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Listed by Nick Henry • Beachside Partners
$ 2,995,000
Est. payment /mo
New
541 Cuesta Del Mar Drive Oxnard, CA 93033
0.26 Acres Lot
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Subdivision Oxnard: Other - 0033
MLS Listing ID V1-31907
Year Built 1962
Lot Size 0.260 Acres
Property Description
14 unit apartment building in S Oxnard offered at a 6.4% cap rate, 9.9 x rents, based on rent increases that take effect Dec 1. Significant recent improvements including new roof, fresh paint, landscaping, new LED lighting and security gages, combo door locks and new railing and support posts. 2 units have recently been remodeled. Building features (10) 1BD/1BA and (4) 2BD/1BA along with carport parking. There is an onsite laundry room not currently used that could produce additional income. 2 hot water heaters. Rental rates have an additional approximately 15% upside offering a new owner the opportunity to purchase a building that cash flows day 1 and will offer annual 4% increases for the next several years allowable under Oxnard local rent control ordinance.
Location
State CA
County Ventura
Area Vc33 - Oxnard - Sw / Ph
Interior
Heating Wall Furnace
Fireplaces Type None
Laundry None
Exterior
Pool None
Community Features Urban
View Y/N No
View None
Building
Lot Description Sprinklers None