Neighborhood: Not Applicable, Vc33 - Oxnard - Southwest / Port Huenem
This property is being sold in conjunction with the adjacent 4-plex located at 128 E. 'B' Street, which has also been owned by the seller for that same period. This house was built in 1945, and comprises approximately 1,162 square feet, and is situated on an .11-acre (4,387 sq. ft.) parcel. The current rent of $1,150/month reflects the very average condition of the house, and it is expected that the ultimate purchaser would update/upgrade both properties to be able to increase market rents projected to be over $2,500/month for the house. Please note, as a single-family structure, this property is exempt from the Rent Cap and Just Cause Eviction requirements inherent in AB 1482; therefore, once the renovation work is completed this property could be rented at market rent or sold for a profit without paying the existing tenant relocation assistance fees so that work could commence in a vacant state.