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5690 Cypress Rd 13 Unit Apartment Building $3,700,000 ($284,615/Unit) 10.59% Cap Rate Oxnard, CA 93033

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Investment Highlights

  • POTENTIAL USES | MULTIFAMILY RESIDENTIAL, CONDOMINIUMS, AFFORDABLE HOUSING
  • CROSS STREETS | HUENEME RD & CYPRESS RD
  • OPTION FOR COVERED LAND PLAY

Executive Summary

The Boyett team is excited to present a unique investment opportunity: A 49,658 Square Feet (1.14 AC) site, located in Oxnard California. This property presents a pristine canvas for innovative development, offering the chance to construct something extraordinary for the community while generating substantial returns. Located in the south of Oxnard, with many different use cases possible, this property offers a blank canvas for your vision, with the potential to create something truly remarkable. The property, zoned R3PD, allows for a variety of development options from a multifamily development, affordable housing, or Condominiums, the options are boundless. The buyer of this land has the freedom to create their dream project. Whether it is an apartment complex with ground floor retail, or any number of the commercial uses permitted. Don’t miss out on this exceptional opportunity to shape Oxnard’s real estate landscape

Property Facts

Price $3,700,000
Price Per Unit $284,615
Sale Type Investment
Cap Rate 10.59%
No. Units 13
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Low-Rise
Building Class C
Lot Size 1.14 AC
Building Size 8,257 SF
Average Occupancy 100%
No. Stories 1
Year Built 1950
Parking Ratio 1.82/1,000 SF
Zoning R3PD - high density residential

Property Taxes

Property Taxes

Parcel Number
223-0-041-030
Land Assessment
$591,897
Improvements Assessment
$236,756
Total Assessment
$828,653
  • Listing ID: 34558074

  • Date on Market: 1/21/2025

  • Last Updated:

  • Address: 5690 Cypress Rd, Oxnard, CA 93033

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