CA > Oxnard
Oxnard, CA 93033,161 W Juniper ST Street
Oxnard, CA 93033,161 W Juniper ST Street
Oxnard, CA 93033,161 W Juniper ST Street
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$6,250,000
Est. payment /mo
22,300 SqFt
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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 22,300 sqft

Price per Sqft $280

MLS Listing ID 25-3727

Year Built 1954

Lot Size 1.140 Acres

Acres 1.14

Lot Dimensions 49658.0

Source Santa Barbara Multiple Listing Service

Property Description

Excellent opportunity to acquire a 24-unit Oxnard apartment building set on over 1 acre of land. 161 W Juniper ST is composed of (24) 2BD/1BA units with 24 garages and ample street parking at the end of a cul-de-sac in a primarily SFR neighborhood. Tenants enjoy convenient access to the nearby Walmart anchored Centerpoint Mall and Island Plaza. There are (2) onsite laundry rooms and the 24 garage spaces present a prime opportunity for ADU conversion. Units 1-4 in building #165 have been rebuilt from the studs including electrical, plumbing, HVAC, and roof due to a fire on the property in 2022. With nearly 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

Others

Tax ID 203-0-292-250

Acceptable Financing Cash, Ctnl

Listing Terms Cash, Ctnl

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Listed by Beachside Partners
John Herkenrath

"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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