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$ 3,100,000
Est. payment | /mo
6 Beds
3 Baths
0.26 Acres Lot
$ 3,100,000
Est. payment | /mo
6 Beds
3 Baths
0.26 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 V1-37060
Bedrooms 6
Lot Size 0.260 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
This 14 unit apartment community in South Oxnard presents a compelling opportunity for investors seeking strong cash flow, stable operations, and long term value growth. Priced at $3,100,000 (approximately $221,430 per unit), the property generates an estimated $315,000 in annual gross income, resulting in a highly attractive Gross Rent Multiplier (GRM) of 9.9. The unit mix includes 10 one-bedroom units, 2 two-bedroom units, and 2 three-bedroom units, all surrounding a welcoming central courtyard. Over the past several years, the property has undergone approximately $263,300 in capital improvements, including the recent installation of bathroom exhaust fans in every unit to reduce moisture and improve long term durability. With major upgrades already completed and minimal property deferred maintenance, the next owner can expect stable operations and continued financial performance.
Location
State CA
County Ventura
Zoning Public Rec
Direction Located near the corner of Perkins Road and Cuesta Del Mar Drive.
Interior
Fireplace No
Exterior
View Y/N No
Others
Senior Community No
Tax ID 2220082035
Acceptable Financing Cash
Listing Terms Cash
Listed by Craig Lieberman, DRE#00682741 Apartment Investment Specialis
Nearby Locations
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