1251-1263 S Oxnard Blvd

$2,500,000

Key Information

Cap Rate

5.03%

Tot. SF

3,806

Lot Size

0.52 Acres

Units

Year Built

2012 (R)

Type

Apartments

NOI

$125,713

Highlights

• Two Separate APNs – Existing 9-Unit Apartment Property Plus Adjacent Vacant Land
• Significant Development Potential – Opportunity for 25+ Additional Units Across Both Parcels
• Highest & Best Use Includes Multifamily / Affordable Housing Development
• 2023 Certificate of Occupancy
• Exempt from State & Local Rent Control Through 2038
• Fully Rebuilt in 2012 – All 9 Existing Units Torn Down to the Foundation & Reconstructed
• Rare Opportunity Combining Existing Multifamily Income with Substantial Development Upside
• Potential to Generate In-Place Income While Pursuing Future Development