540 Cuesta Del Mar Dr 14 Unit Apartment Building $3,050,000 ($217,857/Unit) 5.90% Cap Rate Oxnard, CA 93033

This 14 unit apartment community in South Oxnard presents a compelling opportunity for investors
seeking strong cash flow, stable operations, and long term value growth. Priced at $3,050,000
(approximately $217,857 per unit), the property generates an estimated $317,000 in annual gross
income, resulting in a highly attractive Gross Rent Multiplier (GRM) of 9.7—a metric rarely seen in
today’s market.
The property benefits from consistent 4% annual rent increases, aligned with Oxnard’s Rent
Stabilization Ordinance (RSO). These predictable increases support steady year over year revenue
growth and enhances long term cash flow. Even with the landlord covering all utility expenses,
the asset maintains a cap rate just under 6%, reflecting efficient operations and strong tenant
performance.
The unit mix includes 10 one-bedroom units, 2 two-bedroom units, and 2 three-bedroom units, all
surrounding a welcoming central courtyard. Over the past several years, the property has undergone approximately $263,300 in capital
improvements, including the recent installation of bathroom exhaust fans in every unit to reduce
moisture and improve long term durability. With major upgrades already completed and minimal
property deferred maintenance, the next owner can expect stable operations and continued
financial performance