Oxnard, CA 93033,161 W juniper ST
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Oxnard, CA 93033,161 W juniper ST
Oxnard, CA 93033,161 W juniper ST
Oxnard, CA 93033,161 W juniper ST
Oxnard, CA 93033,161 W juniper ST
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Pinnacle Realty Advisors

Pinnacle Realty Advisors

+1(972) 338-5441
Listed by Nick Henry • Beachside Partners
$ 6,250,000
Est. payment /mo
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161 W juniper ST Oxnard, CA 93033

1 Sqft Lot


UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRV1-32732

Year Built 1954

Lot Size 1 Sqft

Source California Regional MLS

Property Description

Excellent opportunity to acquire a 24-unit Oxnard apartment building set on over 1 acre of land with ideal unit mix and significantlong-term upside in rental rates. 161 W Juniper ST is composed of (24) 2BD/1BA units with 24 garages and ample street parkingat the end of a cul-de-sac in a primarily SFR neighborhood. Located Just off Saviers Rd tenants enjoy convenient access to thenearby Walmart anchored Centerpoint Mall and Island Plaza while being walking distance to Santa Clara High School andHarrington Elementary School. The site is separately metered for gas and electricity and has individual water heaters. There are(2) onsite laundry rooms and the 24 garage spaces present a prime opportunity for ADU conversion. Units 1-4 in building #165have been rebuilt from the studs including electrical, plumbing, HVAC, and roof due to a fire on the property in 2022. Rents havehistorically been increased on the 1st of each calendar year marking consistency in rental rates throughout the property. Withnearly 25% upside in rental rates this property provides solid long term investment opportunity at a 5.5% CAP rate on Jan 1,2026 rents and an appealing 7.5% CAP rate on market rents.

Location

State CA

County Ventura

Area Vc33 - Oxnard - Southwest / Port Huenem

Rooms

Kitchen None

Interior

Heating Wall Furnace

Cooling None

Laundry Community Facility

Exterior

Parking Features Garage

Garage Spaces 24.0

Pool 31, None

View None

Others

Tax ID 2030292250

Special Listing Condition Not Applicable


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161 W juniper ST