309 Hill Street, Oxnard, CA 93033
- $5,749,900
- List Price
- $5,749,900
- Price Change
- ▼ $100 1678426813
- Status
- ACTIVE
- MLS#
- V1-16766
- Year Built
- 1940
- Lot Size
- 37,026
- Acres
- 0.85
- Lot Location
- Level, SprinklersNone
- Days on Market
- 48
- Property Type
- Multifamily
- Neighborhood
- Oxnard: Other - 0034
Property Description
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
Additional Information
- Appliances
- Gas Range
- Pool Description
- None
- Heat
- Wall Furnace
- Cooling Description
- None
- View
- None
- Attached Structure
- Detached
- Gross Scheduled Income
- $458,028
- Operating Expense
- 188107
Listing courtesy of Listing Agent: Craig Lieberman (craig@ais-realestate.com) from Listing Office: Apartment Investment Specialis.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.