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Listed by Jason Liehr • Beachside Partners
$ 1,995,000
Est. payment /mo
Active Under Contract
633 Meta Street Oxnard, CA 93030
4,097 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 4,097 sqft
Price per Sqft $486
Subdivision Oxnard: Other - 0034
MLS Listing ID V1-33248
Year Built 1961
Lot Size 10,000 Sqft
Source California Regional Multiple Listing Service (CRMLS)
Property Description
14-unit apartment building + standalone commercial space near downtown Oxnard offered at 7.5% CAP / 8.9 GRM on current rents! This fully rented property includes a renovated 2-story 14-unit apartment building & a restaurant building. Apartment building totals 2,792 SF and contains all studio efficiency units (one bathroom and one room) along with a common laundry room with two sets of washer/dryers. Commercial building totals 1,305 SF and in past operated as a restaurant but current tenant operates as a prep kitchen that prepares and delivers meals to field workers at nearby farms. 18 uncovered parking spots. The apartment building has been completely updated over the past 6 years. This is a very efficient investment property offering some of the most affordable rents in the whole county. As such turnaround time is very short to rent out any apartment vacancies.
Location
State CA
County Ventura
Area Vc34 - Oxnard - Se
Interior
Heating Combination
Fireplaces Type None
Laundry Individual Room
Exterior
Parking Features Uncovered
Pool None
Community Features Urban
View Y/N No
View None
Building
Lot Description Sprinklers None