633 Meta St

14-unit apartment building + standalone commercial space near downtown Oxnard offered at 7.5% CAP / 8.9 GRM on current rents!

This fully rented property includes a renovated 2-story 14-unit apartment building & a restaurant building. Apartment building totals 2,792 SF and contains all studio efficiency units (one bathroom and one room) along with a common laundry room with two sets of washer/dryers. Commercial building totals 1,305 SF and in past operated as a restaurant but current tenant operates as a prep kitchen that prepares and delivers meals to field workers at nearby farms. 18 uncovered parking spots. The apartment building has been completely updated over the past 6 years. This is a very efficient investment property offering some of the most affordable rents in the whole county. As such turnaround time is very short to rent out any apartment vacancies.

This home located at 633 meta ST is currently active and has been available on pardeeproperties.com for 55 days. This property is listed at $1,995,000. It has 0 beds and 1 bathrooms. The property was built in 1961. 633 meta ST is in the Oxnard - Northwest community of Ventura County.

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