Property Details
About this Property
25-unit Oxnard apartment building for sale located on a corner lot near Fremont Square shopping center, several medical clinics and schools as well as bus lines. 1315 Devonshire DR is a 2-story courtyard style property featuring (12) 1BD units and (13) studios along with garage parking. Roof has recently been replaced. Other recent improvements include the installation of seismic shutoff valves on gas meters, 2 new commercial grade water heaters and upgraded cold water line plumbing pipes (pipes were sandblasted and injected with epoxy liner). Separately metered for electricity and gas. There is an onsite laundry room. Offered at less than $209k/unit and a 5.2% CAP rate, 11.6 GRM with upside on rental rates. Seller willing to carry back a 50% LTV loan at 6.0% interest only offering a cash flow benefit to new Buyer. The garages offer ADU conversion potential.
MLS Listing Information
MLS #
CRV1-27844
MLS Source
California Regional MLS
Days on Site
106
Interior Features
Appliances
Oven - Gas
Cooling
None
Heating
Wall Furnace
Parking, School, and Other Information
Garage/Parking
Garage: 25 Car(s)
HOA Fee
$0
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
1315 Devonshire Dr is a Residential Income in Oxnard, CA 93030. This – square foot property sits on a 14,810 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $5,217,000 and was built in 1964. This address can also be written as 1315 Devonshire Dr, Oxnard, CA 93030.
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This listing information is up-to-date as of April 30, 2025. For the most current information, please contact Nicholas Henry, (805) 705-7311
