541 Cuesta Del Mar Drive, Oxnard, CA 93033
- $2,825,000
- Sold Price
- $2,825,000
- List Price
- $2,845,000
- Closing Date
- Dec 05, 2025
- Status
- CLOSED
- MLS#
- V1-31907
- Year Built
- 1962
- Lot Size
- 11,325
- Acres
- 0.26
- Lot Location
- Sprinklers None
- Days on Market
- 46
- Property Type
- Multifamily
- Neighborhood
- Oxnard: Other - 0033
Property Description
Price just reduced $150k! 14 unit apartment building in S Oxnard offered at a 6.8% cap rate, 9.4 x rents offering great cash flow day 1!! Significant recent improvements including new roof, fresh paint, landscaping, new LED lighting and security gages, combo door locks and new railing and support posts. 2 units have recently been remodeled. Building features (10) 1BD/1BA and (4) 2BD/1BA along with carport parking. There is an onsite laundry room not currently used that could produce additional income. 2 hot water heaters. Rental rates have an additional approximately 15% upside offering a new owner the opportunity to purchase a building that cash flows right away and will offer annual 4% increases for the next several years allowable under Oxnard local rent control ordinance.
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Additional Information
- Appliances
- Electric Range, Gas Range
- Pool Description
- None
- Heat
- Wall Furnace
- Cooling Description
- None
- View
- None
- Attached Structure
- Detached
- Number Of Units Total
- 14
- Gross Scheduled Income
- $303,288
- Parking Spaces
- 14
Listing courtesy of Listing Agent: Nick Henry (nick@beachsidepartners.com) from Listing Office: Beachside Partners.
Listing sold by Jerry Lopez from Bella Casa Real Estate
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.