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$ 5,395,000
Est. payment | /mo
0.34 Acres Lot
$ 5,395,000
Est. payment | /mo
0.34 Acres Lot
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
MLS Listing ID 25-456
Originating Board Santa Barbara Multiple Listing Service
Year Built 1964
Lot Size 0.340 Acres
Acres 0.34
Lot Dimensions 14810.0
Property Description
25-unit Oxnard apartment building for sale on a corner lot near Fremont Square shopping center, medical clinics, schools & business. Offered at less than $216k/unit and a 5.0% CAP rate, 12.0 GRM on in place rents with upside on rental rates. 1315 Devonshire DR is a 2-story courtyard style property w/ (12) 1BD units and (13) studios + garage parking. Roof recently replaced, seismic shutoff valves on gas meters added, 2 new commercial grade water heaters and upgraded cold water line plumbing pipes. Seller prefers to carry
back a loan at 6.0% interest only. Garages offer potential for ADU conversion (Buyer to verify)
back a loan at 6.0% interest only. Garages offer potential for ADU conversion (Buyer to verify)
Location
State CA
County Ventura
Exterior
Parking Features Garages
Garage Spaces 25.0
Total Parking Spaces 25
Garage Yes
Others
Tax ID 200-0-151-115
Acceptable Financing Ctnl
Listing Terms Ctnl
Listed by Beachside Partners
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