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