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Listed by Nick Henry • Beachside Partners
$ 2,845,000
Est. payment /mo
Price Dropped by $150K
541 Cuesta Del Mar DR Oxnard, CA 93033
0.26 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRV1-31907
Year Built 1962
Lot Size 0.260 Acres
Source California Regional MLS
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
Rooms
Kitchen Oven Range - Gas
Interior
Heating Wall Furnace
Cooling None
Laundry None
Exterior
Garage Spaces 14.0
Pool 31, None
View None
Others
Tax ID 2220081035
Special Listing Condition Not Applicable
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