$2,805,000
$2,500,000
12.2%For more information regarding the value of a property, please contact us for a free consultation.
8 Beds
4 Baths
SOLD DATE : 07/02/2025
Key Details
Sold Price $2,805,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID V1-29461
Sold Date 07/02/25
Bedrooms 8
Property Sub-Type Res Income 2-4 Units
Property Description
Nestled in the heart of Oxnard's desirable Cloverdale subdivision, this rare investment opportunity features 12 rental units spread across 9 separate structures, offering a diverse mix of single-family homes and duplexes. Originally built in the 1950s, the property exudes vintage character and presents a fantastic value-add opportunity for investors.With 10 covered carports and 2 garage spaces, the property offers ample off-street parking--a major plus for tenants. The spacious layout across multiple buildings provides privacy and flexibility, appealing to a wide tenant base.Located in a well-established, residential neighborhood with strong rental demand, this asset is perfect for investors seeking long-term growth potential through renovation and repositioning. Opportunities like this don't come around often--capitalize on the upside and create your vision in one of Oxnard's most stable rental markets.
Location
State CA
County Ventura
Zoning Appraiser
Direction Take Rose or Vineyard exit off the 101 and turn down frontage road on north side of freeway. Turn on Cortez St. Property is down
Interior
Fireplace No
Exterior
Fence Other/Remarks
View Y/N No
Building
Story 1
Level or Stories 1
Others
Tax ID 1450190090
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Bought with Grace Lindgren Sotheby's International Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "