5
See all 5 photos
$3,050,000
Est. payment /mo
0.26 Acres Lot
Price Dropped by $50K
540 Cuesta Del Mar DR Oxnard, CA 93033
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
MLS Listing ID V1-37060
HOA Y/N No
Year Built 1964
Lot Size 0.260 Acres
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 - Southwest / Port Huenem
Interior
Heating Wall Furnace
Cooling None
Fireplaces Type None
Fireplace No
Laundry None
Exterior
Parking Features Carport
Fence Wrought Iron
Pool None
Community Features Street Lights, Sidewalks
View Y/N No
View None
Total Parking Spaces 18
Private Pool No
Building
Lot Description Sprinklers None
Others
Senior Community No
Tax ID 2220082035
Energy Description 6730.0
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
Listed by Craig Lieberman Apartment Investment Specialis #00682741
NEARBY SCHOOL & BUSINESS
GET MORE INFORMATION
Quick Search