161 W juniper Street, Oxnard, CA 93033

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Glen Henderson

[email protected] +1(619) 889-7646

$6,250,000

Est. payment - /mo

4 Beds

1.14 Acres Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Pending

Purchase Type For Sale

MLS Listing ID V1-32732

Bedrooms 4

Lot Size 1.140 Acres

Property Sub-Type Res Income 2-4 Units

Property Type Res Income 2-4 Units

Property Description

Excellent opportunity to acquire a 24-unit Oxnard apartment building set on over 1 acre of land with ideal unit mix and significantlong-term upside in rental rates. 161 W Juniper ST is composed of (24) 2BD/1BA units with 24 garages and ample street parkingat the end of a cul-de-sac in a primarily SFR neighborhood. Located Just off Saviers Rd tenants enjoy convenient access to thenearby Walmart anchored Centerpoint Mall and Island Plaza while being walking distance to Santa Clara High School andHarrington Elementary School. The site is separately metered for gas and electricity and has individual water heaters. There are(2) onsite laundry rooms and the 24 garage spaces present a prime opportunity for ADU conversion. Units 1-4 in building #165have been rebuilt from the studs including electrical, plumbing, HVAC, and roof due to a fire on the property in 2022. Rents havehistorically been increased on the 1st of each calendar year marking consistency in rental rates throughout the property. Withnearly 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

Zoning Assessor

Direction off Saviers & Channel Islands BLVD

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Tax ID 2030292250

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Listed by Nick Henry Beachside Partners

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Glen Henderson

+1(619) 889-7646

Broker Associate | CA BRE #01384181

Broker Associate CA BRE #01384181

San Diego Communities

161 W juniper Street Oxnard, CA 93033

Glen Henderson

Key Details

Location

Interior

Exterior

Building

Others

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