Properties | Rancho Solana

Rancho Solana

94-Unit Apartment Community

2444 Alvarado St | Oxnard, CA

Sales Price: Private

Seller: N/A

Buyer: N/A

Units: 168

Price per Unit: N/A

Price per Sq. Ft.: N/A

Year Built: 1973

Lot Size Sq. Ft.: 165,964

Net Rentable Sq. Ft.: 144,090

On Market Date: 7/7/16

Close of Escrow: 11/10/16

The Harris Group, as the exclusive listing agent, is pleased to announce the sale of Rancho Solana, a 168-unit multifamily apartment building located in Oxnard in Ventura County. Built in 1973, Rancho Solana offers investors the opportunity to acquire a sizeable asset with a value-add investment opportunity in coastal Ventura County. Comprised of fifteen buildings, the low density garden style community is located on approximately 3.81 acres and situated in close proximity to major lifestyle centers. 

The asset offers three spacious floorplans, ranging from 695 to 1,085 square feet consisting of 26 one bedroom units, 110 two bedroom units and 32 three bedrooms units. The property features an impressive amenity package that includes a swimming pool and spa, playground, sports court, controlled access, covered parking and a leasing office. 

Rancho Solana provides an investor with a unique opportunity to acquire a sizeable asset in Ventura County on a free and clear basis, that via a comprehensive renovation plan, can result in an increase in rental income of 18%.

  • Sizeable Asset in Oxnard - Severe Lack of Recently Built Institutional Product
  • Adjacent to Ventura County's 650,000 SF Premier Lifestyle Retail Center, Collection at Riverpark - Featuring Whole Foods, REI, Target, Yardhouse and Century Movie Theatres
  • Property is Amenitized with a Swimming Pool  and Spa, Playground, SPorts Court, Controlled Access, Covered Parking and a Leasing Office
  • Attractive Unit Mix - Features 26 - 1 Bedroom Units, 110 - 2 Bedroom Units and 32- 3 Bedroom Units
  • Ability to Complete a Comprehensive Renovation to Unit Interiors and Common Areas
  • Opportunity to Capture Significant Rental Upside (Projected 18.40%) via a Renovation Program