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Listed by Jason Liehr • Beachside Partners
$ 2,245,000
Est. payment /mo
Active
633 meta ST Oxnard, CA 93030
10,000 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRV1-30882
Year Built 1961
Lot Size 10,000 Sqft
Source California Regional MLS
Property Description
14-unit apartment building + standalone commercial space near downtown Oxnard offered at 6.5% CAP / 10.0 GRM on current rents! This fully rented property includes a renovated 2-story 14-unit apartment building & a restaurant building. Originally built as a motel the apartment building totals 2,792 SF and contains all studio efficiency units (one bathroom and one room) along with a common laundry room with two sets of washer/dryers. Commercial building totals 1,305 SF and in past operated as a restaurant but current tenant operates as a prep kitchen that prepares meals for the agriculture contractors that provide field workers with daily meals. 18 uncovered parking spots. The apartment building has been completely updated over the past 6 years. This is a very efficient investment property offering some of the most affordable rents in the whole county. As such turnaround time is very short to rent out any apartment vacancies.
Location
State CA
County Ventura
Area Vc31 - Oxnard - Northwest
Rooms
Kitchen None
Interior
Heating Electric
Cooling None
Laundry In Laundry Room
Exterior
Parking Features Uncovered Parking
Garage Spaces 18.0
Pool 31, None
View None
Others
Tax ID 2010272220
Special Listing Condition Not Applicable
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