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Vista Colina 560 W Gonzales Rd 24 Unit Apartment Building $6,300,000 ($262,500/Unit) 5.69% Cap Rate Oxnard, CA 93036
Investment Highlights
- Ideal unit mix w/ spacious units
- New Roof, exterior painted, downstairs units replumbed
- 5.7% CAP on current rents
- 32 Garage Spaces
- Central location near Lowes, the Collection, Esplanade Shopping Center
Executive Summary
24-unit well maintained Oxnard apartment building with ideal unit mix in central location off Oxnard BLVD and W Gonzales RD across from Lowes. Significant recent capital expenditures invested into building including new roof, fresh exterior paint and downstairs units replumbed. 560 W Gonzales RD features (6) 2BD/2BA, (6) 2BD/1BA and (12) 1BD/1BA apartments set on a 30,492 SF lot. The 32 garage spaces offer an excellent potential value add play for ADU conversion. Courtyard style 2-story building with laundry room and separately metered for gas and electric. Several units in rear have large decks. Solid long term investment opportunity for a well-located building with spacious units that will always be in high demand from tenants.
Property Facts In Escrow
| Price | $6,300,000 | Apartment Style | Low-Rise |
| Price Per Unit | $262,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.69 AC |
| Cap Rate | 5.69% | Building Size | 22,267 SF |
| Gross Rent Multiplier | 11.4 | Average Occupancy | 100% |
| No. Units | 24 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1960 |
| Property Subtype | Apartment | ||
| Zoning | R3PD | ||
| Price | $6,300,000 |
| Price Per Unit | $262,500 |
| Sale Type | Investment |
| Cap Rate | 5.69% |
| Gross Rent Multiplier | 11.4 |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.69 AC |
| Building Size | 22,267 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1960 |
| Zoning | R3PD |
Amenities
Unit Amenities
- Kitchen
- Tub/Shower
Site Amenities
- Courtyard
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 12 | $10,814 | 1 |
| 2+1 | 6 | $7,017 | 1 |
| 2+2 | 6 | $7,726 | 1 |
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Property Taxes
| Parcel Number | 200-0-073-525 | Improvements Assessment | $1,442,597 |
| Land Assessment | $362,835 | Total Assessment | $1,805,432 |
Property Taxes
Parcel Number
200-0-073-525
Land Assessment
$362,835
Improvements Assessment
$1,442,597
Total Assessment
$1,805,432
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Vista Colina | 560 W Gonzales Rd
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