220 S E Street

Oxnard, CA 93030

  • 0 Bed(s)
  • 0 Bath(s)
  • 6,358 Sqft
  • 6969
    Sqft(Lot)
$2,095,000

Description

Price just reduced $100k! 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. offered at 12.5 x current in place rents.7.2% 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).

  • Property Type

    Residential Income

  • County

    Ventura

  • Style

    Residential Income

  • AD ID

    48165370

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Property Details

  • Bathroom Information

    • Total Baths: 0

    Interior Features

    • Property Appliances: Gas Oven,Gas Water Heater
    • Fireplace: None

    Cooling Features

    • None
    • Air Conditioning

    Heating Source

    • Wall Furnace
    • Has Heating

    Fireplace

    • Fireplace Features: None
    • Has Fireplace: 0

  • Building Information

    • Year Built: 1960
    • Building Area Total: 6,358

    Pool Features

    • None

    Laundry Features

    • None

    Fencing

    • None

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.16
    • Lot Size Source: Vendor Enhanced
    • Lot Size Square Feet: 6969

  • Listing Price Information

    • Original List Price: 2,095,000
    • Listing Contract Date: 2024-12-26

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 2020082110

  • Garage and Parking

    • Garage Description: None

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: VC31 - Oxnard - Northwest
    • Directions: South E ST and 2nd
    • Source Property Type: Residential Income
    • Area: VC31 - Oxnard - Northwest

    Building and Construction

    • Property Age: 65
    • Common Walls: No Common Walls
    • Year Built Source: Assessor
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BuyOwner last updated this listing 01/21/2025 @ 19:13

  • MLS: V1-27264
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 6,358 sqft, 6,969 sized lot, and 0 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Oxnard , in zip code 93030, this Ventura County Home , it is in the Daily Ranch - 5276 Subdivision, are nearby neighborhoods.