220 South E Street
$2,195,000
—
6,358
6,358
$345
Description
8-unit Oxnard apartment building located in the historic district with approved plans to build (2) new ADUs. Excellent investment opportunity to realize upside in rental rates on existing units along with taking baton from Seller to use city approved plans to build 2 additional studio units totaling 650 SF. Current Unit mix includes (1) 2BD/2BA, (2) 2BD/1BA and (5) 1BD/1BA units each with their own patio. Laundry room onsite, currently not in use, with new commercial grade water heater serving whole...8-unit Oxnard apartment building located in the historic district with approved plans to build (2) new ADUs. Excellent investment opportunity to realize upside in rental rates on existing units along with taking baton from Seller to use city approved plans to build 2 additional studio units totaling 650 SF. Current Unit mix includes (1) 2BD/2BA, (2) 2BD/1BA and (5) 1BD/1BA units each with their own patio. Laundry room onsite, currently not in use, with new commercial grade water heater serving whole building. 4 of the units have been recently remodeled. Good downtown Oxnard location within walking distance to Plaza Park (home to farmers market and community events), Santa Clara Elementary School, Public Library, City Hall & Centennial Plaza - home to movie theaters, shops and restaurants.
6.8% CAP rate can be achieved by the astute investor on market rents and assumed new ADU rents (assumes $200k+/- to build (2) studio ADU units totaling 650 SF which are projected to rent for $1700 apiece).
6.8% CAP rate can be achieved by the astute investor on market rents and assumed new ADU rents (assumes $200k+/- to build (2) studio ADU units totaling 650 SF which are projected to rent for $1700 apiece).
- Listed by Nicholas Henry • DRE #01748131 • Beachside Partners
Property Details for 220 South E Street
Subdivision Name
Henry T. Oxnard - 0320
Garage Spaces.00
ViewNone
LISTING UPDATED: 12/26/2024 01:12 PM
Property Details for 220 South E Street
Status | Active |
---|---|
MLS # | V1-27264 |
Days on Market | 6 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1960 |
Lot Size | 0.16 AC / 6,969 SF |
County | Ventura County |
Building Information for 220 South E Street
Stories2Residences-Year Built1960Building Size-Lot Size0.16 AC / 6,969 SF
Property Information for 220 South E Street
Property History for 220 South E Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 220 South E Street
Taxable ValueLand$624,240Additions$1,123,470Total$1,747,710
Tax Record2024$21,597 ($1,800 / month)
Home Facts
Total Finished SqFt6,358 SqFtAbove Grade Finished SqFt6,358 SqFtLot Size6,969 SqFtStyleMulti-Family Res (5+ Units)Year Built1960ZoningR3CountyVENTURAAPN202-0-082-110
Schools near 220 South E Street
This home is within Oxnard Union High School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 8 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Curren Elementary School PublicK to 8 | ||
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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