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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.
| DAYS ON MARKET | 128 | LAST UPDATED | 8/6/2025 |
|---|---|---|---|
| TRACT | Oxnard: Other - 0031 | YEAR BUILT | 1960 |
| COMMUNITY | VC31 - Oxnard - Northwest | GARAGE SPACES | 32.0 |
| COUNTY | Ventura | STATUS | Active |
| PROPERTY TYPE(S) | Residential Income |
| PRICE HISTORY | |
| Prior to Aug 6, '25 | $6,600,000 |
|---|---|
| Aug 6, '25 - Today | $6,450,000 |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| APPLIANCES | Gas Range |
| AREA | VC31 - Oxnard - Northwest |
| GARAGE | Yes |
| HEAT | Wall Furnace |
| LOT | 0.7 acre(s) |
| POOL DESCRIPTION | None |
| STORIES | 2 |
| SUBDIVISION | Oxnard: Other - 0031 |
| VIEW DESCRIPTION | None |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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