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The Warburton Team Brokered By EXp

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

$4,798,000

Est. payment - /mo

0.34 Acres Lot

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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Subdivision Oxnard: Other - 0031

MLS Listing ID V1-36716

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. 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

Area Vc31 - Oxnard - Northwest

Interior

Heating Wall Furnace

Cooling None

Fireplaces Type None

Fireplace No

Appliance Gas Range, Refrigerator

Exterior

Parking Features Garage

Garage Spaces 25.0

Garage Description 25.0

Fence Wrought Iron

Pool None

Community Features Biking, Park

View Y/N No

View None

Roof Type Composition

Total Parking Spaces 25

Private Pool No

Building

Lot Description Sprinklers None

Others

Senior Community No

Tax ID 2000151115

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Real Estate Owned

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Listed by Jason Liehr Beachside Partners (805) 406-6463, DRE #02152826

NEARBY SCHOOL & BUSINESS

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1315 Devonshire DR Oxnard, CA 93030