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Listed by Craig Lieberman • Apartment Investment Specialis
$1,695,000
Est. payment /mo
14,810 SqFt
Pending
150 Johnson Road Oxnard, CA 93033
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Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 14,810 sqft
Price per Sqft $114
MLS Listing ID CRV1-28531
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1953
Lot Size 0.340 Acres
Property Sub-Type Other
Property Description
This six-unit apartment property, owned by the seller for more than 10 years, is located in the south part of Oxnard, just to the east of Saviers Rd (across from the DMV). The tenant community at the property has moved in to the property at various times throughout the years, but offers a buyer significant upside with its under market rents. As such, the new owner can expect several years of consistent rent increases at the maximum annual rent increase percentage under Oxnard's current Rent Stabilization Ordinance (RSO). For almost the entire length of ownership, the seller has been updating the property with quality materials and workmanship.
Location
State CA
County Ventura
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Laundry No Hookups
Exterior
View None
Building
Lot Description Other
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