Downtown Oxnard, CA homes for sale & real estate

Downtown Oxnard, CA Homes for Sale

8-unit Oxnard apartment building in the historic district with approved plans to build (2) new ADUs. 12.5 GRM based on current in place rents. Upside in rental rates on existing units w/ potential to take baton from Seller to use city approved plans to build 2 additional studio units totaling 650 SF. Current Unit mix includes (1) 2BD/2BA, (2) 2BD/1BA and (5) 1BD/1BA units each with their own patio. 4 of the units have been recently remodeled. 7.2% CAP rate can be achieved by the astute investor on market rents and assumed new ADU rents (assumes $200k+/- to build (2) studio ADU units totaling 650 SF which are projected to rent for $1700 apiece).

Downtown Oxnard, CA Homes for Sale

Discover your future home site on this exceptional flat lot in the heart of Oxnard. This build-ready R2-zoned parcel offers the versatility to construct either a spacious single-family residence or a well-designed duplex. The level terrain provides an ideal canvas for your vision, while the convenient alley access adds valuable flexibility for designing private entrances and parking arrangements. Situated in prime central Oxnard, this lot combines the charm of an established neighborhood with the excitement of building a brand-new home that perfectly suits your needs.