Price just reduced $150k allowing now for a 5.5% in place cap rate! 24-unit well maintained Oxnard apartment building with ideal unit mix in central location off Oxnard BLVD and W GonzalesRD across from Lowes. Significant recent capital expenditures invested into building including new roof, fresh exterior paint anddownstairs units replumbed. 560 W Gonzales RD features (6) 2BD/2BA, (6) 2BD/1BA and (12) 1BD/1BA apartments set ona 30,492 SF lot. The 32 garage spaces offer an excellent potential value add play for ADU conversion. Courtyard style 2-storybuilding with laundry room and separately metered for gas and electric. Individual water heaters. Several units in rear have large decks. Solid long terminvestment opportunity for a well-located building with spacious units that will always be in high demand from tenants.
Property Details
Price:
$6,450,000
MLS #:
V1-29969
Status:
Active
Baths:
0
Address:
560 W Gonzales Road
Type:
Residential Income
Subdivision:
Oxnard: Other – 0031
Neighborhood:
vc31oxnardnorthwest
City:
Oxnard
Listed Date:
May 14, 2025
State:
CA
ZIP:
93030
Lot Size:
30,492 sqft / 0.70 acres (approx)
Year Built:
1960
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Schools
Interior
Appliances
Gas Range
Cooling
None
Heating
Wall Furnace
Laundry Features
Individual Room
Exterior
Community Features
Suburban
Parking Spots
32.00
Financial
Map
Community
- Address560 W Gonzales Road Oxnard CA
- AreaVC31 – Oxnard – Northwest
- SubdivisionOxnard: Other – 0031
- CityOxnard
- CountyVentura
- Zip Code93030
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