633 Meta Street, Oxnard, CA 93030

$2,350,000
List Price
$2,350,000
Status
ACTIVE
MLS#
V1-22165
Year Built
1952
Lot Size
10,000
Acres
0.23
Lot Location
Sprinklers None
Days on Market
55
Property Type
Multifamily
Property Sub Type
Apartment
Stories
Two Levels
Neighborhood
Not Applicable

Property Description

Mixed use investment opportunity set on 10,000 SF lot near 5 Points in Oxnard featuring (2) detached buildings including a fully renovated two-story 14-unit apartment building along with a restaurant building. Only apartment building in Ventura Co available for a 6% Cap rate on current rents! Originally built as a motel the apartment building totals 2,792SF and contains all studio efficiency units (one bathroom and one room) along with a common laundry room with two sets of washer/ dryers. The commercial building totals 1,305 SF and in past operated as a restaurant but current tenant operates as a prep kitchen that prepares meals for the agriculture contractors that provide immigrant field workers with daily meals. The restaurant building has a dining area, kitchen, food prep area, storage room and two restrooms along with floor drains. 18 uncovered parking spaces in rear. Front and rear electronic gates provide privacy and security to its residents. The apartment building has been completely updated over the past 5 years including new roof, fresh paint and fascia replacement, fumigation for pest treatment, new windows and doors, new main electrical panel and exterior LED lighting, new driveway and striping, new water heaters and various plumbing upgrades along with full remodel of interiors including new baths, flooring, lighting, electric heating units and kitchen counter and sink.

Additional Information

Pool Description
None
Heat
Electric
Cooling Description
None
View
None
Sewer
Public Sewer
Water
Public
Attached Structure
Detached
Number Of Units Total
15
Gross Scheduled Income
$215,160

Listing courtesy of Listing Agent: Nicholas Henry (nick@beachsidepartners.com) from Listing Office: Beachside Partners.

Mortgage Calculator

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.