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Listed by Jose Morales • eXp Realty of California, Inc
$ 1,495,000
Est. payment | /mo
0.8 Acres Lot
$ 1,495,000
Est. payment | /mo
0.8 Acres Lot
Key Details
Property Type Multi-Family, Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRV1-29273
Originating Board California Regional MLS
Year Built 1946
Lot Size 0.800 Acres
Property Description
Investor Special - 11 units on nearly 1 acre for under $136K per door, making this one of the best deals in town. Currently generating $9,550 per month in rental income ($114,600 annually), with current rents substantially below market value. Market rents are projected upwards of $17,900 per month ($214,800 annually), offering significant upside potential. Unit mix includes a detached 2 bed/1 bath main house, a detached 2 bed/1 bath unit behind the main house (second bedroom is small and may be considered a 1 bedroom), a detached 1 bed/1 bath manager's unit, five attached 1 bed/1 bath units, and three attached 2 bed/1 bath units (two with bedroom-to-bedroom walk-through layouts). Similar multi-unit properties in Oxnard are currently selling for $200K to $300K per door, while this one is offered at just under $136k per door. An excellent opportunity for cash flow and value-add repositioning.
Location
State CA
County Ventura
Area Vc36 - El Rio / Nyeland Acres
Interior
Cooling None
Laundry None
Exterior
Garage Spaces 11.0
Pool 31, None
View None
Others
Tax ID 1450212080
Special Listing Condition Not Applicable
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Ben Dodge
REALTOR® | Lic# DRE 01959374