REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Craig Lieberman • Apartment Investment Specialis
$ 3,050,000
Est. payment /mo
Price Dropped by $50K
540 Cuesta Del Mar Drive Oxnard, CA 93033
8,700 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 8,700 sqft
Price per Sqft $350
MLS Listing ID V1-37060
Year Built 1964
Lot Size 0.260 Acres
Source California Regional Multiple Listing Service (CRMLS)
Property Description
This 14 unit apartment community in South Oxnard presents a compelling opportunity for investors seeking strong cash flow, stable operations, and long term value growth. Priced at $3,050,000 (approximately $217,857 per unit), the property generates an estimated $314,000 in annual gross income, resulting in a highly attractive Gross Rent Multiplier (GRM) of 9.7. The unit mix includes 10 one-bedroom units, 2 two-bedroom units, and 2 three-bedroom units, all surrounding a welcoming central courtyard. Over the past several years, the property has undergone approximately $263,300 in capital improvements, including the recent installation of bathroom exhaust fans in every unit to reduce moisture and improve long term durability. With major upgrades already completed and minimal property deferred maintenance, the next owner can expect stable operations and continued financial performance.
Location
State CA
County Ventura
Area Vc33 - Oxnard - Sw / Ph
Interior
Heating Wall Furnace
Fireplaces Type None
Laundry None
Exterior
Parking Features Carport
Pool None
Community Features Sidewalks, Street Lights
View Y/N No
View None
Building
Lot Description Sprinklers None
Nearby Locations