220 S E Street, Oxnard, CA 93030 - Berkshire Hathaway HomeServices California Properties
Phone310-890-6928
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220 S E Street, Oxnard, CA 93030

$2,095,000 Approx. USD 0 beds, 0 baths
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Listing Agent


Nick Henry
Lic#: 01748131
Broker: Courtesy of Beachside Partners

Agent Remarks

8-unit Oxnard apartment building in the historic district with approved plans to build (2) new ADUs. 12.5 GRM based on current in place rents. Upside in rental rates on existing units w/ potential to take 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. 4 of the units have been recently remodeled. 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).

Listing Details

Property type: (Residential Income)
Status: Active
MLS# 25-248
Price: $2,095,000
Beds: 0
Baths: 0
Built in 1960
0.00 acres
Lot size: 0.0000
County: Ventura
Zoning: R-3
MLS area: 00 - VENTURA

Last Updated: 4/5/2025

 Days On Market (DOM): 103

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This listing belongs to the 00 - VENTURA MLS area

Lat/Long: 34.201212, -119.183218.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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