1315 Devonshire Dr
oxnard, CA 93030$5,395,000
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25-unit Oxnard apartment building for sale on a corner lot near Fremont Square shopping center, medical clinics, schools & business. Offered at less than $216k/unit and a 5.0% CAP rate, 12.0 GRM on in place rents with upside on rental rates. 1315 Devonshire DR is a 2-story courtyard style property w/ (12) 1BD units and (13) studios + garage parking. Roof recently replaced, seismic shutoff valves on gas meters added, 2 new commercial grade water heaters and upgraded cold water line plumbing pipes. Seller prefers to carry
back a loan at 6.0% interest only. Garages offer potential for ADU conversion (Buyer to verify)
Details
0.34 Private Acres Exterior Space
Investment
Built in 1964
MLS/Listing ID 25-456
2 Stories
25 Units
Listing Courtesy of BEACHSIDE PARTNERS, NICK HENRY - 805-705-7311
Source of Data: SANTA BARBARA MULTIPLE LISTING SERVICE