Property Description

Price just reduced $150k allowing now for a 5.5% in place cap rate! 24-unit well maintained Oxnard apartment building with ideal unit mix in central location off Oxnard BLVD and W GonzalesRD across from Lowes. Significant recent capital expenditures invested into building including new roof, fresh exterior paint anddownstairs units replumbed. 560 W Gonzales RD features (6) 2BD/2BA, (6) 2BD/1BA and (12) 1BD/1BA apartments set ona 30,492 SF lot. The 32 garage spaces offer an excellent potential value add play for ADU conversion. Courtyard style 2-storybuilding with laundry room and separately metered for gas and electric. Individual water heaters. Several units in rear have large decks. Solid long terminvestment opportunity for a well-located building with spacious units that will always be in high demand from tenants.

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