1644 California Street, Oxnard, CA 93033

$4,700,000
43
BD
25
BA
21,362
SqFt
List Price
$4,700,000
Status
Active
MLS#
19455650
Year Built
1954
Bedrooms
43
Bathrooms
25
Living Sq. Ft
21,362
Lot Size
56,192
Days on Market
39
Property Type
Multifamily

Property Description

UPSIDE UPSIDE UPSIDE! We are pleased to present for sale a 25 unit value add opportunity located in the Cal-Gisler neighborhood of Oxnard. The property boasts an excellent unit mix of eighteen (18) 2 bd/1 ba and seven (7) 1 bd/1 ba. With NO-RENT CONTROL in the city of Oxnard, this property affords an investor the opportunity to capture more than 30% UPSIDE IN RENTS! Proforma cap of 7% and Gross Multiplier of 9.5! Under $200,000/door! Property has been well maintained: Newer roof and all the electrical was recently updated. The units are spacious, with an average size of 850 sqft. Each unit has an enclosed one-car garage for parking. Do not miss this opportunity to acquire a true value add property in the heart of Oxnard. Contact agent for more details!

Additional Information

Heat
Other
Cooling
Other
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Parking
Other

Mortgage Calculator

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Calculator source: Real Geeks

Courtesy of BRC Advisors- BH, Daniel Shamooelian - CA DRE#01984269

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