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    1200 N H St

    Oxnard, CA 93030
    • $4,500,000
    • STATUS: Pending
    • ON SITE: 33 days
    • ID#: 21-755426
    Pending
    UPDATED: 215 min ago
    $4,500,000
    • 27
      BEDS
    • 0.35
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 14,695
      SQFT
    • $306
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1968
    County:

    School Ratings & Info

    Description

    We are pleased to present 1200 North H Street, a rare 18 unit investment opportunity located in the center of Oxnard, California. The city of Oxnard is not subject to any local rent control laws, so the property will only be subject to California's AB-1482, allowing the buyer to annually raise rents by 5% + CPI. 1200 North H Street offers a unique opportunity to acquire a prime 18 unit asset in a high barrier to entry Ventura County location. The 14,695 square feet building sits on a large 15,147 square foot lot (0.35 acres), and is made up of (9) 1 bed / 1 bath, (2 bed / 1 bath), and (4) 2 bed / 1.5 bath units. The property includes ample parking that is accessible from side and rear alleys. 1200 North Street is a stabilized asset that is fully occupied, providing several financing options while also offering good rental upside potential. The property lies in an strong Oxnard location, just 1.5 miles north of Downtown Oxnard, 2.5 miles south of The Collection, and just a short drive from the world-renowned Channel Islands beaches.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-08-03T23:42:33.353. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.theparsonsrealestateteam.com/homes/118880022
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    1200 N H St Oxnard, CA 93030

    • Price: $4,500,000
    • Status: Pending
    • Updated: 215 min ago
    • ID#: 21-755426
    27
    Beds
    0
    Baths
    0
    ½ Baths
    0.35
    Acres
    14,695
    SQFT
    $306
    $/SQFT
    1968
    Built
    Neighborhood:
    Oxnard - Northwest
    County:
    Ventura
    Area:
    Oxnard - Northwest
    Property Description
    We are pleased to present 1200 North H Street, a rare 18 unit investment opportunity located in the center of Oxnard, California. The city of Oxnard is not subject to any local rent control laws, so the property will only be subject to California's AB-1482, allowing the buyer to annually raise rents by 5% + CPI. 1200 North H Street offers a unique opportunity to acquire a prime 18 unit asset in a high barrier to entry Ventura County location. The 14,695 square feet building sits on a large 15,147 square foot lot (0.35 acres), and is made up of (9) 1 bed / 1 bath, (2 bed / 1 bath), and (4) 2 bed / 1.5 bath units. The property includes ample parking that is accessible from side and rear alleys. 1200 North Street is a stabilized asset that is fully occupied, providing several financing options while also offering good rental upside potential. The property lies in an strong Oxnard location, just 1.5 miles north of Downtown Oxnard, 2.5 miles south of The Collection, and just a short drive from the world-renowned Channel Islands beaches.
    Exterior Features

    Lot Size Area 15147 Other Structures None Parking Garage Covered Parking Total Parking 18

    Interior Features

    Baths Total 20.00 Cooling Other Equipment Other Heating Other

    Property Features

    Assessed Total Value 2007611 Gross Income 342900 Gross Operating Income 332613 Like Units1 9 Like Units2 5 Like Units3 4 Net Operating Income 205652.00 Number Of Buildings 1 Number Of Units 18 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 130862 Type Of Units Market Year Built Source Vendor Enhanced Zoning R4

    Listing provided courtesy of Filip Niculete DRE#01905352 of Marcus & Millichap.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-08-03T23:42:33.353. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    The Parsons Team | Keller Williams Realty
    251 S. Lake Ave #150
    Pasadena CA, 91101