65 Wicks Road

SELLER FINANCING WITH 20 DOWN to qualified buyers South View Ranch Cottages is a rare Moorpark incomeproperty opportunity offering strong inplace cash flow rental upside and a strategic location near the heart of Downtown Moorpark The property features a collection of Spanishstyle bungalow cottages with numerous improvements completed by current ownership including updates to many interiors tile roofs security cameras and motion lights rain gutters coinoperated 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 communityCurrent gross scheduled rents are approximately 16500month with projected rent potential of approximately 19000month depending on future improvements management strategy and market conditions At the asking price of 2750000 the property offers an estimated current cap rate of approximately 550563 with a potential cap rate of approximately 659672 subject to buyer verificationSet 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 propertyThe location adds to the upside South View Ranch Cottages is near Moorparks historic High Street and Downtown corridor where redevelopment mixeduse investment transitoriented 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 marketThis is an attractive opportunity for an investor seeking stable income today with meaningful upside through improved management continued upgrades and longterm positioning within one of Ventura Countys most desirable growth communitiesBuyer to verify all rents expenses rentcontrol status zoning permits legal use cap rate and future development or repositioning potential