Commercial $ 2,750,000

65 Wicks RD

Moorpark, CA 93021

  • 1981 Year Built
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.
Listed by Paul Ward of Real Broker

PROPERTY DETAIL

  • Key Details

    Property Type Commercial

    Sub Type Duplex

    Listing Status Active

    Purchase Type For Sale

    MLS Listing ID V1-36213

    HOA Y/N No

    Year Built 1981

    Property Sub-Type Duplex

  • Location

    State CA

    County Ventura

    Area Nmp - North Moorpark

    Zoning RE1

  • Building

    Lot Description Lot Over 40000 Sqft

    Dwelling Type Duplex,House,Multi Family

    Story 2

    Water Public

  • Interior

    Heating Wall Furnace

    Cooling Electric, Wall/Window Unit(s)

    Fireplace No

    Laundry Common Area

  • Exterior

    Carport Spaces 2

    Fence Chain Link, Wrought Iron

    Utilities Available Electricity Connected, Sewer Connected, Water Connected

    Roof Type Clay,Tile

    Present Use Improved,Investment,Multi-Family

    Total Parking Spaces 15

  • Others

    Tax ID 5120050030

    Security Features Closed Circuit Camera(s),Carbon Monoxide Detector(s),Smoke Detector(s),Security Lights

    Acceptable Financing Conventional, 1031 Exchange

    Listing Terms Conventional, 1031 Exchange

    Special Listing Condition Standard

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