1315 Devonshire Drive, Oxnard, CA 93030
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- MLS#: V1-27844 ( )
- Street Address: 1315 Devonshire Drive
- Viewed: 8
- Price: $5,395,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1964
- Bldg sqft: 0
- Days On Market: 86
- Additional Information
- County: VENTURA
- City: Oxnard
- Zipcode: 93030
- Subdivision: Oxnard: Other 0031
- Provided by: Beachside Partners
- Contact: Nicholas Nicholas
- DMCA Notice
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Description25 unit Oxnard apartment building for sale located on a corner lot near Fremont Square shopping center, several medical clinics and schools as well as bus lines. 1315 Devonshire DR is a 2 story courtyard style property featuring (12) 1BD units and (13) studios along with garage parking. Roof has recently been replaced. Other recent improvements include the installation of seismic shutoff valves on gas meters, 2 new commercial grade water heaters and upgraded cold water line plumbing pipes (pipes were sandblasted and injected with epoxy liner). Separately metered for electricity and gas. There is an onsite laundry room. Offered at less than $216k/unit and a 5.0% CAP rate, 12.0 GRM on in place rents with upside on rental rates. Seller prefers to carry back a loan at 6.0% interest only offering a major cash flow benefit to new Buyer. The garages offer ADU conversion potential.
Property Location and Similar Properties
Features
Appliances
- Refrigerator
- Gas Oven
Assessments
- None
Association Fee
- 0.00
Common Walls
- No Common Walls
Cooling
- None
Electric Expense
- 0.00
Fencing
- None
Fireplace Features
- None
Fuel Expense
- 0.00
Garage Spaces
- 25.00
Heating
- Wall Furnace
Insurance Expense
- 0.00
Laundry Features
- Individual Room
Lockboxtype
- Call Listing Office
Lot Features
- Sprinklers None
Netoperatingincome
- 270081.00
Number Of Separate Electric Meters
- 25
Number Of Separate Gas Meters
- 25
Parcel Number
- 2000151115
Pool Features
- None
Professionalmanagementexpense
- 0.00
Sourcesystemid
- 2025012923304704682600...
Sourcesystemkey
- 20250129233047046826000000:CRF
Spa Features
- None
Subdivision Name Other
- Oxnard: Other - 0031
Totalexpenses
- 0.00
Trash Expense
- 0.00
View
- None
Water Sewer Expense
- 0.00
Year Built
- 1964
Year Built Source
- Assessor