

Exterior

Carport Spaces 14

Fence None

Pool None

Community Features Urban

View Y/N No

View None

Total Parking Spaces 14

Private Pool No

Building

Lot Description Sprinklers None

Others

Senior Community No

Tax ID 2220081035

Acceptable Financing 1031 Exchange

Listing Terms 1031 Exchange

Special Listing Condition Standard

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CRMLS – RECore
Listed by Nick Henry Beachside Partners

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