1315 Devonshire Drive

Oxnard, CA 93030

$5,395,000
Price
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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...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.
  1. Listed by Nicholas Henry • DRE #01748131 • Beachside Partners

Property Details for 1315 Devonshire Drive

Subdivision Name
Oxnard: Other - 0031
Garage Spaces
25.00
View
None
LISTING UPDATED: 01/29/2025 03:49 PM

Property Details for 1315 Devonshire Drive

StatusActive
MLS #V1-27844
Days on Market22
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1964
Lot Size0.34 AC / 14,810 SF
CountyVentura County

Building Information for 1315 Devonshire Drive

Stories2Residences-Year Built1964Building Size-Lot Size0.34 AC / 14,810 SF

Property Information for 1315 Devonshire Drive

Summary
Location and General Information
  • Community Features: Biking
  • City: Oxnard
  • Cross Street: Ventura RD
  • Directions: Ventura Rd & Devonshire DR
  • Elementary School: Other
  • High School: Other
  • Area: VC31 - Oxnard - NW
  • MLSArea Minor: 00 - VENTURA
  • Unparsed Address: 1315 Devonshire Drive, OXNARD, CA 93030
Parking
  • Garage: Yes
  • Parking Features: Garages
Taxes and HOA Information
  • Association Fee: $.00
  • Professional Management Expense: $.00
  • Tax Other Annual Assessment Amount: $.00
Virtual Tour
  • Videos Count: 0
Property
Lot Information
  • Lot Features: Sprinklers None
  • Lot Size Acres: .34
  • Lot Size Square Feet: 14,810.00
  • Lot Size Area: 14,810.00
  • Lot Size Units: Square Feet
  • Parcel Number: 200-0-151-115
  • Zoning: R-3
  • Property Type: Residential Income
Property and Assessments
  • Common Walls: Detached/No Common Walls
  • Documents Count: 0
  • Property Attached: No
  • Year Built Source: Assessor
  • Senior Community: No
Utilities
  • Cooling: None
  • Cooling: No
  • Water Sewer Expense: $.00
Interior and Exterior Features
Exterior Features
  • Fencing: None
  • Pool Features: None
  • Pool Private: No
  • Pool: No
  • Spa Features: None
  • Spa: No
  • Stories Total: 2
Interior Features
  • Appliances: Refrigerator, Gas Oven
  • Total Bathrooms: 0
  • Fireplace Features: None
  • Fireplace: No
  • Heating: Wall Furnace
  • Heating: Yes
  • Laundry Features: Individual Room
  • View: No
Multi Family
Multi-Family Information
  • Gross Scheduled Income: $449,424.00
  • Net Operating Income: $270,081.00
  • Electric Expense: $.00
  • Insurance Expense: $.00
  • Number Of Buildings: 1
  • Number Of Units Total: 25
  • Operating Expense: $.00
  • Special Listing Conditions: Standard
  • Trash Expense: $.00
Rental
Rental Information
  • Rent Control: Yes

Property History for 1315 Devonshire Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1315 Devonshire Drive

Taxable ValueLand$1,207,278Additions$1,599,643Total$2,806,921
Tax Record2024$34,744 ($2,895 / month)
Home Facts
Total Finished SqFt11,999 SqFtAbove Grade Finished SqFt11,999 SqFtLot Size14,810 SqFtStyleMulti-Family Res (5+ Units)Year Built1964ZoningR3CountyVENTURAAPN200-0-151-115

Schools near 1315 Devonshire Drive

This home is within Oxnard Union High School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Sierra Linda Elementary School
PublicK to 5

Pacifica High School
Public9 to 12

Condor High
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1315 Devonshire Drive is a multi-family home for sale in Oxnard, CA 93030. This property was listed for sale on January 28, 2025 by Beachside Partners, it's currently listed at $5,395,000. It has been on the market for a total of 22 days and was last sold on April 18, 2013. This listing's school districts are Oxnard Union High School District, Oxnard School District. Nearby schools include Sierra Linda Elementary School, Fremont Academy of Environmental Science & Innovative Design and Pacifica High School. 1315 Devonshire Drive is a 0-bed, 0-bath, multi-family home built in 1964.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Beachside Partners, Nicholas Henry, DRE #01748131

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. 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. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.