309 Hill Street is part of a Ventura County six-property multifamily portfolio, three properties of which are in Oxnard, two in the city of Santa Paula and once in Fillmore. This 24-unit property is situated on an approximately 37,026 square-foot parcel. The net leasable area of this property is approximately 10,999 square feet, with the unit mix consisting of three (3) studios; fourteen (14) one-bedroom, one-bathroom units; four (4) two-bedroom, one-bathroom units; one (1) two-bedroom, two-bathroom unit; one (1) three-bedroom, two-bathroom unit; and one leased corner store. The total gross income is generated not only by the individual residential rental units and the corner market, but also from income-producing functional spaces at the Property, such as garages, storage units, and the laundry facilities, making this asset’s income well diversified.The underlying FHLMC loan can be assumed with approximately 50% leverage that offers a fixed interest rate of 4.74% with P&I monthly payments of $16,527 thru the loan’s maturity date of 6/1/2028.k
Property Details
Price:
$5,749,900
MLS #:
V1-16766
Status:
Active
Address:
309 Hill Street
Type:
Residential Income
City:
Oxnard
Listed Date:
Feb 13, 2023
State:
CA
ZIP:
93033
Subdivision:
Oxnard: Other – 0034
Lot Size:
37,026 sqft / 0.85 acres (approx)
Year Built:
1940
Schools
Interior
Appliances
Gas Range
Cooling
None
Heating
Wall Furnace
Fireplace Features
None
Exterior
Fencing
Wood
View
None
Community Features
Street Lights, Sidewalks
Garage Spaces
0.00
Lot Features
Level, Sprinklers None
Parking Features
Parking Space
Pool Features
None
Spa Features
None
Financial
Association Fee
0.00
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- 310 Hill Street
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Courtesy of Apartment Investment Specialis. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than James Outland include the name of the listing broker. Neither the listing company nor James Outland shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2023. California Regional Multiple Listing Service. All rights reserved. 309 Hill Street
Oxnard, CA