541 Cuesta Del Mar Dr - Apartments FOR SALE


Oxnard, CA 93033- South Winds
$2,995,000 USD
805-705-7311
541 Cuesta Del Mar Dr, Oxnard, CA for Sale
$2,995,000 USD
Apartments - FOR SALE
1/1
null | 6.37% Cap Rate

541 Cuesta Del Mar Dr
Oxnard, CA 93033
South Winds


HIGHLIGHTS

  • Cash Flow day 1 with 6.4% CAP rate, 9.9 GRM, on DEC 2025 rents
  • New roof, exterior paint, 2nd story railing, landscape, LED lighting and security gates
  • (4) 2BD/1BA, (10) 1BD/1BA

OVERVIEW

14 unit apartment building in S Oxnard offered at a 6.4% cap rate, 9.9 GRM, based on 4% rent increases that take effect Dec 1. Building has received a significant recent refresh 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.

FOR SALE DETAILS

PRICE

$2,995,000 USD

PRICE/SF

$356 USD /SF

# OF UNITS

14

PRICE/UNIT

$213,929

CAP RATE

6.37%

% LEASED

99%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,700 SF

ZONING

R3

APN/PARCEL ID

222-0-081-035

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 Policy.