1525 W 9th St - Apartments FOR SALE


Oxnard, CA 93035- Sea Air
$3,049,000 USD
805-705-7311
1525 W 9th St, Oxnard, CA for Sale
$3,049,000 USD
Apartments - FOR SALE
1/2
null | 5.87% Cap Rate

1525 W 9th St
Oxnard, CA 93035
Sea Air


HIGHLIGHTS

  • (3) 1-story 4plexes on 19,096 SF lot
  • Majority of units updated
  • 11.2 GRM
  • Optional assumable loan available 3.74% w/ balance of $780k thru 1/1/29

OVERVIEW

1525 W 9th Street presents an opportunity to acquire a well- maintained 12-unit multifamily property in central Oxnard surrounded primarily by single-family homes. 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 a 5.9% capitalization rate, 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.

FOR SALE DETAILS

PRICE

$3,049,000 USD

PRICE/SF

$496 USD /SF

# OF UNITS

12

PRICE/UNIT

$254,083

CAP RATE

5.87%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1964

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.44 AC

LAND SF

19,097 SF

ZONING

R3, Oxnard

APN/PARCEL ID

183-0-173-305

ASK ABOUT THIS PROPERTY

Nick HenryBeachside Partners, Inc.More Info
805-705-7311

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Nick HenryBeachside Partners, Inc.More Info
805-705-7311

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.