9
See all 9 photos
$2,195,000
Est. payment /mo
6,969 Sqft Lot
New
220 S E ST Oxnard, CA 93030
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UPDATED:
12/26/2024 09:25 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Henry T. Oxnard - 0320
MLS Listing ID V1-27264
HOA Y/N No
Year Built 1960
Lot Size 6,969 Sqft
Property Description
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).
Location
State CA
County Ventura
Area Vc31 - Oxnard - Northwest
Interior
Heating Wall Furnace
Cooling None
Fireplaces Type None
Fireplace No
Appliance Gas Oven, Gas Water Heater
Laundry None
Exterior
Parking Features None
Fence None
Pool None
Community Features Urban
View Y/N No
View None
Total Parking Spaces 8
Private Pool No
Building
Lot Description Sprinklers None
Story 2
Others
Senior Community No
Tax ID 2020082110
Acceptable Financing Conventional, 1031 Exchange
Listing Terms Conventional, 1031 Exchange
Special Listing Condition Standard
Lease Land No
Listed by Nicholas Henry • Beachside Partners
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