1315 Devonshire DR Oxnard, CA 93030
Active
$5,395,000
25 Units
1 Beds
2 Baths
n/a Area(sq.ft.)
14,810 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| No data available in table | |||||||
| 0 | 0 | $ 0 | $ 0 | $ 0 | |||
| MLS #: | V1-27844VC |
| Days On Market: | 0 |
| County: | Ventura County |
| Property Type: | Residential Income |
| Price per unit: | $ 215,800 |
| Year Built: | 1964 |
Property Details
25-unit Oxnard apartment building for sale located on a corner lot near Fremont Square shopping center, several medical clinics and schools as well as bus lines. 1315 Devonshire DR is a 2-story courtyard style property featuring (12) 1BD units and (13) studios along with garage parking. Roof has recently been replaced. Other recent improvements include the installation of seismic shutoff valves on gas meters, 2 new commercial grade water heaters and upgraded cold water line plumbing pipes (pipes were sandblasted and injected with epoxy liner). Separately metered for electricity and gas. There is an onsite laundry room. Offered at less than $216k/unit and a 5.0% CAP rate, 12.0 GRM on in place rents with upside on rental rates. Seller prefers to carry back a loan at 6.0% interest only offering a major cash flow benefit to new Buyer. The garages offer ADU conversion potential.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Rent Control: | Yes |
| Total Annual Expense: | $ 0 |
| Net Operating Income: | $ 270,081 |
Structure
| Community Features: | Biking |
| View Description: | None |
Land & Parking
| Land Lease Type: | Fee |
| Total Parking: | 25 |
Interior
| Cooking Appliances: | Oven-Gas |
| AC/Cooling: | None |
| Equipment: | Refrigerator, Room |
| Heating: | Wall |
| Fireplace Rooms: | None |
| Laundry: | Room |
Exterior
| Pool: | No |
| Spa: | No |
Detailed Map
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Income
