711 S C St, Oxnard, CA 93030
See all 14 photos
711 S C St, Oxnard, CA 93030
711 S C St, Oxnard, CA 93030
711 S C St, Oxnard, CA 93030
711 S C St, Oxnard, CA 93030
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
$ 4,200,000
Est. payment /mo
Save
Active

711 S C St Oxnard, CA 93030

4,408 SqFt


UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,408 sqft

Price per Sqft $952

MLS Listing ID 26101952

Year Built 2001

Lot Size 1.033 Acres

Acres 1.033

Property Sub-Type Multi-Family

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

Area Oxnard - Northwest

Zoning CBD

Rooms

Other Rooms None

Interior

Heating None

Cooling None

Equipment None

Exterior

Parking Features Above Street Level

Garage Spaces 45.0

Building

Story 2

Level or Stories Multi/Split

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by Lyon Stahl Investment Real Estate, Inc.
Mick McMaken

American Dream Team Real Estate Broker

GET IN TOUCH

Name
Phone*
Message

Go tour this home

711 S C St