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Listed by Craig Lieberman, DRE #00682741 • Apartment Investment Specialis
$ 3,100,000
Est. payment | /mo
0.26 Acres Lot
$ 3,100,000
Est. payment | /mo
0.26 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRV1-37060
Year Built 1964
Lot Size 0.260 Acres
Source California Regional MLS
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
Area Vc33 - Oxnard - Southwest / Port Huenem
Rooms
Kitchen None
Interior
Heating Wall Furnace
Cooling None
Laundry None
Exterior
Parking Features Carport
Garage Spaces 18.0
Pool 31, None
View None
Others
Tax ID 2220082035
Special Listing Condition Not Applicable
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