161-166 W Juniper St - Apartments FOR SALE


Oxnard, CA 93033- Kamala Park
$6,250,000 USD
805-705-7311
161-166 W Juniper St, Oxnard, CA for Sale
$6,250,000 USD
Apartments - FOR SALE
1/3
null | 5.5% Cap Rate

161-166 W Juniper St
Oxnard, CA 93033
Kamala Park


HIGHLIGHTS

  • Excellent unit mix w/ all 2BD units set on 1.14 Acres
  • 24 Detached Garages Spaces offers ADU potential
  • 4 units fully rebuilt from studs in 2022
  • Near Walmart anchored CENTERPOINT MALL

OVERVIEW

Excellent opportunity to acquire a 24-unit Oxnard apartment building set on over 1 acre of land with ideal unit mix and significant long-term upside in rental rates. 161 W Juniper ST is composed of (24) 2BD/1BA units with 24 garages and ample street parking at the end of a cul-de-sac in a primarily SFR neighborhood. Located Just off Saviers Rd tenants enjoy convenient access to the nearby Walmart anchored Centerpoint Mall and Island Plaza while being walking distance to Santa Clara High School and Harrington Elementary School. The site is separately metered for gas and electricity and has individual water heaters. There are (2) onsite laundry rooms and the 24 garage spaces present a prime opportunity for ADU conversion. Units 1-4 in building #165 have been rebuilt from the studs including electrical, plumbing, HVAC, and roof due to a fire on the property in 2022. Rents have historically been increased on the 1st of each calendar year marking consistency in rental rates throughout the property. With nearly 25% upside in rental rates this property provides solid long term investment opportunity at a 5.5% CAP rate on Jan 1, 2026 rents and an appealing 7.5% CAP rate on market rents.

FOR SALE DETAILS

PRICE

$6,250,000 USD

PRICE/SF

$280 USD /SF

# OF UNITS

24

PRICE/UNIT

$260,417

CAP RATE

5.5%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

T&L Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1954

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.14 AC

LAND SF

49,658 SF

ZONING

R1, Oxnard

APN/PARCEL ID

203-0-292-250

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.