1525 W 9th Street, Oxnard, California 93035

$2,890,000

Property Type

Residential Income

Building Size

6,440 sqft

City

Oxnard

Status

Active

12-unit multifamily property in central Oxnard surrounded primarily by single-family homes. Now offered at only 10.6 x rents! Situated on a spacious 19,096 SF lot, the property is configured as three detached single-story fourplex buildings, creating a low- density setting that is appealing to tenants.The property is composed of four (4) 2BD/1BA units and eight (8) 1BD/1BA units. There are separate electric and gas meters. An unused laundry room onsite provides added potential convenience for tenants. Nine of the twelve units have been renovated with quartz countertops, fresh kitchen cabinet covers and hardware, new vinyl flooring and updated bathrooms. Exterior improvements include a new asphalt driveway, fresh exterior paint, some dual pane windows and updated landscaping. There are 12 carport spaces at the rear of the property.Offered at 10.6x current rents, the property provides strong in-place cash flow supported by a history of high occupancy and consistent tenant demand. The attractive low- density layout of 1525 W 9th Street, combined with recent capital improvements and a strong operating history make this a compelling Oxnard investment opportunity.