Homes for sale - 161 W juniper ST, Oxnard, CA 93033

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John Herkenrath

johnherkenrath@epiquerealty.com +1(310) 221-2910

$6,250,000

Est. payment - /mo

1.14 Acres Lot

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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Subdivision Oxnard: Other - 0033

MLS Listing ID V1-32732

HOA Y/N No

Year Built 1954

Lot Size 1.140 Acres

Property Description

Excellent opportunity to acquire a 24-unit Oxnard apartment building set on over 1 acre of land with ideal unit mix and significantlong-term upside in rental rates. 161 W Juniper ST is composed of (24) 2BD/1BA units with 24 garages and ample street parkingat the end of a cul-de-sac in a primarily SFR neighborhood. Located Just off Saviers Rd tenants enjoy convenient access to thenearby Walmart anchored Centerpoint Mall and Island Plaza while being walking distance to Santa Clara High School andHarrington Elementary School. The site is separately metered for gas and electricity and has individual water heaters. There are(2) onsite laundry rooms and the 24 garage spaces present a prime opportunity for ADU conversion. Units 1-4 in building #165have been rebuilt from the studs including electrical, plumbing, HVAC, and roof due to a fire on the property in 2022. Rents havehistorically been increased on the 1st of each calendar year marking consistency in rental rates throughout the property. Withnearly 25% upside in rental rates this property provides solid long term investment opportunity at a 5.5% CAP rate on Jan 1,2026 rents and an appealing 7.5% CAP rate on market rents.

Location

State CA

County Ventura

Area Vc33 - Oxnard - Southwest / Port Huenem

Interior

Heating Wall Furnace

Cooling None

Fireplaces Type None

Fireplace No

Laundry Common Area

Exterior

Parking Features Garage

Garage Spaces 24.0

Garage Description 24.0

Fence None

Pool None

Community Features Urban

View Y/N No

View None

Total Parking Spaces 24

Private Pool No

Building

Lot Description Sprinklers None

Story 2

Others

Senior Community No

Tax ID 2030292250

Acceptable Financing Conventional

Listing Terms Conventional

Special Listing Condition Standard

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Listed by Nick Henry Beachside Partners

"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

161 W juniper ST Oxnard, CA 93033