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$ 3,049,000
Est. payment | /mo
3 Beds
2 Baths
0.44 Acres Lot
$ 3,049,000
Est. payment | /mo
3 Beds
2 Baths
0.44 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID V1-37840
Bedrooms 3
Lot Size 0.438 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
1525 W 9th Street presents an opportunity to acquire a well-maintained 12-unit multifamily property in central Oxnard surrounded primarily by single-family homes. Situated on a spacious 19,096 SF lot, the property is configured as three detached single-story fourplex buildings, creating a low- density setting that is appealing to tenants.The property is composed of four (4) 2BD/1BA units and eight (8) 1BD/1BA units. There are separate electric and gas meters. An unused laundry room onsite provides added potential convenience for tenants. Nine of the twelve units have been renovated with quartz countertops, fresh kitchen cabinet covers and hardware, new vinyl flooring and updated bathrooms. Exterior improvements include a new asphalt driveway, fresh exterior paint, some dual pane windows and updated landscaping. There are 12 carport spaces at the rear of the property.Offered at a 5.9% capitalization rate, the property provides strong in-place cash flow supported by a history of high occupancy and consistent tenant demand. The attractive low- density layout of 1525 W 9th Street, combined with recent capital improvements and a strong operating history make this a compelling Oxnard investment opportunity.
Location
State CA
County Ventura
Zoning Public Rec
Direction Heading S on Ventura Rd turn left onto 9th St
Interior
Fireplace No
Exterior
View Y/N No
Others
Senior Community No
Tax ID 1830173305
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Jason Liehr, DRE#02152826 Beachside Partners
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