540 Cuesta Del Mar Drive, OXNARD, CA 93033 (MLS# 26-2010)

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540 Cuesta Del Mar Drive, OXNARD, CA 93033

$3,100,000

Property Type: Res Inc Lot Size (sq. ft.): 11,326 Status: Active

Current Price: $3,100,000 List Date: 6/17/2026 Last Modified: 6/17/2026

Overview

Description

This 14 unit apartment community in South Oxnard presents a compelling opportunity for investors seeking strong cash flow, stable operations, and long term value growth. Priced at $3,100,000 (approximately $221,430 per unit), the property generates an estimated $315,000 in annual gross income, resulting in a highly attractive Gross Rent Multiplier (GRM) of 9.9. The unit mix includes 10 one-bedroom units, 2 two-bedroom units, and 2 three-bedroom units, all surrounding a welcoming central courtyard. Over the past several years, the property has undergone approximately $263,300 in capital improvements.

Listing Details MLS# 26-2010

Location Info

District: 00 - VENTURA
Street #: 540
Street Name: Cuesta Del Mar
Street Suffix: Drive
State: CA
Country: US
Postal Code: 93033
County: Ventura
Parcel Number: 222-0-082-035
Cross Street: Perkins Road

Contract Info

Price: 3100000
Begin Date: 2026-06-17

Property Information

Number of Units: 14
Year Built: 1964
Apx # Acres: 0.26
Recurring Fees: No

Remarks

Hot Sheet Comment: new

Owner Info

Deposit: 3

Unit 1

# Units: 10
# Bedrooms: Yes
# Baths: Yes
Rent: 1761
Monthly Total: 17610
# Half Baths: 0

More Information

Unit 2

# Units: 2
# Bedrooms: 2
# Baths: Yes
Rent: 1860
Monthly Total: 3720

Unit 3

# Units: 2
# Bedrooms: 3
# Baths: Yes
Rent: 2420
Monthly Total: 4840

Meters

Sep Meter Wtr: N
Sep Meter Elec: Y
Sep Meter Gas: No

Neighborhood/Schools

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

Income/Expenses

Annual Income: 313980
Gross Rent Multiplr: 9.9
Total Annual Exp: 124529
NOI: 180032

Heating

Wall: Yes

Zoning

R-4: Yes

Terms

Cash: Yes
Conventional: Yes

Listing Type

ER: Yes

Parking Info

Carport: Yes

Property Features

Parking Info: Carport; Carport Heating: Wall Zoning: R-4 Terms: Cash; Conventional Listing Type: ER

Listing Office: Apartment Investment Specialists

Last Updated: June - 17 - 2026

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