6.2% CAP rate on current rents! A 1,305 SF commercial/restaurant building and fully renovated two-story 14-unit apartment building set on 10,000 SF lot near 5 points in Oxnard. The commercial building historically operated as a restaurant and is equipped with dining area, kitchen, food prep area, storage room and two restrooms along with floor drains. The current tenant operates as a prep kitchen that prepares meals for the agriculture contractors that provide immigrant field workers with daily meals. The two-story apartment building was converted from a motel and contains 14 studio units (one bathroom and one room) along with a common laundry room with two sets of washer/ dryers. 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.
FORECLOSURE
This listing may be a bank owned (foreclosed) property.
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DAYS ON MARKET
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14
|
LAST UPDATED
|
5/7/2024
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|
YEAR BUILT
|
1952
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COMMUNITY
|
Oxnard - Northwest
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COUNTY
|
Ventura
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STATUS
|
Active
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PROPERTY TYPE(S)
|
Commercial
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| AIR |
None |
| AREA |
Oxnard - Northwest |
| BUYER'S BROKERAGE COMPENSATION |
2.000 % |
| HEAT |
Electric |
| HOA DUES |
0 |
| LOT |
10000 acre(s) |
| LOT DESCRIPTION |
Sprinklers None |
| WATER |
Public |
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Listed with Beachside Partners
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