Active
633 Meta Street
Oxnard CA, 93030
$2,295,000
Active
Condo
Built in 1952
Listed by Nicholas Henry with Beachside Partners (805) 453-5097
6.2% CAP rate on current rents (only currently available multifamily property over a 6% cap on actuals in Ventura CO). Fully renovated two-story 14-unit apartment building along with a detached restaurant building set on 10,000 SF lot near 5 points in Oxnard. Originally built as a motel the apartment building totals 2,792SF and contains all studio efficiency units (one bathroom and one room) along with a common laundry room with two sets of washer/ dryers. The commercial building totals 1,305 SF and in past operated as a restaurant but current tenant operates as a prep kitchen that prepares meals for the agriculture contractors that provide immigrant field workers with daily meals. The restaurant building has a dining area, kitchen, food prep area, storage room and two restrooms along with floor drains. 18 uncovered parking spaces in rear. Front and rear electronic gates provide privacy and security to its residents. The apartment building has been completely updated over the past 5 years including new roof, fresh paint and fascia replacement, fumigation for pest treatment, new windows and doors, new main electrical panel and exterior LED lighting, new driveway and striping, new water heaters and various plumbing upgrades along with full remodel of interiors including new baths, flooring, lighting, electric heating units and kitchen counter and sink.
V1-22165
MLSⓇ ID
February 28, 2024
Listed
May 8, 2024
Updated
Map
633 Meta Street
Oxnard CA, 93030
Interior Features
Total Stories
2
Laundry Description
Laundry Room
Fireplace
Yes
Fireplace Description
None
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Electric
Exterior/Building Features
Lot Size
0.23 Acres
Lot Features
Sprinklers None
Sewer
Public Sewer
Other Property Details
Area Name
VC31 - Oxnard - Northwest
Days on Market
67
Garage
No
Parking
On Site
Parking Total
18
View
No
View Description
None
County
Ventura
Water Source
Public
Pool
No
Pool Features
None
Buyer Agency Compensation
2%
Listing History
Date | Event | Price |
---|---|---|
5/6/2024 | Price Change | $2,295,000 -3% |
Listing Contact: (805) 453-5097
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 5/8/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 5/8/2024 at 8:52 PM UTC