Price Reduced Listing
Description
12-unit multifamily property in central Oxnard surrounded primarily by single-family homes. Now offered at only 10.6 x rents! 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 10.6x current rents, 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.
Details
| MLS # | V1-37840 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1964 |
| Days On Site | 75 |
| Listing Provided By | Beachside Partners | Jason Liehr |
Features
| SQ Feet | 6,440 |
|---|---|
| Car Port | Yes |
| Units | 12 |
| Building(s) | 3 |
| Acreage | 0.44 |
| Property View | None |
Interior
| Cooling | None |
|---|---|
| Heating | None |
| Heating Yes / No | No |
| Cooling Yes / No | No |
| Appliances | Electric Range, Refrigerator |
| Fireplace Yes / No | No |
Exterior
| Lot Features | Sprinklers None |
|---|---|
| Fencing | Masonry, Wood, Wrought Iron |
Parking
| Parking Features | Carport |
|---|---|
| Garage Yes / No | No |
Location
| Community Features | Biking, Park, Sidewalks |
|---|
Area Information
| State | CA |
|---|---|
| County | Ventura |
| City | Oxnard |
| Zip Code | 93035 |
| Area | VC33 Oxnard Southwest | Port Huenem |
| Community Name | Oxnard: Other 0033 |
| Listing VS Median (in Oxnard: Other 0033) | |
Price: $2,890,000 low | high Med: $2,890,000 sqft: 6,440 low | high Med: 6,440 $ / sqft: $449 low | high Med: $449 On site: 75 low | high Med: 75 | |
Market Activity 93035
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Learn More About This Property
| State | CA |
|---|---|
| County | Ventura |
| City | Oxnard |
| Zip Code | 93035 |
| Area | VC33 Oxnard Southwest | Port Huenem |
| Community Name | Oxnard: Other 0033 |
| Listing VS Median (in Oxnard: Other 0033) | |
Price: $2,890,000 low | high Med: $2,890,000 sqft: 6,440 low | high Med: 6,440 $ / sqft: $449 low | high Med: $449 On site: 75 low | high Med: 75 | |