Silva Babaian  Realtor, Real Estate Agent, Granada Hills, CA

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    1315 Devonshire Drive, Oxnard, CA 93030
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    1315 Devonshire Drive
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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
    • California Regional MLS IDX
    • DMCA Notice
    • Description
      25 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.
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    Features
    Appliances
    1. Refrigerator
    2. Gas Oven
    Assessments
    1. None
    Association Fee
    1. 0.00
    Common Walls
    1. No Common Walls
    Cooling
    1. None
    Electric Expense
    1. 0.00
    Fencing
    1. None
    Fireplace Features
    1. None
    Fuel Expense
    1. 0.00
    Garage Spaces
    1. 25.00
    Heating
    1. Wall Furnace
    Insurance Expense
    1. 0.00
    Laundry Features
    1. Individual Room
    Lockboxtype
    1. Call Listing Office
    Lot Features
    1. Sprinklers None
    Netoperatingincome
    1. 270081.00
    Number Of Separate Electric Meters
    1. 25
    Number Of Separate Gas Meters
    1. 25
    Parcel Number
    1. 2000151115
    Pool Features
    1. None
    Professionalmanagementexpense
    1. 0.00
    Sourcesystemid
    1. 2025012923304704682600...
    Sourcesystemkey
    1. 20250129233047046826000000:CRF
    Spa Features
    1. None
    Subdivision Name Other
    1. Oxnard: Other - 0031
    Totalexpenses
    1. 0.00
    Trash Expense
    1. 0.00
    View
    1. None
    Water Sewer Expense
    1. 0.00
    Year Built
    1. 1964
    Year Built Source
    1. Assessor
    Headshot for Associate Silva Babaian
    1. Silva Babaian / Realtor
    2. Coldwell Banker Exclusive
    3. CalBRE Lic # 01365805
    4. Mobile: 818.414.6744
    5. Fax: 818.338.5836