309 Hill ST, Oxnard, CA, 93033

309 Hill Street is part of a Ventura County six-property multifamily portfolio, three properties of which are in Oxnard, two in the city of Santa Paula and once in Fillmore. This 24-unit property is situated on an approximately 37,026 square-foot parcel. The net leasable area of this property is approximately 10,999 square feet, with the unit mix consisting of three (3) studios; fourteen (14) one-bedroom, one-bathroom units; four (4) two-bedroom, one-bathroom units; one (1) two-bedroom, two-bathroom unit; one (1) three-bedroom, two-bathroom unit; and one leased corner store. The total gross income is generated not only by the individual residential rental units and the corner market, but also from income-producing functional spaces at the Property, such as garages, storage units, and the laundry facilities, making this asset's income well diversified.The underlying FHLMC loan can be assumed with approximately 50% leverage that offers a fixed interest rate of 4.74% with P&I monthly payments of $16,527 thru the loan's maturity date of 6/1/2028.k