Marcus & Millichap is pleased to present this ten (10) unit non rent controlled apartment building located at 5305 S J Street in Oxnard, CA. This rare Ventura County investment opportunity is located in south Oxnard, adjacent to the border of Port Hueneme, which consists of over 200,000 residents within the neighborhood. Oxnard is a combination of neighborhoods, and urban development focused on the downtown, coastline, and harbor areas.
This property was built in 1970, and consists of eight (8), one bedroom/one bathroom units, and two (2), two bedroom/one bathroom units. This property is situated on a 11,114 SF lot , and the building is a total of 7,852 SF per public record. This two-story apartment building features a pitched roof, on-site laundry facility, and 6 parking garages in the back. Each unit is separately metered for gas and electric. The units feature spacious layouts, ample closet space, and wall heaters/air conditioning.
With current rents on the high end, this property provides an excellent opportunity for an operator to receive a high yield at the beginning of ownership, and continue to increase rents over time. This property is in an excellent location within Ventura County, and is in close proximity to the beaches, public transportation, and major retail corridor.
