Juniper Apartments 161-166 W Juniper St 24 Unit Apartment Building $6,250,000 ($260,417/Unit) 5.50% Cap Rate Oxnard, CA 93033

Excellent opportunity to acquire a 24-unit Oxnard apartment building set on over 1 acre of land with ideal unit mix and significant
long-term upside in rental rates. 161 W Juniper ST is composed of (24) 2BD/1BA units with 24 garages and ample street parking
at the end of a cul-de-sac in a primarily SFR neighborhood. Located Just off Saviers Rd tenants enjoy convenient access to the
nearby Walmart anchored Centerpoint Mall and Island Plaza while being walking distance to Santa Clara High School and
Harrington 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 #165
have been rebuilt from the studs including electrical, plumbing, HVAC, and roof due to a fire on the property in 2022. Rents have
historically been increased on the 1st of each calendar year marking consistency in rental rates throughout the property. With
nearly 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.