Fully Renovated | 6.41% Cap Rate | 430-440 Linden Dr
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Fully Renovated | 6.41% Cap Rate 430-440 Linden Dr
8 Unit Apartment Building $3,550,000 ($443,750/Unit) 6.41% Cap Rate Oxnard, CA 93033
INVESTMENT HIGHLIGHTS
- 8 Units: (4) 1BD/1BA; (4) 2BD/2BA.
- Parking: 8 uncovered spaces; (4) 2-car garages; (4) 1-car garages.
- Large fenced private front patios.
- Remodeled in 2023.
- 2nd floor patios.
- Washer/dryer hook-ups.
EXECUTIVE SUMMARY
Fully renovated and offering a current 6.41% CAP rate in South Oxnard. This beautiful 8-unit courtyard-style multi-family investment asset boasts fresh exterior paint, landscaping and interior unit remodels. Unit mix consists of (4) 1BD/1BA with large fenced private front patios and (4) 2BD/2BA townhouse-style units with 2nd floor patios. Seven of eight apartments have been recently fitted with modern appliances, new windows, flooring, paint and washer/dryer hook-ups. Tenants enjoy the ease of off street parking as well as (4) 2-car garages and (4) 1-car garages. This asset is located in a prime location near shopping, dining and California State University Channel Islands. Don’t miss out on making this turn-key investment asset yours. Tenant to bring their own washer/dryer and refrigerator. Tenants also pay all utilities except trash. Please do not disturb tenants.
PROPERTY FACTS
| Price | $3,550,000 | Apartment Style | Low-Rise |
| Price Per Unit | $443,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.31 AC |
| Cap Rate | 6.41% | Building Size | 5,392 SF |
| Gross Rent Multiplier | 11.16 | Average Occupancy | 98% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1988 |
| Property Subtype | Apartment | Parking Ratio | 1.48/1,000 SF |
| Price | $3,550,000 |
| Price Per Unit | $443,750 |
| Sale Type | Investment |
| Cap Rate | 6.41% |
| Gross Rent Multiplier | 11.16 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.31 AC |
| Building Size | 5,392 SF |
| Average Occupancy | 98% |
| No. Stories | 2 |
| Year Built | 1988 |
| Parking Ratio | 1.48/1,000 SF |
UNIT AMENITIES
- Balcony
- Washer/Dryer Hookup
- Eat-in Kitchen
- Kitchen
- Vaulted Ceiling
- Family Room
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
| 2+2 | 4 | - | - |
Walk Score®
Very Walkable (79)
PROPERTY TAXES
| Parcel Number | 203-0-343-155 | Improvements Assessment | $1,591,120 |
| Land Assessment | $652,800 | Total Assessment | $2,243,920 |
PROPERTY TAXES
Parcel Number
203-0-343-155
Land Assessment
$652,800
Improvements Assessment
$1,591,120
Total Assessment
$2,243,920
ZONING
| Zoning Code | R-4 |
| R-4 |
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Fully Renovated | 6.41% Cap Rate | 430-440 Linden Dr
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