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Regency House 1315 Devonshire Dr 25 Unit Apartment Building $6,612,316 CAD ($264,493 CAD/Unit) 6.21% Cap Rate Oxnard, CA 93030
Investment Highlights
- Central courtyard setting
- 10.2 GRM, 6.2% CAP rate on current rents
- Corner lot across from Grocery Store anchored Fremont Square Shopping Center and intermediate school with bus stop in front of property
- Only $191k/unit
- Garage Parking, on-site laundry
Executive Summary
25-unit Oxnard apartment building for sale located on a corner lot near Fremont Square shopping center, several medical clinics and schools as well as bus lines. 1315 Devonshire DR is a 2-story courtyard style property featuring (12) 1BD units and (13) studios along with garage parking. The roof has recently been replaced. Other recent improvements include the installation of seismic shutoff valves on gas meters, 2 new commercial grade water heaters and upgraded cold water line plumbing pipes (pipes were sandblasted and injected with epoxy liner). The site is separately metered for electricity and gas. There is an onsite laundry room and the garages offer ADU conversion potential. Offered at $191k/unit and a 6.2% CAP rate, 10.2 GRM this is a compelling opportunity to own in a strong rental market with additional upside potential in rental rates.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $6,612,316 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $264,493 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.34 AC |
| Cap Rate | 6.21% | Building Size | 11,999 SF |
| Gross Rent Multiplier | 10.2 | No. Stories | 2 |
| No. Units | 25 | Year Built | 1964 |
| Property Type | Multifamily | Parking Ratio | 2.08/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R3 | ||
| Price | $6,612,316 CAD |
| Price Per Unit | $264,493 CAD |
| Sale Type | Investment |
| Cap Rate | 6.21% |
| Gross Rent Multiplier | 10.2 |
| No. Units | 25 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 11,999 SF |
| No. Stories | 2 |
| Year Built | 1964 |
| Parking Ratio | 2.08/1,000 SF |
| Zoning | R3 |
Amenities
Unit Amenities
- Heating
- Refrigerator
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 13 | - | - |
| 1+1 | 12 | - | - |
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 200-0-151-115 | Improvements Assessment | $2,258,558 CAD |
| Land Assessment | $1,704,574 CAD | Total Assessment | $3,963,132 CAD |
Property Taxes
Parcel Number
200-0-151-115
Land Assessment
$1,704,574 CAD
Improvements Assessment
$2,258,558 CAD
Total Assessment
$3,963,132 CAD
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Regency House | 1315 Devonshire Dr
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