Excellent opportunity to acquire a 24-unit Oxnard apartment building set on over 1 acre of land with ideal unit mix and significantlong-term upside in rental rates. 161 W Juniper ST is composed of (24) 2BD/1BA units with 24 garages and ample street parkingat the end of a cul-de-sac in a… Read More primarily SFR neighborhood. Located Just off Saviers Rd tenants enjoy convenient access to thenearby Walmart anchored Centerpoint Mall and Island Plaza while being walking distance to Santa Clara High School andHarrington Elementary School. The site is separately metered for gas and electricity and has individual water heaters. There are(2) onsite laundry rooms and the 24 garage spaces present a prime opportunity for ADU conversion. Units 1-4 in building #165have been rebuilt from the studs including electrical, plumbing, HVAC, and roof due to a fire on the property in 2022. Rents havehistorically been increased on the 1st of each calendar year marking consistency in rental rates throughout the property. Withnearly 25% upside in rental rates this property provides solid long term investment opportunity at a 5.5% CAP rate on Jan 1,2026 rents and an appealing 7.5% CAP rate on market rents. Read Less
Property listed by Beachside Partners, Nick Henry 805-626-0112
Listing Snapshot
Days Online
16
Last Updated
Property Type
Other
Lot Size
1.14 Acres
Year Built
1954
MLS Number
V1-32732
30 Days Snapshot Of 93033
$596k
-15%
(avg) sold price
11
-21%
homes sold
82
+20%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1954, 2 buildings, Common walls: NoCommonWalls
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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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