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633 Meta Street

Oxnard, CA 93030

$1,995,000

| 4,097 sq. ft.

Status: Active Area: VC34 - Oxnard - Southeast
Year Built: 1961 MLS#: V1-33248

Description

14-unit apartment building + standalone commercial space near downtown Oxnard offered at 7.5% CAP / 8.9 GRM on current rents! This fully rented property includes a renovated 2-story 14-unit apartment building & a restaurant building. Apartment building totals 2,792 SF and contains all studio efficiency units (one bathroom and one room) along with a common laundry room with two sets of washer/dryers. Commercial building totals 1,305 SF and in past operated as a restaurant but current tenant operates as a prep kitchen that prepares and delivers meals to field workers at nearby farms. 18 uncovered parking spots. The apartment building has been completely updated over the past 6 years. This is a very efficient investment property offering some of the most affordable rents in the whole county. As such turnaround time is very short to rent out any apartment vacancies.

Features

    Appliances: None
    Fireplace Rooms: None
    Heating: Combination
    Cooling: None
    Structure Type: Other Association Amenities: N/A
    Pool Descriptions: None
    Price/sqft: $487
    Parking Spaces: 18
    Total Floors: 2

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