Sold for $1,701,000 on Feb 20, 2019
2101 San Marino Street offers an excellent opportunity to acquire a value-add Oxnard 8-unit apartment building with very desirable attributes. Features all 2 bed, 1 bath one-story units with laundry hookups, individual garages and considerable yard space that can easily be fenced in for individual outdoor space. Situated on a nearly 20, 000 SF corner lot. Conveniently located near shopping, schools and parks. 9 electric meters, 8 gas meters and 4 water meters. 2 units just remodeled with new vinyl plank flooring in kitchen, bath along with resurfaced hardwood floors in bedrooms and hall plus new kitchen cabinets, counter top and sink, interior paint, fresh plumbing/electrical fixtures, new wall heaters and stoves. Other 6 units occupied by long term tenants and offer rental upside upon completing similar improvements. Offered at a 5.2% Cap rate on current rents, 5.8% CAP on market rents.
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