4- unit apartment complex in Oxnard. Rarely any vacancies in great rental area! Owner recently improved the exterior of the complex. Units are spacious. (1) 3-bedroom 2-bath unit with fireplace, garage and outdoor patio area; (2) 2-bedroom 2-bath units with patio and garages; and (1) 2-bedroom, 1-bathroom unit with deck and garage. Scheduled $87,480 annual gross income. Electricity and gas separately metered. Long term tenants on month to month and with rents well under market. Five (5) garage spaces total with direct access and laundry in garages which tenants enjoy. Check with city of Oxnard regarding garage conversion to possible additional unit.
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. 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). Separately metered for electricity and gas. There is an onsite laundry room. Offered at less than $216k/unit and a 5.0% CAP rate, 12.0 GRM on in place rents with upside on rental rates. Seller prefers to carry back a loan at 6.0% interest only offering a major cash flow benefit to new Buyer. The garages offer ADU conversion potential.
Prime Investment Opportunity!This unique property features three buildings with six units, totaling 2,375 square feet on a spacious 7,200-square-foot lot in Oxnard, California. Whether you're seeking rental income, a multigenerational living arrangement, or a blend of both, this property offers flexible options to meet your needs. Each cozy unit includes 1 bedroom and 1 bathroom, with some units recently receiving tasteful updates. The outdoor space boasts a large driveway, a flourishing orange tree, a dedicated dog run, and a well-stocked maintenance room. Convenient back-alley access provides additional parking and enhanced ease of use.Enjoy the freedom of no HOA fees or Mello Roos. Don't miss this incredible opportunity--
Price just reduced $100k! 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. Offered at 12.5 x current in place rents.7.2% 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).
The median home value in Oxnard, CA is $795,000. This is higher than the county median home value of $745,500. The national median home value is $338,100. The average price of homes sold in Oxnard, CA is $795,000. Approximately 50.74% of Oxnard homes are owned, compared to 41.78% rented, while 7.49% are vacant. Oxnard real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Oxnard real estate agent to arrange a tour today!
Oxnard, California 93030 has a population of 202,981. Oxnard 93030 is more family-centric than the surrounding county with 34.7% of the households containing married families with children. The county average for households married with children is 33.07%.
The median household income in Oxnard, California 93030 is $83,180. The median household income for the surrounding county is $94,150 compared to the national median of $69,021. The median age of people living in Oxnard 93030 is 33.1 years.
The average high temperature in July is 73.3 degrees, with an average low temperature in January of 45.7 degrees. The average rainfall is approximately 15.3 inches per year, with 0 inches of snow per year.