Active
1315 Devonshire Drive
Oxnard CA, 93030
$5,395,000
Active
Residential
Built in 1964
Listed by Nicholas Henry with Beachside Partners (805) 705-7311
25-unit Oxnard apartment building for sale located on a corner lot near Fremont Square shopping center, several medical clinics and schools as well as bus lines. 1315 Devonshire DR is a 2-story courtyard style property featuring (12) 1BD units and (13) studios along with garage parking. Roof has recently been replaced. Other recent improvements include the installation of seismic shutoff valves on gas meters, 2 new commercial grade water heaters and upgraded cold water line plumbing pipes (pipes were sandblasted and injected with epoxy liner). Separately metered for electricity and gas. There is an onsite laundry room. Offered at less than $216k/unit and a 5.0% CAP rate, 12.0 GRM on in place rents with upside on rental rates. Seller prefers to carry back a loan at 6.0% interest only offering a major cash flow benefit to new Buyer. The garages offer ADU conversion potential.
V1-27844
MLSⓇ ID
January 28, 2025
Listed
January 30, 2025
Updated
Map
1315 Devonshire Drive
Oxnard CA, 93030
Interior Features
Total Stories
2
Appliances
Gas Oven, Refrigerator
Laundry Description
Laundry Room
Fireplace
No
Fireplace Description
None
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Wall Furnace
Exterior/Building Features
Lot Size
0.34 Acres
Lot Features
Sprinklers None
Other Property Details
Area Name
VC31 - Oxnard - Northwest
Garage
Yes
Garage Spaces
25
Parking Total
25
View
No
View Description
None
County
Ventura
Pool
No
Pool Features
None
Listing Contact: (805) 453-5097
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Data last updated on 1/30/2025 at 12:38 AM UTC