1315 Devonshire Drive, OXNARD, CA 93030 (MLS# 26-1812)

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1315 Devonshire Drive, OXNARD, CA 93030

$4,798,000

Property Type: Res Inc Lot Size (sq. ft.): 14,810 Status: Active

Current Price: $4,798,000 List Date: 6/01/2026 Last Modified: 6/01/2026

Overview

Description

25-unit Oxnard apartment building for sale located on a corner lot near Fremont Square shopping center, several medical clinics and schools as well as bus lines. 1315 Devonshire DR is a 2-story courtyard style property featuring (12) 1BD units and (13) studios along with garage parking. The roof has recently been replaced. Other recent improvements include the installation of seismic shutoff valves on gas meters, 2 new commercial grade water heaters and upgraded cold water line plumbing pipes (pipes were sandblasted and injected with epoxy liner). There is an onsite laundry room and the garages offer ADU conversion potential. Offered at $191k/unit and a 6.2% CAP rate, 10.2 GRM this is a compelling opportunity to own in a strong rental market with additional upside potential in rental rates

Listing Details MLS# 26-1812

Location Info

District: 00 - VENTURA
Street #: 1315
Street Name: Devonshire
Street Suffix: Drive
State: CA
Country: US
Postal Code: 93030
County: Ventura
Parcel Number: 200-0-151-115
Cross Street: Ventura RD

Contract Info

Price: 4798000
Begin Date: 2026-06-01

Property Information

Number of Units: 25
Stories: 2
Year Built: 1964
Apx # Acres: 0.34
Apx Lot SqFt: 14810
Recurring Fees: No

Remarks

Hot Sheet Comment: new

Owner Info

Deposit: 3

Unit 1

# Units: 12
# Bedrooms: Yes
# Baths: Yes
Rent: 1605
Monthly Total: 20862
# Half Baths: 0

More Information

Unit 2

# Units: 13
# Baths: Yes
Rent: 1393
# Bedrooms: 0

Meters

Sep Meter Elec: Y
Sep Meter Gas: Yes

Parking Info

Total # Garage Spaces: 25

Neighborhood/Schools

Elementary School: Other
Junior High School: Other
High School: Other

Laundry

Laundry Room: Yes

Income/Expenses

Total Monthly Income: 38970
Other Income: 125
Annual Income: 469140
Gross Rent Multiplr: 10.2
Capitalization Rate: 6.2
Total Annual Exp: 156880
NOI: 298186

Heating

Wall: Yes

Zoning

CLA: Yes

Terms

Cash: Yes
Conventional: Yes

Listing Type

ER: Yes

Property Features

Laundry: Laundry Room Heating: Wall Zoning: CLA Terms: Cash; Conventional Listing Type: ER

Listing Office: Beachside Partners

Last Updated: June - 01 - 2026

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