Properties | Ivywood

Ivywood

34-Unit Apartment Community

1501-1531 Ivywood Dr | Oxnard, CA

Sales Price: Private

Units: 34

Price per Unit: N/A

Price per Sq. Ft.: N/A

Year Built: 1977

Lot Size Sq. Ft.: 49,644

Net Rentable Sq. Ft.: 18,310

On Market Date: 5/17/16

Close of Escrow: 10/31/16

The Harris Group, as the exclusive listing agent, is pleased to announce the sale of Ivywood, a 34 unit (Inclusive of one non-conforming unit) multifamily apartment building located in the city of Oxnard (Ventura County). Built in 1977, Ivywood offers investors the opportunity to acquire a mid-sized stabilized asset in Ventura County. Comprised of four buildings, the low density garden style community is located on approximately 1.1397 acres.

The asset offers three floors plan, ranging from 480 to 700 square feet. The unit mix is comprised of sixteen (16) studio units, sixteen (16) loft units and one (1) two bed/one bath unit that average approximately 535 square feet. Additionally, there is one (1) one bed/one bath non-conforming unit. To complement the units, the property features a bbq area, a relaxing spa and gated parking.

The property is being marketed in conjunction with the 41-unit Watch Hill Apartments, located at 680 Evergreen Lane, Port Hueneme CA. The properties can be purchased individually or as a portfolio. Ivywood Apartments and Watch Hill Apartments provides an investor with an opportunity to acquire a sizable asset in coastal Ventura.

  • Rare Mid-Sized Asset in Oxnard
  • Amenitized with a BBQ Area, a Relaxing Spa and Gated Parking
  • Offered on a Free & Clear Basis - Allows an Investor to Take Advantage of Higher Available Leverage and Historically Low Interest Rates
  • Located in a Quiet Residential Neighborhood Surrounded by Single Family Homes
  • Average Household Income in Oxnard is over $76,000
  • 3.40% Average Vacancy Rate in the Submarket in 2015
  • 20% Population Growth in Oxnard Since 2000
  • Sustainable Long Term Employment in Government, Medical and Logistics/International Trade Including: US Navy, Port Hueneme, St. John’s Medical, and Community Memorial Hospital
  • Ventura County has Established Itself as a Leading Center for High-Tech, Telecommunications, Clean Energy and Healthcare Bolstering Long Term Employment Growth 
  • Located Along the 101 Tech Corridor, (the Concentration of Employment Along the 101 Freeway from the San Fernando Valley Through Ventura County), Which is Quickly Becoming One of the Top 50 Areas in the United States for Technology Output