711 S C Street, Oxnard, CA 93030
711 S C Street, Oxnard, CA 93030
711 S C Street, Oxnard, CA 93030
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$4,200,000
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4,408 SqFt
New

711 S C Street Oxnard, CA 93030

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Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 4,408 sqft

Price per Sqft $952

MLS Listing ID CL26101952

HOA Y/N No

Year Built 2001

Lot Size 1.033 Acres

Acres 1.033

Property Sub-Type Other

Property Description

711 S C St (Palm Terrace) | 22-Unit Affordable Multifamily, Oxnard. 2001-built asset totaling 23,954 SF on a 44,954 SF lot in Downtown Oxnard, a short walk from Heritage Square, Plaza Park, and the Oxnard Transit Center. The property features (10) 2BR/1BA units averaging 764 SF and (12) 3BR/2BA units averaging 1,025 SF, plus a separately leased daycare a second income stream with options through 2035. Twenty-one of 22 apartments are occupied, with about 14 years of average resident tenure reported by ownership, and rents are restricted under recorded TCAC, City of Oxnard, and CalHFA agreements at 30/40/50% AMI through 2055. Offered at $4,200,000 ($190,909/unit | $175.34/SF) with a 5.95% in-place cap rate, the real story is durability long-tenured, family-sized affordable housing with a 6.07% pro forma cap and no senior mortgage to assume.

Location

State CA

County Ventura

Zoning CBD

Interior

Heating None

Cooling None

Fireplace No

Building

New Construction No

Others

Tax ID 2020135025


Bridge MLS
Listed by Taylor Avakian • Lyon Stahl Investment Real Estate, Inc.

NEARBY SCHOOL & BUSINESS

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Grant Inaba

Grant Inaba

Agent License ID: 01905199

+1(415) 992-2330

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711 S C Street