Spanish-Style Cottages Income
65 Wicks Road Moorpark, CA 93021
65 Wicks Road, Moorpark, CA, 93021
$2,750,000
For Sale
$2,750,000
Collection of Spanish-style bungalow cottages with multiple recent improvements and coin-operated laundry facilities on site.
Days on Market26
Property Features for 65 Wicks Road
General Information
- Standard status
- Active
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1981
Listing agency
Real Broker
(805) 479-5004
Listed by
Paul Ward · License #01354001
(805) 479-5004
Source
Exitrealty
Added: Jun 26 Updated: Jul 20 at 9:08PM Checked: Jul 21 at 4:40AM
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Investment Insights
Based on property information with market context.
South View Ranch Cottages is an income property consisting of a collection of Spanish-style bungalow cottages. Numerous improvements have been completed by the current ownership, including updates to many interiors, tile roofs, security cameras and motion lights, and rain gutters. The property also includes coin-operated laundry facilities and a secure onsite area for rent collection.
The cottages are set on a hilltop plateau with well-maintained grounds and weekly gardening service. The outdoor setting includes mature pepper trees and avocado trees, along with open green areas.
Current gross scheduled rents are approximately $16,500 per month, with projected rent potential of approximately $19,000 per month depending on future improvements, management strategy, and market conditions. The remarks indicate an estimated current cap rate of approximately 5.50%–5.63% and a potential cap rate of approximately 6.59%–6.72%, subject to buyer verification. Buyer to verify all rents, expenses, rent-control status, zoning, permits, legal use, cap rate, and any future development or repositioning potential.
The cottages are set on a hilltop plateau with well-maintained grounds and weekly gardening service. The outdoor setting includes mature pepper trees and avocado trees, along with open green areas.
Current gross scheduled rents are approximately $16,500 per month, with projected rent potential of approximately $19,000 per month depending on future improvements, management strategy, and market conditions. The remarks indicate an estimated current cap rate of approximately 5.50%–5.63% and a potential cap rate of approximately 6.59%–6.72%, subject to buyer verification. Buyer to verify all rents, expenses, rent-control status, zoning, permits, legal use, cap rate, and any future development or repositioning potential.
Key Highlights
- South View Ranch Cottages (built 1981) is a collection of Spanish‑style bungalow cottages with current gross scheduled rents of approx. $16,500/month.
- Projected rent potential of approx. $19,000/month depending on future improvements, management strategy, and market conditions (buyer to verify).
- Estimated current cap rate approx. 5.50%–5.63%, with potential approx. 6.59%–6.72% (buyer to verify).
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Collection of Spanish-style bungalow cottages with multiple recent improvements and coin-operated laundry facilities on site.
Where is this apartment building located?
The property is located at 65 Wicks Road Moorpark, CA.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: South View Ranch Cottages (built 1981) is a collection of Spanish‑style bungalow cottages with current gross scheduled rents of approx. $16,500/month.; Projected rent potential of approx. $19,000/month depending on future improvements, management strategy, and market conditions (buyer to verify).; Estimated current cap rate approx. 5.50%–5.63%, with potential approx. 6.59%–6.72% (buyer to verify).
