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$ 2,095,000
Est. payment | /mo
$ 2,095,000
Est. payment | /mo
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
MLS Listing ID 25-248
Originating Board Santa Barbara Multiple Listing Service
Year Built 1960
Property Description
8-unit Oxnard apartment building in the historic district with approved plans to build (2) new ADUs. 12.5 GRM based on current in place rents. Upside in rental rates on existing units w/ potential to take 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. 4 of the units have been recently remodeled. 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).
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. 4 of the units have been recently remodeled. 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).
Location
State CA
County Ventura
Others
Tax ID 202-0-082-110
Acceptable Financing Ctel
Listing Terms Ctel
Listed by Beachside Partners
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