$1,701,000
$1,695,000
0.4%For more information regarding the value of a property, please contact us for a free consultation.
0.45 Acres Lot
SOLD DATE : 02/20/2019
Key Details
Sold Price $1,701,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Cal-Gisler - 0351
MLS Listing ID V0-218014144
Sold Date 02/20/19
HOA Y/N No
Year Built 1950
Lot Size 0.450 Acres
Property Description
2101 San Marino Street offers an excellent opportunity to acquire a value-add Oxnard 8-unit apartment building with very desirable attributes. Features all 2 bed, 1 bath one-story units with laundry hookups, individual garages and considerable yard space that can easily be fenced in for individual outdoor space. Situated on a nearly 20,000 SF corner lot. Conveniently located near shopping, schools and parks. 9 electric meters, 8 gas meters and 4 water meters. 2 units just remodeled with new vinyl plank flooring in kitchen, bath along with resurfaced hardwood floors in bedrooms and hall plus new kitchen cabinets, counter top and sink, interior paint, fresh plumbing/electrical fixtures, new wall heaters and stoves. Other 6 units occupied by long term tenants and offer rental upside upon completing similar improvements. Offered at a 5.2% Cap rate on current rents, 5.8% CAP on market rents.
Location
State CA
County Ventura
Area Vc34 - Oxnard - Southeast
Zoning R2
Interior
Fireplace No
Appliance NoHotWater
Exterior
Garage Spaces 8.0
Garage Description 8.0
Total Parking Spaces 8
Building
Story 1
Entry Level One
Level or Stories One
Others
Senior Community No
Tax ID 2040134010
Acceptable Financing Conventional
Listing Terms Conventional
Special Listing Condition Standard
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Bought with Thomas Sosa • Cornerstone Properties
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "