633 meta Street new

Oxnard,CA 93030

$ 2245000

0 Bed

1 Bath

0 SqFt


Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID V1-30882

Property Sub-Type Res Income 2-4 Units

Property Description

14-unit apartment building + standalone commercial space near downtown Oxnard offered at 6.5% CAP / 10.0 GRM on current rents! This fully rented property includes a renovated 2-story 14-unit apartment building & a restaurant building. Originally built as a motel the apartment building totals 2,792 SF and contains all studio efficiency units (one bathroom and one room) along with a common laundry room with two sets of washer/dryers. Commercial building totals 1,305 SF and in past operated as a restaurant but current tenant operates as a prep kitchen that prepares meals for the agriculture contractors that provide field workers with daily meals. 18 uncovered parking spots. The apartment building has been completely updated over the past 6 years. This is a very efficient investment property offering some of the most affordable rents in the whole county. As such turnaround time is very short to rent out any apartment vacancies.

Location

State CA

County Ventura

Zoning Assessor

Exterior

View Y/N No

Building

Story 2

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