Additional details

Paul Ward

somis@homeandranchsellingteam.com +1(805) 479-5004

Listed by Michael R Delgado • Century 21 Masters

$1,049,000

Est. payment - /mo

14 Beds

4 Baths

2,900 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Commercial/Residential

Listing Status Active

Purchase Type For Sale

Square Footage 2,900 sqft

Price per Sqft $361

MLS Listing ID 226005012

Bedrooms 14

Full Baths 4

Year Built 1930

Lot Size 5,105 Sqft

Property Sub-Type Commercial/Residential

Source Conejo Simi Moorpark Association of REALTORS®

Property Description

UNIQUE INCOME-PRODUCING INVESTMENT OPPORTUNITY! Excellent opportunity to own a distinctive two-story boarding house property with a Hotel/Transient Lodging land-use designation. This is not your traditional hotel nor single-family residence. The property offers a versatile lodging configuration with multiple rentable rooms and shared amenities, currently generating $11,077 per month in rental income -- $132,924 annually. Many occupants are longterm and wish to stay. The downstairs features a private studio with its own bathroom, an additional room with kitchenette and private bathroom, plus four separate bedrooms that share a community restroom and shower room. Upstairs offers 8 additional bedrooms with access to a community restroom and shower. The property features a welcoming front porch, an upstairs balcony, and a spacious rear parking area accommodating approximately 10 vehicles, plus corner lot with ample street parking. Ideal for investors seeking an established income-producing property with multiple rental opportunities. Potential for an owner-operator to occupy one unit while continuing to generate rental income from the remaining rooms, subject to applicable occupancy and lodging regulations. 14 bedrooms/rooms plus a studio and kitchenette-equipped room configuration, strong existing income, and exceptional investment potential. A rare opportunity to acquire a distinctive income-producing property with flexibility and upside potential. Investors welcome.

Location

State CA

County Ventura

Area Vc35 - Oxnard - Ne

Interior

Heating Other

Cooling Other

Flooring Other

Exterior

View Y/N No

Building

Story 1

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Nearby School & Business

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Paul Ward

+1(805) 479-5004

Agent License ID: 01354001

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235 Cooper Road Oxnard, CA 93030

Paul Ward

Key Details

Location

Interior

Exterior

Building

Nearby School & Business

Get More Information