9-unit well maintained Oxnard apartment building with ideal unit mix located close to schools, parks, shopping, Navy Base and deepwater Port. Features secure gated entry with (2) 2BD/2BA, (6) 2BD/1BA and (1) 1BD/1BA units totaling 7,764 SF on 9,583 SF lot. 2 garages in front and carports in rear offer ADU conversion potential. The 2 garages, currently used by owner, will be delivered vacant offering immediate upside to rent out or pursue ADU conversion. Separately metered for electricity and gas. Onsite laundry room. Dual pane windows in place and building recently painted. Other improvements include new exterior lighting, new hot and cold water lines on several units and several interiors updated over last few years. Offered at 11.4 x current rents and a 5.2% cap rate.
Lechavarria@onthegorealestate.com
