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Ocean Villas

Oxnard, CA

119 Units

Built in 1965

Value Add

Investment Highlights

  • VALUE-ADD OPPORTUNITY Ownership has achieved $199-$245 premiums on 24 of 119 units proving demand for a higher-end renovation scope at the property. 80% of the units remain to be renovated.
  • STABLE AND GROWING EMPLOYMENT - Oxnard is the largest city in Ventura County and has long been a stable employment center for medical, logistics/trade, and government jobs.
  • STRONG LOCAL DEMAND DRIVERS - Walking distance to local schools, higher education, outdoor spaces, and everyday retail amenities.
  • QUALITY PHYSICAL PLANT - Ownership has invested $370,000 on common area capital improvements over the past 5 years and all buildings have new roofs within the last 10 years. Investors can focus on revenue-generating interior improvements going forward. 

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