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Listed by Jason Liehr, DRE #02152826 • Beachside Partners
$ 3,049,000
Est. payment | /mo
0.44 Acres Lot
$ 3,049,000
Est. payment | /mo
0.44 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRV1-37840
Year Built 1964
Lot Size 0.438 Acres
Source California Regional MLS
Property Description
1525 W 9th Street presents an opportunity to acquire a well-maintained 12-unit multifamily property in central Oxnard surrounded primarily by single-family homes. Situated on a spacious 19,096 SF lot, the property is configured as three detached single-story fourplex buildings, creating a low- density setting that is appealing to tenants.The property is composed of four (4) 2BD/1BA units and eight (8) 1BD/1BA units. There are separate electric and gas meters. An unused laundry room onsite provides added potential convenience for tenants. Nine of the twelve units have been renovated with quartz countertops, fresh kitchen cabinet covers and hardware, new vinyl flooring and updated bathrooms. Exterior improvements include a new asphalt driveway, fresh exterior paint, some dual pane windows and updated landscaping. There are 12 carport spaces at the rear of the property.Offered at a 5.9% capitalization rate, the property provides strong in-place cash flow supported by a history of high occupancy and consistent tenant demand. The attractive low- density layout of 1525 W 9th Street, combined with recent capital improvements and a strong operating history make this a compelling Oxnard investment opportunity.
Location
State CA
County Ventura
Area Vc33 - Oxnard - Southwest / Port Huenem
Rooms
Kitchen Oven Range - Electric, Refrigerator
Interior
Heating No Heating
Cooling None
Laundry Laundry Area
Exterior
Parking Features Carport
Garage Spaces 12.0
Pool 31, None
View None
Others
Tax ID 1830173305
Special Listing Condition Not Applicable
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