$1,200,000
Park Front Triplex. This well-located 3-unit income property is set directly across from a tree-lined park and just minutes to Oxnard beaches. Built in 1966, the property offers approximately 3,818 square feet on a 6,098 square foot lot. Each of the three units features a highly rentable 2 bed / 2 bath layout, a gas brick fireplace, private patio or balcony, and a one-car garage -- amenities that help attract and retain quality tenants. The property is fully occupied with established tenants and professional management in place. Current NOI is $43,626 with $67,788 in annual scheduled rent. A shared coin-operated laundry provides additional income and convenience.The park-front setting offers open views of mature trees and walkability, meaningful advantages that support tenant satisfaction. Conveniently located near schools, shopping, commuter routes, and just a short drive to the Oxnard beaches, the property benefits from consistent demand in Ventura County's coastal market. Ideal for a beginning or move-up investor looking to grow their portfolio with a manageable 3-unit property, this asset offers the opportunity to step into immediate income while building long-term equity in a popular coastal market. With dependable cash flow in place and room for rent alignment over time, 729-733 Ivywood provides both confidence today and potential for the years ahead.
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Listed by Toni Guy with BHHS California Properties (805) 677-7300
Property Type
Triplex
Status
Active
MLS Number
V1-34929
Year Built
1966
Lot Size
6,098 sq ft