540 Cuesta Del Mar Drive, Oxnard, CA 93033
- $3,050,000
- List Price
- $3,050,000
- Price Change
- ▼ $50,000 1783131321
- Status
- ACTIVE
- MLS#
- V1-37060
- Year Built
- 1964
- Lot Size
- 11,325
- Acres
- 0.26
- Lot Location
- Sprinklers None
- Days on Market
- 43
- Property Type
- Multifamily
- Neighborhood
- Not Applicable
Property Description
This 14 unit apartment community in South Oxnard presents a compelling opportunity for investors seeking strong cash flow, stable operations, and long term value growth. Priced at $3,050,000 (approximately $217,857 per unit), the property generates an estimated $314,000 in annual gross income, resulting in a highly attractive Gross Rent Multiplier (GRM) of 9.7. The unit mix includes 10 one-bedroom units, 2 two-bedroom units, and 2 three-bedroom units, all surrounding a welcoming central courtyard. Over the past several years, the property has undergone approximately $263,300 in capital improvements, including the recent installation of bathroom exhaust fans in every unit to reduce moisture and improve long term durability. With major upgrades already completed and minimal property deferred maintenance, the next owner can expect stable operations and continued financial performance.
Additional Information
- Pool Description
- None
- Heat
- Wall Furnace
- Cooling Description
- None
- View
- None
- Attached Structure
- Detached
- Number Of Units Total
- 14
- Gross Scheduled Income
- $313,980
- Operating Expense
- 124529
Listing courtesy of Listing Agent: Craig Lieberman (craig@ais-realestate.com) from Listing Office: Apartment Investment Specialis.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.