Homes for sale - 1315 Devonshire DR, Oxnard, CA 93030

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JLee Broker

[email protected] +1(650) 857-1000

Listed by Nicholas Henry • Beachside Partners

$5,217,000

Est. payment - /mo

0.34 Acres Lot

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Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRV1-27844

Originating Board California Regional MLS

Year Built 1964

Lot Size 0.340 Acres

Property Description

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 $209k/unit and a 5.2% CAP rate, 11.6 GRM with upside on rental rates. Seller willing to carry back a 50% LTV loan at 6.0% interest only offering a cash flow benefit to new Buyer. The garages offer ADU conversion potential.

Location

State CA

County Ventura

Area Vc31 - Oxnard - Northwest

Rooms

Kitchen Refrigerator, Oven - Gas

Interior

Heating Wall Furnace

Cooling None

Laundry In Laundry Room

Exterior

Garage Spaces 25.0

Pool 31, None

View None

Others

Tax ID 2000151115

Special Listing Condition Not Applicable

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JLee Broker

+1(650) 857-1000

Broker | License ID: 00851314

Broker License ID: 00851314

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1315 Devonshire DR Oxnard, CA 93030

JLee Broker

Key Details

Location

Rooms

Interior

Exterior

Others

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