220 S E Street

Oxnard, CA 93030

$2,195,000

List Price

N/A

bed Beds

shower Baths

N/A sqft

straighten / sqft

1960

calendar_month Built

Property Description

8-unit Oxnard apartment building located in the historic district with approved plans to build (2) new ADUs. Excellent investment opportunity to realize upside in rental rates on existing units along with taking baton from Seller to use city approved plans to build 2 additional studio units totaling 650 SF. Current Unit mix includes (1) 2BD/2BA, (2) 2BD/1BA and (5) 1BD/1BA units each with their own patio. Laundry room onsite, currently not in use, with new commercial grade water heater serving whole building. 4 of the units have been recently remodeled. Good downtown Oxnard location within walking distance to Plaza Park (home to farmers market and community events), Santa Clara Elementary School, Public Library, City Hall & Centennial Plaza - home to movie theaters, shops and restaurants.6.8% CAP rate can be achieved by the astute investor on market rents and assumed new ADU rents (assumes $200k+/- to build (2) studio ADU units totaling 650 SF which are projected to rent for $1700 apiece).

Listing Information

List Price $2,195,000
Status Active
MLS V127264
HOA $0
Type Residential Income
Year Built 1960
Lot Size 6,969
Structure Size N/A
Courtesy Of Beachside Partners
Listing Agent Nicholas Henry DRE#01748131

Interior Features

Laundry Information
Location(s) None
Total Bedroom
Bedrooms N/A
Fireplace Information
Features None
Cooling Type
Cooling Type None

Exterior Information

Maps

Listing information courtesy of: Nicholas Henry, Beachside Partners (805) 705-7311. *Based on information from the Association of REALTORS/Multiple Listing as of Dec 26th, 2024 at 9:25 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.