Commercial For Sale | Multifamily | Apartment building / Low Rise / Garden Style / 1-3 stories high

1200 North H Street . Carriage Square , CA 93030

For sale 18 unit apartment building no rent control in Oxnard, California. For additional information regarding this transaction , please contact the listing agent, Glen Scher 818-212-2808 Glen.Scher@marcusmillichap.com

Posted: 10/01/2021 12:55 pm | On HOMEiZ: 945 days | Updated: 2 years ago | Views: 356

Location Map

Property Type

Sold

Property Price

$4350000
$4350000
01/01/2022
15,146.00 Sq. Ft.
$296
14695
1.5%
4.63%
$0
$201405
12.69
1.25%
$54375

Property Location & Description

For sale 18 unit apartment building no rent control in Oxnard, California. For additional information regarding this transaction , please contact the listing agent, Glen Scher 818-212-2808 Glen.Scher@marcusmillichap.com
Non Rent Control
A rare 18 unit investment opportunity located in the center of Oxnard, California. The city of Oxnard is not subject to any local rent control laws, so the property will only be subject to California's AB-1482, allowing the buyer to annually raise rents by 5% + CPI. 1200 North H Street offers a unique opportunity to acquire a prime 18 unit asset in a high barrier to entry Ventura County location. The 14,695 square feet building sits on a large 15,147 square foot lot (0.35 acres), and is made up of (9) 1 bed / 1 bath, (2 bed / 1 bath), and (4) 2 bed / 1.5 bath units. The property includes ample parking that is accessible from side and rear alleys.
Located in the center of Oxnard, California.
18
$241667
No.
Description
No. Units
Sq. Ft.
Avg. Mo. Rent
1.
1+1 
9 
 
$1427
2.
2+1 
5 
 
$1759
3.
2+2 
4 
 
$1851
4.
 
 
 
5.
 
 
 
200-0-392-345
R4
100%
Wood & Stucco
2
1968
Good
15% Upside in Rents
No Local Rent Control
Good Oxnard Location
Only Subject to AB-1482
elect Units Feature Balconies

Property Information

Sewer

Sewer System (Public)

Parking

Off-street
On-street
Assigned Parking
No Data

Investment Overview

Investor

Energy Efficiency

No
No Data
N/A
N/A
No
No
No
No

Neighborhood lifestyle

Urban Core

More information

Listing Info

Listing ID: 2893
Sold

For Sale

$4,350,000

Listing Presented by

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