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Description Open House Details Location Schools Recent Sales
$4,798,000 Est. $17,668 / mo.*

1315 Devonshire Dr Oxnard , CA 93030

Courtesy of Beachside Partners 805-626-0112

Description

25 Units
Co Agent License#: 01748131
Property Type: Other
Status: Pending
Distressed: REO
Year Built: 1964
Days on Website: 84
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. The 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). The site is separately metered for electricity and gas. There is an onsite laundry room and the garages offer ADU conversion potential. Offered at $191k/unit and a 6.2% CAP rate, 10.2 GRM this is a compelling opportunity to own in a strong rental market with additional upside potential in rental rates.

Open House

Property Details and Features

Appliances & Equipment
"Range"
Bathrooms
2 total bathrooms
Bedrooms
1 total bedroom
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Tour This Home

Contact an Agent

Christopher Lechner

(562) 972-0388

Location

$4,798,000 -
1315 Devonshire Dr Oxnard , CA 93030
County: Ventura

Street View

Nearby Schools

Recent Sales in the Area