Property Details
About this Property
8-unit Oxnard apartment building located in the historic district with approved plans to build (2) new ADUs. Excellent investment opportunity to realize upside in rental rates on existing units along with taking baton from Seller to use city approved plans to build 2 additional studio units totaling 650 SF. Current Unit mix includes (1) 2BD/2BA, (2) 2BD/1BA and (5) 1BD/1BA units each with their own patio. Laundry room onsite, currently not in use, with new commercial grade water heater serving whole building. 4 of the units have been recently remodeled. Good downtown Oxnard location within walking distance to Plaza Park (home to farmers market and community events), Santa Clara Elementary School, Public Library, City Hall & Centennial Plaza - home to movie theaters, shops and restaurants.6.8% CAP rate can be achieved by the astute investor on market rents and assumed new ADU rents (assumes $200k+/- to build (2) studio ADU units totaling 650 SF which are projected to rent for $1700 apiece).
MLS Listing Information
MLS #
CRV1-27264
MLS Source
California Regional MLS
Days on Site
8
Interior Features
Appliances
Other, Oven - Gas
Laundry
None
Cooling
None
Heating
Wall Furnace
Parking, School, and Other Information
Garage/Parking
No Parking, Garage: 0 Car(s)
HOA Fee
$0
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
220 S E St is a Residential Income in Oxnard, CA 93030. This – square foot property sits on a 6,969 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $2,195,000 and was built in 1960. This address can also be written as 220 S E St, Oxnard, CA 93030.
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This listing information is up-to-date as of December 26, 2024. For the most current information, please contact Nicholas Henry, (805) 705-7311
