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Listing 14 out of 34
Sold for $1,701,000 Sold

2101 San Marino Street
Oxnard, CA 93033

8 units | Multi Family Home
19602 sq ft lot - MLS# 218014144
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Sold

Sold for $1,701,000 on Feb 20, 2019

Description

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.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Sold
  • Listing Price: $1,695,000
  • County/Area: Ventura County
  • Zip Code: 93033
  • Year Built: 1950
  • Subdivision/Neighborhood: Cal-Gisler - 0351
  • Sq.Ft.: 6,332 sq ft
  • Stories: Ground Level
  • Units: 8 units
  • Bedrooms: 16
  • Full Baths: 8
  • Garage: 8-Car
  • Lot Size: 19602 sq ft lot
  • Baths: 8
  • Zoning: R2
  • # Separate Electric Meters: 9
  • # Separate Gas Meters: 8
  • # Separate Water Meters: 4
  • # of Units Leased: 8
  • Annual Gross Rent: 147600
  • Cap Rate %: 5.21
  • Common Walls: Attached
  • Dwelling Stories: 1
  • Dwelling Total Floors: 1
  • Gross Rent Multiplier: 11.48
  • Land Lease Type: Fee Simple
  • Landlord Pays For: Water
  • Lot SqFt: 19799
  • Master Area: Oxnard/Port Hueneme
  • Sold Price/SqFt: 268.64
  • Tenant Pays: Electricity, Gas
  • Unit 1 Furnished: Unfurnished
  • Unit 2 Furnished: Unfurnished
  • Unit-1 # of Baths: 1
  • Unit-1 # of Beds: 2
  • Unit-1 Monthly Rent: 3300
  • Unit-1 Rent/Month: 1650
  • Unit-1 Type: 2
  • Unit-2 # of Baths: 1
  • Unit-2 # of Beds: 2
  • Unit-2 Monthly Rent: 9000
  • Unit-2 Rent/Month: 1500
  • Unit-2 Type: 6
  • Sold Date: 2019-02-20
Courtesy of Beachside Partners

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EXIT CASTILLO REALTY
418 W. Third Street
Oxnard, CA 93030
Office: (805) 204-0920
Fax: (805) 483-3615
www.ExitCastilloRealty.com
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Thank you for visiting today. If this is your first visit, take your time and look around. We have plenty of information and resources available to you. If you are a return visitor, thank you. We would love to hear from you. We can serve all your real estate needs.

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