1315 Devonshire Drive,Oxnard, CA 93030
Oxnard, CA 93030
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. 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.
Details
| MLS # | V1-36716 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1964 |
| Days On Site | 92 |
| Listing Provided By | Beachside Partners | Jason Liehr |
Features
| SQ Feet | 11,999 |
|---|---|
| Garage | 25 |
| Units | 25 |
| Building(s) | 1 |
| Acreage | 0.34 |
| Property View | None |
Interior
| Cooling | None |
|---|---|
| Heating | Wall Furnace |
| Heating Yes / No | Yes |
| Cooling Yes / No | No |
| Appliances | Gas Range, Refrigerator |
| Fireplace Yes / No | No |
Exterior
| Roof | Composition |
|---|---|
| Construction Materials | Concrete |
| Lot Features | Sprinklers None |
| Fencing | Wrought Iron |
Parking
| Parking Features | Garage |
|---|---|
| Garage Yes / No | Yes |
Location
| Community Features | Biking, Park |
|---|
Area Information
| State | CA |
|---|---|
| County | Ventura |
| City | Oxnard |
| Zip Code | 93030 |
| Area | VC31 Oxnard Northwest |
| Community Name | Oxnard: Other 0031 |
| Listing VS Median (in Oxnard: Other 0031) | |
Price: $4,798,000 low | high Med: $514,450 sqft: 11,999 low | high Med: 835 $ / sqft: $400 low | high Med: $658 On site: 92 low | high Med: 82.5 | |
Market Activity 93030
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Learn More About This Property
| State | CA |
|---|---|
| County | Ventura |
| City | Oxnard |
| Zip Code | 93030 |
| Area | VC31 Oxnard Northwest |
| Community Name | Oxnard: Other 0031 |
| Listing VS Median (in Oxnard: Other 0031) | |
Price: $4,798,000 low | high Med: $514,450 sqft: 11,999 low | high Med: 835 $ / sqft: $400 low | high Med: $658 On site: 92 low | high Med: 82.5 | |