1200 N H St, Oxnard, CA 93030

Property Description

We are pleased to present 1200 North H Street, a rare 18 unit investment opportunity located in the center of Oxnard, California. The city of Oxnard is not subject to any local rent control laws, so the property will only be subject to California's AB-1482, allowing the buyer to annually raise rents by 5% + CPI. 1200 North H Street offers a unique opportunity to acquire a prime 18 unit asset in a high barrier to entry Ventura County location. The 14,695 square feet building sits on a large 15,147 square foot lot (0.35 acres), and is made up of (9) 1 bed / 1 bath, (2 bed / 1 bath), and (4) 2 bed / 1.5 bath units. The property includes ample parking that is accessible from side and rear alleys. 1200 North Street is a stabilized asset that is fully occupied, providing several financing options while also offering good rental upside potential. The property lies in an strong Oxnard location, just 1.5 miles north of Downtown Oxnard, 2.5 miles south of The Collection, and just a short drive from the world-renowned Channel Islands beaches.