118 B St, Oxnard, CA 93030

Description

RARE MIXED-USE INVESTMENT OPPORTUNITY - RESIDENTIAL & COMMERCIAL INCOME. Excellent opportunity to own a versatile mixed-use property featuring commercial frontage and private residential accommodations in the rear, all situated on a generous 7,000 sq. ft. lot! With multiple income streams and a potential gross rental income of $8,280 per month ($99,360 annually), this property offers tremendous flexibility for investors, business owners, or owner-users. COMMERCIAL FRONTAGE: Two separate office spaces with excellent street exposure. The larger office offers approximately 800 sq. ft., a private restroom, and a rear patio area. Currently vacant, with estimated rental income of $1,780 per month. The second office offers approximately 300 sq. ft., its own restroom, and is currently rented for $900 per month. Potential for office-to-ADU conversion, subject to city approval. PRIVATE RESIDENTIAL LIVING: Behind the gated entrance, discover a spacious 3-bedroom plus den, 2-bath residence featuring a dedicated laundry area, concrete side yard, and abundant driveway parking. The private, gated setting provides separation from the commercial frontage. Currently rented for $3,725 per month. ADDITIONAL CASITA: A separate approximately 400 sq. ft. studio casita provides another valuable income stream, currently rented for $1,875 per month. The property has benefited from numerous improvements, including plumbing and electrical upgrades. Expansive concrete areas, gated access, generous parking, and multiple independent rental spaces add to the property's versatility and appeal, Downtown Oxnard conveniences. FOUR INCOME STREAMS! Ideal for investors seeking rental income, entrepreneurs looking to operate a business while collecting residential rents, or buyers exploring future possibilities. LIVE, WORK, INVEST, AND COLLECT RENT -- ALL ON ONE PROPERTY!