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1525 W 9th St
Oxnard, CA 93035
Multifamily Property For Sale
·
12 Units
Investment Highlights
- (3) 1-story 4plexes on 19,096 SF lot
- 11.2 GRM
- Majority of units updated
- Optional assumable loan available 3.74% w/ balance of $780k thru 1/1/29
Executive Summary
1525 W 9th Street presents an opportunity to acquire a well- maintained 12-unit multifamily property in central Oxnard surrounded primarily by single-family homes. 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 a 5.9% capitalization rate, 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.
Offered at a 5.9% capitalization rate, 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.
Property Facts
| Price Per Unit | $357,874 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.87% | Lot Size | 0.44 AC |
| Gross Rent Multiplier | 11.2 | Building Size | 6,151 SF |
| No. Units | 12 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1964 |
| Property Subtype | Apartment | Parking Ratio | 1.25/1,000 SF |
| Zoning | R3, Oxnard | ||
| Price Per Unit | $357,874 CAD |
| Sale Type | Investment |
| Cap Rate | 5.87% |
| Gross Rent Multiplier | 11.2 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.44 AC |
| Building Size | 6,151 SF |
| No. Stories | 1 |
| Year Built | 1964 |
| Parking Ratio | 1.25/1,000 SF |
| Zoning | R3, Oxnard |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | $3,099 CAD | - |
| 1+1 | 8 | $2,454 CAD | - |
Property Taxes
| Parcel Number | 183-0-173-305 | Improvements Assessment | $1,161,048 CAD |
| Land Assessment | $559,707 CAD | Total Assessment | $1,720,755 CAD |
Property Taxes
Parcel Number
183-0-173-305
Land Assessment
$559,707 CAD
Improvements Assessment
$1,161,048 CAD
Total Assessment
$1,720,755 CAD
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