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$1,049,000
Est. payment /mo
UPDATED:
Key Details
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Active
Purchase Type For Sale
MLS Listing ID V1-39218
HOA Y/N No
Lot Dimensions Estimated
Property Sub-Type Hotel/Motel
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 Vc31 - Oxnard - Northwest
Interior
Heating See Remarks
Cooling None
Fireplace No
Laundry None
Exterior
Fence Chain Link
Utilities Available See Remarks
Roof Type See Remarks
Present Use Investment,See Remarks
Building
Lot Description Sprinklers None
Dwelling Type Hotel/Motel
Water Public
Others
Tax ID 2010051160
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Standard
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Listed by Michael Delgado Century 21 Masters #01341386
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