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Listed by Nick Henry • Beachside Partners
$ 6,300,000
Est. payment | /mo
30,492 SqFt
$ 6,300,000
Est. payment | /mo
30,492 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 30,492 sqft
Price per Sqft $206
MLS Listing ID CRV1-33225
HOA Y/N No
Year Built 1960
Lot Size 0.700 Acres
Property Sub-Type Other
Source Datashare California Regional
Property Description
24-unit well maintained Oxnard apartment building with ideal unit mix in central location off Oxnard BLVD and W Gonzales RD across from Lowes offered at 11.4 x rents, 5.7% CAP rate. Significant recent capital expenditures invested into building including new roof, fresh exterior paint and majority of downstairs units replumbed. 560 W Gonzales RD features (6) 2BD/2BA, (6) 2BD/1BA and (12) 1BD/1BA apartments set on a 30,492 SF lot. The 32 garage spaces offer an excellent potential value add play for ADU conversion. Courtyard style 2-story building with laundry room and separately metered for gas and electric. Several units in rear have large decks. Solid long term investment opportunity for a well-located building with spacious units that will always be in high demand from tenants.
Location
State CA
County Ventura
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Laundry Other
Exterior
View None
Building
Lot Description Other
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Vander Meulen Real Estate Group
Broker, REALTOR® | Lic# 00842213 | Lic# 02150745