633 Meta Street

Oxnard, CA 93030

$2,295,000

Listed Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten / sqft

1952

calendar_month Built

Property Description

6.2% CAP rate on current rents (only currently available multifamily property over a 6% cap on actuals in Ventura CO). Fully renovated two-story 14-unit apartment building along with a detached restaurant building set on 10,000 SF lot near 5 points in Oxnard. Originally built as a motel the apartment building totals 2,792SF 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 meals for the agriculture contractors that provide immigrant field workers with daily meals. 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 5 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.

Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A
Fireplace Information
Features None
Interior Information
Cooling Type None

Listing Information

Address 633 Meta Street
City Oxnard
State CA
Zip 93030
County Ventura
Listing Agent Nicholas Henry DRE#01748131
Co-Listing Agent Jason Liehr DRE#02152826
Courtesy Of Beachside Partners
MLS V122165
List Price $2,295,000
Status Active
Type Residential Income
Subtype Apartment
Structure Size N/A
Lot Size 10,000
Year Built 1952
DOM 69

Exterior Information

Maps

Listing information courtesy of: Nicholas Henry, Jason Liehr, Beachside Partners . *Based on information from the Association of REALTORS/Multiple Listing as of May 5th, 2024 at 8:54 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.