Homes for sale - 220 S E ST, Oxnard, CA 93030

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Jordan & Kayleigh Bennett

jordan@jordanbennettonline.com +1(949) 282-9381

$ 2,195,000

Est. payment | -/mo

6,969 Sqft Lot

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$ 2,195,000

Est. payment | -/mo

Save

6,969 Sqft Lot

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision Henry T. Oxnard - 0320

MLS Listing ID V1-27264

HOA Y/N No

Year Built 1960

Lot Size 6,969 Sqft

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).

Location

State CA

County Ventura

Area Vc31 - Oxnard - Northwest

Interior

Heating Wall Furnace

Cooling None

Fireplaces Type None

Fireplace No

Appliance Gas Oven, Gas Water Heater

Laundry None

Exterior

Parking Features None

Fence None

Pool None

Community Features Urban

View Y/N No

View None

Total Parking Spaces 8

Private Pool No

Building

Lot Description Sprinklers None

Story 2

Others

Senior Community No

Tax ID 2020082110

Acceptable Financing Conventional, 1031 Exchange

Listing Terms Conventional, 1031 Exchange

Special Listing Condition Standard

Listed by Nicholas Henry • Beachside Partners

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Jordan & Kayleigh Bennett

REALTORS®, BROKER-OWNERS | Lic# 01850869 | 01929023

jordan@jordanbennettonline.com

+1(949) 282-9381

25950 Acero Cir # 100, Viejo, CA, 92691

220 S E ST Oxnard, CA 93030

Jordan & Kayleigh Bennett

Key Details

Location

Interior

Exterior

Building

Others

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220 S E ST