CA > Oxnard
Oxnard, CA 93030,1315 Devonshire DR Drive
Oxnard, CA 93030,1315 Devonshire DR Drive
Oxnard, CA 93030,1315 Devonshire DR Drive
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$5,395,000
Est. payment /mo
0.34 Acres Lot
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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

MLS Listing ID 25-456

Originating Board Santa Barbara Multiple Listing Service

Year Built 1964

Lot Size 0.340 Acres

Acres 0.34

Lot Dimensions 14810.0

Property Description

25-unit Oxnard apartment building for sale on a corner lot near Fremont Square shopping center, medical clinics, schools & business. Offered at less than $216k/unit and a 5.0% CAP rate, 12.0 GRM on in place rents with upside on rental rates. 1315 Devonshire DR is a 2-story courtyard style property w/ (12) 1BD units and (13) studios + garage parking. Roof recently replaced, seismic shutoff valves on gas meters added, 2 new commercial grade water heaters and upgraded cold water line plumbing pipes. Seller prefers to carry
back a loan at 6.0% interest only. Garages offer potential for ADU conversion (Buyer to verify)

Location

State CA

County Ventura

Exterior

Parking Features Garages

Garage Spaces 25.0

Total Parking Spaces 25

Garage Yes

Others

Tax ID 200-0-151-115

Acceptable Financing Ctnl

Listing Terms Ctnl

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Listed by Beachside Partners
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"John takes great pride in helping his clients through every step of the buying and selling process. Leveraging two decades of experience in pre-construction, new home sales and market sales exclusive representation. his vast knowledge in brokering home sales within luxury communities and new developments has proven invaluable to his clients."

+1(310) 221-2910

johnherkenrath@epiquerealty.com

8383 Wilshire Blvd #800 Beverly Hills CA 90211

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