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Listed by Paul Ward • Real Broker
$2,750,000
Est. payment /mo
1.81 Acres Lot
Active
65 Wicks Road Moorpark, CA 93021
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Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID V1-36213
Year Built 1981
Lot Size 1.810 Acres
Property Sub-Type Multi Family
Source California Regional Multiple Listing Service (CRMLS)
Property Description
South View Ranch Cottages is a rare Moorpark income-property opportunity offering strong in-place cash flow, rental upside, and a strategic location near the heart of Downtown Moorpark. The property features a collection of Spanish-style bungalow cottages with numerous improvements completed by current ownership, including updates to many interiors, tile roofs, security cameras and motion lights, rain gutters, coin-operated laundry facilities, and a secure onsite rent collection area. The cottages can be maintained in their current affordable housing use or further enhanced into a more elevated boutique rental community.
Current gross scheduled rents are approximately $16,500/month, with projected rent potential of approximately $19,000/month depending on future improvements, management strategy, and market conditions. At the asking price of $2,750,000, the property offers an estimated current cap rate of approximately 5.50%-5.63%, with a potential cap rate of approximately 6.59%-6.72%, subject to buyer verification.
Set on a hilltop plateau, the property enjoys sweeping views across Moorpark and the surrounding mountains. The grounds are well maintained with weekly gardening service, mature pepper trees, avocado trees, open green areas, and a peaceful residential setting that feels distinct from a typical rental property.
The location adds to the upside. South View Ranch Cottages is near Moorpark's historic High Street and Downtown corridor, where redevelopment, mixed-use investment, transit-oriented planning, and community improvements continue to strengthen the area. Nearby amenities include Moorpark College, Underwood Family Farms, local trails, restaurants, shopping, and access to the greater Los Angeles market.
This is an attractive opportunity for an investor seeking stable income today with meaningful upside through improved management, continued upgrades, and long-term positioning within one of Ventura County's most desirable growth communities.
Buyer to verify all rents, expenses, rent-control status, zoning, permits, legal use, cap rate, and future development or repositioning potential.
Current gross scheduled rents are approximately $16,500/month, with projected rent potential of approximately $19,000/month depending on future improvements, management strategy, and market conditions. At the asking price of $2,750,000, the property offers an estimated current cap rate of approximately 5.50%-5.63%, with a potential cap rate of approximately 6.59%-6.72%, subject to buyer verification.
Set on a hilltop plateau, the property enjoys sweeping views across Moorpark and the surrounding mountains. The grounds are well maintained with weekly gardening service, mature pepper trees, avocado trees, open green areas, and a peaceful residential setting that feels distinct from a typical rental property.
The location adds to the upside. South View Ranch Cottages is near Moorpark's historic High Street and Downtown corridor, where redevelopment, mixed-use investment, transit-oriented planning, and community improvements continue to strengthen the area. Nearby amenities include Moorpark College, Underwood Family Farms, local trails, restaurants, shopping, and access to the greater Los Angeles market.
This is an attractive opportunity for an investor seeking stable income today with meaningful upside through improved management, continued upgrades, and long-term positioning within one of Ventura County's most desirable growth communities.
Buyer to verify all rents, expenses, rent-control status, zoning, permits, legal use, cap rate, and future development or repositioning potential.
Location
State CA
County Ventura
Area Nmp - Moorpark North
Zoning RE1
Interior
Heating Wall Furnace
Laundry Laundry Equipment Own Lease, Common Area, Community
Exterior
Utilities Available Sewer Connected, Electricity Connected
Building
Lot Description Lot Over 40000 Sqft
NEARBY SCHOOL & BUSINESS
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