220 S E Street, Oxnard CA, 93030

Active

220 S E Street

Oxnard CA, 93030

$2,095,000

$329.51 per sqft

Active

6,358 sqft

Residential

Built in 1960

Listed by Nicholas Henry with Beachside Partners (805) 705-7311

Price just reduced $100k! 8-unit Oxnard apartment building located in the historic district with approved plans to build (2) new ADUs. Excellent investment opportunity to realize upside in rental rates on existing units along with taking baton from Seller to use city approved plans to build 2 additional studio units totaling 650 SF. Current Unit mix includes (1) 2BD/2BA, (2) 2BD/1BA and (5) 1BD/1BA units each with their own patio. Laundry room onsite, currently not in use, with new commercial grade water heater serving whole building. 4 of the units have been recently remodeled. Good downtown Oxnard location within walking distance to Plaza Park (home to farmers market and community events), Santa Clara Elementary School, Public Library, City Hall & Centennial Plaza - home to movie theaters, shops and restaurants. Offered at 12.5 x current in place rents.7.2% CAP rate can be achieved by the astute investor on market rents and assumed new ADU rents (assumes $200k+/- to build (2) studio ADU units totaling 650 SF which are projected to rent for $1700 apiece).

V1-27264

MLSⓇ ID

December 25, 2024

Listed

January 19, 2025

Updated

Map

220 S E Street
Oxnard CA, 93030

Interior Features

Total Stories: 2
Appliances: Gas Oven, Gas Water Heater
Laundry Description: None
Fireplace: No
Fireplace Description: None
Cooling: No
Cooling Description: None
Heating: Yes
Heating Description: Wall Furnace

Exterior/Building Features

Lot Size: 0.16 Acres
Lot Features: Sprinklers None

Other Property Details

Area Name: VC31 - Oxnard - Northwest
Days on Market: 20
Garage: No
Parking: None
Parking Total: 8
View: No
View Description: None
County: Ventura
Pool: No
Pool Features: None

Listing History

Date	Event	Price
1/15/2025	Price change	$2,095,000 -5%

Listing Contact: (805) 453-5097

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 1/19/2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 1/19/2025 at 12:49 PM UTC