7.5% CAP! 15 UNITS MIXED-USE IN OXNARD 2 Properties Offered at $1,995,000 in Oxnard, CA

7.5% in place cap rate / 8.9 GRM for this 15-unit Mixed use investment property in Oxnard. Features (2) detached buildings set on a 10,000 SF lot including a fully renovated two-story 14-unit apartment building along with a restaurant building. The apartment building totals 2,792 SF and contains all studio efficiency units (one bathroom and one room) along with a common laundry room with two sets of washer/dryers. The commercial building totals 1,305 SF and in past operated as a restaurant but current tenant operates as a prep kitchen that prepares and delivers meals to field workers at nearby farms. The restaurant building has a dining area, kitchen, food prep area, storage room and two restrooms along with floor drains. 18 uncovered parking spaces in rear. Front and rear electronic gates provide privacy and security to its residents.
The apartment building has been completely updated over the past 6 years including new roof, fresh paint and fascia replacement, fumigation for pest treatment, new windows and doors, new main electrical panel and exterior LED lighting, new driveway and striping, new water heaters and various plumbing upgrades along with full remodel of interiors including new baths, flooring, lighting, electric heating units and kitchen counter and sink.