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Multifamily

1200 North H St

1200 N H St, Oxnard, CA 93030

Listing Price: $4,500,000

Cap Rate
4.57%
Number of Units
18
Occupancy
100.0%
Price/Unit
$250,000
Price/Gross SF
$306.23
Gross SF
14,695

Investment Overview

Marcus & Millichap is pleased to present 1200 North H Street, a rare 18 unit investment opportunity located in the center of Oxnard, California. The city of Oxnard is not subject to any local rent control laws, so the property will only be subject to California's AB-1482, allowing the buyer to annually raise rents by 5% + CPI. 1200 North H Street offers a unique opportunity to acquire a prime 18 unit asset in a high barrier to entry Ventura County location. The 14,695 square feet building sits on a large 15,147 square foot lot (0.35 acres), and is made up of (9) 1 bed / 1 bath, (2 bed / 1 bath), and (4) 2 bed / 1.5 bath units. The property includes ample parking that is accessible from side and rear alleys. 1200 North Street is a stabilized asset that is fully occupied, providing several financing options while also offering good rental upside potential. The property lies in an strong Oxnard location, just 1.5 miles north of Downtown Oxnard, 2.5 miles south of The Collection, and just a short drive from the world-renowned Channel Islands beaches. 1200 North H Street is surrounded by major new developments that are currently shaping a revitalized Oxnard economy, including the brand new 1.5 million square feet Amazon fulfillment center (4.5 miles), the Wagon Wheel master planned community (2.4 miles), and the Collection at River Park master planned community, among several other commercial, residential, industrial, and hotel developments in planning and under construction.

Investment Highlights

  • Built in 1968
  • Good Oxnard Location
  • About 15% Upside in Rents
  • No Local Rent Control
  • Only Subject to AB-1482
  • Select Units Feature Balconies
  • Laundry Room On-Site
  • Close to Major New Projects

Exclusively Listed By

Financing By

Listing Price: $4,500,000

Cap Rate
4.57%
Number of Units
18
Occupancy
100.0%
Price/Unit
$250,000
Price/Gross SF
$306.23
Gross SF
14,695

Investment Highlights

  • Built in 1968
  • Good Oxnard Location
  • About 15% Upside in Rents
  • No Local Rent Control
  • Only Subject to AB-1482
  • Select Units Feature Balconies
  • Laundry Room On-Site
  • Close to Major New Projects

Investment Overview

Marcus & Millichap is pleased to present 1200 North H Street, a rare 18 unit investment opportunity located in the center of Oxnard, California. The city of Oxnard is not subject to any local rent control laws, so the property will only be subject to California's AB-1482, allowing the buyer to annually raise rents by 5% + CPI. 1200 North H Street offers a unique opportunity to acquire a prime 18 unit asset in a high barrier to entry Ventura County location. The 14,695 square feet building sits on a large 15,147 square foot lot (0.35 acres), and is made up of (9) 1 bed / 1 bath, (2 bed / 1 bath), and (4) 2 bed / 1.5 bath units. The property includes ample parking that is accessible from side and rear alleys. 1200 North Street is a stabilized asset that is fully occupied, providing several financing options while also offering good rental upside potential. The property lies in an strong Oxnard location, just 1.5 miles north of Downtown Oxnard, 2.5 miles south of The Collection, and just a short drive from the world-renowned Channel Islands beaches. 1200 North H Street is surrounded by major new developments that are currently shaping a revitalized Oxnard economy, including the brand new 1.5 million square feet Amazon fulfillment center (4.5 miles), the Wagon Wheel master planned community (2.4 miles), and the Collection at River Park master planned community, among several other commercial, residential, industrial, and hotel developments in planning and under construction.

Exclusively Listed By

Financing By

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