711 S C Street
Property Overview
711 S C St (Palm Terrace) | 22-Unit Affordable Multifamily, Oxnard. 2001-built asset totaling 23,954 SF on a 44,954 SF lot in Downtown Oxnard, a short walk from Heritage Square, Plaza Park, and the Oxnard Transit Center. The property features (10) 2BR/1BA units averaging 764 SF and (12) 3BR/2BA units averaging 1,025 SF, plus a separately leased daycare a second income stream with options through 2035. Twenty-one of 22 apartments are occupied, with about 14 years of average resident tenure reported by ownership, and rents are restricted under recorded TCAC, City of Oxnard, and CalHFA agreements at 30/40/50% AMI through 2055. Offered at $4,200,000 ($190,909/unit | $175.34/SF) with a 5.95% in-place cap rate, the real story is durability long-tenured, family-sized affordable housing with a 6.07% pro forma cap and no senior mortgage to assume.
Home Details
- Property type
- Residential Income
- Year built
- 2001
- Living area
- 4,408 sq ft
- Lot size
- 1.03 acres
- Parking
- 45 spaces
- Stories
- 2
- Days on market
- 0
- MLS status
- Active
- Zoning
- CBD
Features & Amenities
Parking
- Driveway Down Slope From Street
Location & Neighborhood
Frequently Asked Questions About 711 S C Street
Property type: Residential Income
What clients say
“Reza was the best agent we have ever worked with.”Russell & Susan McQueen
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