Oxnard CA Multi Family for Sale
$2,195,000
220 E Street Oxnard, CA 93030
- Type:
- Cluster
- Sq.Ft.:
- 6,358
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.16 Acres
- Year built:
- 1960
- Baths:
- MLS#:
- V1-27264
- Subdivision:
- Henry T. Oxnard - 0320
ADDITIONAL INFORMATION
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).
Oxnard Real Estate
The median home value in Oxnard, CA is $683,800. This is lower 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 $683,800. 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.
Oxnard Weather
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.