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.
Property Type(s):
Residential Income
|
Last Updated
|
1/29/2025
|
Tract
|
Oxnard: Other - 0031
|
|
Year Built
|
1964
|
Community
|
Oxnard - Northwest
|
|
Garage Spaces
|
25.0
|
County
|
Ventura
|
Additional Details
| AIR |
None |
| APPLIANCES |
Gas Oven, Refrigerator |
| AREA |
Oxnard - Northwest |
| GARAGE |
Yes |
| HEAT |
Wall Furnace |
| HOA DUES |
0 |
| LOT |
0.34 acre(s) |
| LOT DESCRIPTION |
Sprinklers None |
| POOL DESCRIPTION |
None |
| STORIES |
2 |
| SUBDIVISION |
Oxnard: Other - 0031 |
| VIEW DESCRIPTION |
None |
Location
Listed with Beachside Partners
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2025.
Request More Info
Schedule a Showing
Share
Print
Twitter
Facebook
Email