Active
220 S E Street
OXNARD CA, 93030
$2,095,000
Active
5 Beds
4 Baths
Residential
Built in 1960
Courtesy of Nick Henry, Beachside Partners
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).
25-248
MLSⓇ ID
January 17, 2025
Listed
January 17, 2025
Updated
Map
220 S E Street
OXNARD CA, 93030
Interior Features
Bedrooms
5
Total Bathrooms
4
Full Bathrooms
4
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
School Information
High School
Other
Elementary School
Other
Other Property Details
Area Name
00 - VENTURA
Days on Market
1
Garage
No
View
No
County
Ventura
Pool
No
Zoning
R-3
Listed by Beachside Partners, Nick Henry,
Listing Contact: [email protected]
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Data last updated 1:37 AM UTC, 1/17/2025
