611 Magnolia Avenue, Oxnard, California 93030

$1,099,999

Overview

Property ID: SR23186777

Quadruplex, Residential Income
Property Type

4.0
Garages

3211 Sqft
Area Size

1939
Year Built

Description

Opportunity is calling with this rarely on the market fourplex in the heart of Oxnard California. This property consists of 4 single family 2 bedroom 1 bath homes as well as a 4 car garage for the units to share. the units are each around 800 square feet totaling 3, 211 square feet total for all units combined. This complex has 4 current tenants who are all paying severely under market rent at $1, 300 per month with each unit on a month to month agreement. One of the units has recently gone under a complete renovation with new cabinets, floors, windows, bathroom, kitchen, and the list goes on. Two of the units were remodeled about 10 years ago and still in great condition and ready to rent out. The 3rd unit is still in good shape but could use some upgraded to on par with the other units. The property has a four car garage in the back where each unit is allotted a 1 car garage for a car or storage along with ample street parking. All units have laundry rooms inside of the properties! This property sits beautifully on a large treelined street and close to Oxnard airport, the beach, and great shopping. 5% down conventional options are available for this property.