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264 Johnson Road

Oxnard, CA 93033
  • $2,300,000
  • STATUS: Active
  • ON SITE: 20 days
  • ID#: V1-7058
UPDATED: 36 min ago
$2,300,000
  • 0
    BEDS
  • 0.54
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1935
County:

School Ratings & Info

Description

264 Johnson Road, Oxnard is part of a six-property Ventura County multifamily property portfolio, that has undergone extensive renovation, is being offered individually, or in any combination of one or more of the available six, the total units of which is 76. Currently, there are no vacancies, and all rents are at market rates. Those six properties, three of which are located in Oxnard, with the other three properties located in Saticoy, Santa Paula, and Fillmore. Their addresses, unit count and list prices follow: OXNARD -- 310 Hill Street, 20 units, $5,200,000; 309 Hill Street, 23 units and one leased store; 264 Johnson Road, 10 units, $5,300,000 VENTURA - 11412 Nardo Street, 6 units, $1,360,000 SANTA PAULA - 114 S. Olive Street, 6 units, $1,825,000 FILLMORE - 330-332 Fillmore Street, 10 units, $2,200,000. 264 Johnson Road, with an approximate 4,928 square-foot of net leasable area, is comprised of 10 units - six (6) one-bedroom, one-bathroom units; three (3) two-bedroom, one-bathroom units; and, one (1) three-bedroom, one-bathroom unit. In addition to the primary income generated from these residential units, additional income is generated from the garage on site. With gross annual income of $179,340, the property is being sold based on a 4.7% cap rate and a 12.8 GRM.

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Based on information from CRISNet MLS as of 2021-08-02T09:56:08.66. 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.

The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

Based on information from the i-Tech MLS as of 2021-08-02T09:56:08.66. 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/119243279
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264 Johnson Road Oxnard, CA 93033

  • Price: $2,300,000
  • Status: Active
  • Updated: 36 min ago
  • ID#: V1-7058
0
Beds
0
Baths
0
½ Baths
0.54
Acres
1935
Built
Neighborhood:
Not Applicable
County:
Ventura
Area:
Vc34 - Oxnard - Southeast
Property Description
264 Johnson Road, Oxnard is part of a six-property Ventura County multifamily property portfolio, that has undergone extensive renovation, is being offered individually, or in any combination of one or more of the available six, the total units of which is 76. Currently, there are no vacancies, and all rents are at market rates. Those six properties, three of which are located in Oxnard, with the other three properties located in Saticoy, Santa Paula, and Fillmore. Their addresses, unit count and list prices follow: OXNARD -- 310 Hill Street, 20 units, $5,200,000; 309 Hill Street, 23 units and one leased store; 264 Johnson Road, 10 units, $5,300,000 VENTURA - 11412 Nardo Street, 6 units, $1,360,000 SANTA PAULA - 114 S. Olive Street, 6 units, $1,825,000 FILLMORE - 330-332 Fillmore Street, 10 units, $2,200,000. 264 Johnson Road, with an approximate 4,928 square-foot of net leasable area, is comprised of 10 units - six (6) one-bedroom, one-bathroom units; three (3) two-bedroom, one-bathroom units; and, one (1) three-bedroom, one-bathroom unit. In addition to the primary income generated from these residential units, additional income is generated from the garage on site. With gross annual income of $179,340, the property is being sold based on a 4.7% cap rate and a 12.8 GRM.
Exterior Features

Fence YN No Fencing None Lot Features Sprinklers None Lot Size Area 23522.0000 Parking Features Garage Parking Total 2.00 Parking YN Yes View None View YN No

Interior Features

Appliances Gas Range Appliances YN Yes Common Walls No Common Walls Cooling None Cooling YN No Fireplace Features None Fireplace YN No Heating Wall Furnace Heating YN Yes Laundry Features Community Laundry YN Yes

Property Features

Community Features SidewalksStreet Lights Fuel Expense 459.00 Gross Income 179340.00 Gross Multiplier 12.80 Gross Scheduled Income 179340.00 Insurance Expense 2910.00 Land Lease YN No Net Operating Income 107114.00 Number Of Separate Electric Meters 10 Number Of Separate Gas Meters 10 Number Of Separate Water Meters 1 Operating Expense 66846.00 Pool Features None Pool Private YN No Property Attached YN No Rent Control YN Yes Senior Community YN No Spa Features None Spa YN No Special Listing Conditions Standard Subdivision Name Other Not Applicable Total Expenses 66846.00 Trash Expense 5022.00 Water Sewer Expense 6007.00

Listing provided courtesy of Craig Lieberman, CA DRE# , of Ais Property Management Services.


Based on information from CRISNet MLS as of 2021-08-02T09:56:08.66. 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.

The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

Based on information from the i-Tech MLS as of 2021-08-02T09:56:08.66. 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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