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
Closed
Zillow last checked:
Listing updated:
Bought with:
Non Member Agent
Non Member Office
Source: SBMLS,MLS#: 26-1812
Price history
| Date | Event | Price |
|---|---|---|
| 9/1/2026 | Sold | $4,500,000-6.2% |
Source:  SBMLS #26-1812 Report a problem | ||
| 7/6/2026 | Pending sale | $4,798,000 |
Source: SBMLS #26-1812 Report a problem | ||
| 6/1/2026 | Listed for sale | $4,798,000-8% |
Source: SBMLS #26-1812 Report a problem | ||
| 5/31/2025 | Listing removed | $5,217,000 |
Source: SBMLS #25-456 Report a problem | ||
| 4/30/2025 | Price change | $5,217,000-3.3% |
Source: SBMLS #25-456 Report a problem | ||
| 1/30/2025 | Listed for sale | $5,395,000 |
Source: SBMLS #25-456 Report a problem | ||
| 5/10/2016 | Listing removed | $995+7.6% |
Source: Oaktree Property Management Report a problem | ||
| 2/17/2016 | Listed for rent | $925+8.8% |
Source: Oaktree Property Management Report a problem | ||
| 6/7/2013 | Listing removed | $850 |
Source: Oaktree Property Management Report a problem | ||
| 6/4/2013 | Listed for rent | $850 |
Source: Oaktree Property Management Report a problem | ||
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Estimated market value
$4,503,600
