1315 Devonshire Drive
Oxnard, CA 93030
- – beds
- – baths
- – sqft
- 14,810 sqft lot
- 1964 build
- – on site
25-unit Oxnard apartment building for sale located on a corner lot near Fremont Square shopping center, several medical clinics and schools as well as bus lines. 1315 Devonshire DR is a 2-story courtyard style property featuring (12) 1BD units and (13) studios along with garage parking. Roof has recently been replaced. Other recent improvements include the installation of seismic shutoff valves on gas meters, 2 new commercial grade water heaters and upgraded cold water line plumbing pipes (pipes were sandblasted and injected with epoxy liner). Separately metered for electricity and gas. There is an onsite laundry room. Offered at less than $216k/unit and a 5.0% CAP rate, 12.0 GRM on in place rents with upside on rental rates. Seller prefers to carry back a loan at 6.0% interest only offering a major cash flow benefit to new Buyer. The garages offer ADU conversion potential.
Last checked:
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Last updated Jan 30, 2025
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MLS# V1-27844 —
The Building
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Year Built:1964
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Year Built Source:Assessor
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Total Number Of Units:25
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# of Buildings:1
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Stories Total:2
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Common Walls:No Common Walls
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# of Separate Gas Meters:25
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# of Separate Water Meters:1
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# of Separate Electric Meters:25
Interior
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Fireplace:No
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Fireplace:None
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Laundry:Individual Room
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Laundry:1
Location
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Directions:Ventura Rd & Devonshire DR
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Latitude:34.21171300
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Longitude:-119.19255700
The Property
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Property Type:Residential Income
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Lot Features:Sprinklers None
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Lot Size Area:14810.0000
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Lot Size Acres:0.3400
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Lot Size SqFt:14810.00
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View:None
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Fencing:None
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Fence:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:2000151115
Heating & Cooling
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Heating:1
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Heating:Wall Furnace
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Cooling:No
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Cooling:None
Appliances
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Appliances:Refrigerator, Gas Oven
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Included:Yes
The Community
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Subdivision:Oxnard: Other - 0031
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Subdivision:Oxnard: Other - 0031
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Features:Biking
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Pool:None
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Senior Community:No
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Private Pool:No
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Spa Features:None
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Assessments:No
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Assessments:None
Parking
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Parking:Yes
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Parking Spaces:25.00
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Garage Spaces:25.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
1/29/25
Jan 29, 2025
|
Listed / Active | CRMLS_CA | $5,395,000 | 132.0% (11.2% / YR) |
4/18/13
Apr 18, 2013
|
CRMLS_CA | $2,325,000 |