1315 Devonshire Dr

Oxnard CA 93030

14810 sq. ft.

Multi-Family

Currently for sale - view listing

Overview

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. The 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). The site is separately metered for electricity and gas. There is an onsite laundry room and the garages offer ADU conversion potential. Offered at $191k/unit and a 6.2% CAP rate, 10.2 GRM this is a compelling opportunity to own in a strong rental market with additional upside potential in rental rates.

Features

1 bedroom

2 bathrooms

14810 sq. ft. lot size

Multi-Family

Property history for 1315 Devonshire Dr

2013

Sold

$2,325,000

18 Apr 2013 by Craig Lieberman, of Apartment Investment Specialists, Inc.

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Local market activity for 1 bedroom multi families in Oxnard

Sold

For Sale

View the listing for inspection times, agent contact details, and more.

Jason Liehr

at Beachside Partners

View listing

Sales:: (619) 566-0008

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