NOT LISTED FOR SALE

Estimated Value: $3,157,000 - $3,341,977

2 Beds
2 Baths
7,180 Sq Ft
$453/Sq Ft Est. Value

Last Sold October 14, 2022

Last sale price $2,925,000 $407 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $20,037/month

78 Days on Market

Highlights

  • 0.32 Acre Lot
  • 7 Car Garage
  • Wall Furnace
  • Laundry Room
  • Wood Fence
  • Front Yard

About This Home

As of October 2022

Great investment opportunity with lots of upside! $210,252 current yearly income (4.37 Cap Rate), $234,600 projected yearly income (5.15 Cap Rate)! This very well maintained property is centrally located next to the Henry T. Oxnard Historic District. It features 9 highly desirable rental units, 6 2+1 bungalows (no attached/shared walls) and a Triplex in the back of the property that consist of 2 studios apartments and 1 2+1 upstairs apartment, all in a charming courtyard setting. The property also features 7 single car garages.

Last Agent to Sell the Property

David Covarrubias

COVA Realty License #01248626 Listed on: 06/25/2022

Last Buyer's Agent

Orly Godliman

Capital Assistance Group License #01384545

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1941

Lot Details

  • 0.32 Acre Lot
  • No Common Walls
  • Wood Fence
  • Block Wall Fence
  • Front Yard

Parking

  • 7 Car Garage
  • Parking Available
  • On-Street Parking

Home Design

  • 7,180 Sq Ft Home
  • Fire Rated Drywall
  • Plaster

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Additional Features

  • Free-Standing Range
  • Laundry Room
  • Exterior Lighting
  • Wall Furnace

Listing and Financial Details

  • Tax Tract Number 87
  • Assessor Parcel Number 2020044020

Community Details

Overview

  • 7 Buildings
  • North Addition 0321 Subdivision

Building Details

  • 9 Leased Units
  • Rent Control
  • 9 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $633
  • Fuel Expense $635
  • Gardener Expense $2,070
  • Insurance Expense $6,514
  • Professional Management Expense $12,615
  • Trash Expense $6,595
  • Water Sewer Expense $6,595
  • New Taxes Expense $38,750
  • Operating Expense $74,790
  • Gross Income $234,600
  • Net Operating Income $125,261

Property Details

Home Type

Apartment

Year Built

Built in 1941

Lot Details

0

Parking

7

Listing Details

  • Assessments: Yes
  • Professional Management Expense: 12615.00
  • Property Attached: No
  • View: No
  • Water Sewer Expenses: 6595.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 2070.00
  • Parcel Number: 2020044020
  • Year Built: 1941
  • Special Features: None

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Price Per Square Foot: 431.75

Exterior Features

  • Fence: Yes
  • Fencing: Block, Wood
  • Pool Private: No
  • Spa: No
  • Construction Materials: Plaster, Drywall Walls

Garage/Parking

  • Garage Spaces: 7.00
  • Parking: Yes
  • Parking Features: Garage, Street
  • Total Parking Spaces: 7.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Refrigerator, Free-Standing Range
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Trash Expense: 6595.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Street Lights, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 14000.00
  • Lot Size Acres: 0.3214

Multi Family

  • Electric Expense: 633.00
  • Fuel Expense: 635.00
  • Gross Income: 234600.00
  • Gross Scheduled Income: 204012.00
  • Insurance Expense: 6514.00
  • Lot Size Area: 14000.0000 Square Feet
  • Net Operating Income: 125261.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 9
  • Number With Range: 9
  • Number With Refrigerator: 9
  • Operating Expense: 78751.00
  • Rent Control: Yes
  • Total Actual Rent: 17521.00
  • Total Expenses: 74790.00

Tax Info

  • New Taxes Expense: 38750.00
  • Tax Tract Number: 87.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 25, 2022
Closed on
Sep 12, 2022
Sold by
Kazuko-San Llc
Bought by
Southern California 2022 Properties Llc
Seller's Agent
David Covarrubias
COVA Realty
Buyer's Agent
Orly Godliman
Capital Assistance Group
List Price
$3,300,000
Sold Price
$2,925,000
Premium/Discount to List
-$375,000
-11.36%
Views
94
Current Estimated Value
$3,249,489

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$324,489
Avg. Annual Appreciation
3.31%

Purchase Details

Listed on
Oct 21, 2014
Closed on
Jan 19, 2015
Sold by
Reichard Bruce and Reichard Peggue
Bought by
Kazuko San Llc
Seller's Agent
David Covarrubias
COVA Realty
Buyer's Agent
Craig Lieberman
Apartment Investment Specialists, Inc
List Price
$1,499,000
Sold Price
$1,410,000
Premium/Discount to List
-$89,000
-5.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.82%

Purchase Details

Listed on
Oct 21, 2014
Closed on
Nov 21, 2014
Sold by
Ruffin Danny L and Ruffin Lora M
Bought by
Reichard Bruce and Reichard Peggi
Seller's Agent
David Covarrubias
COVA Realty
Buyer's Agent
Craig Lieberman
Apartment Investment Specialists, Inc
List Price
$1,499,000
Sold Price
$1,410,000
Premium/Discount to List
-$89,000
-5.94%

Purchase Details

Closed on
Apr 4, 2008
Sold by
Ruffin Danny L
Bought by
Ruffin Danny L and Ruffin Lora M

Purchase Details

Closed on
Mar 30, 2007
Sold by
Dahl Sandra S and Ruffin Danny L
Bought by
Ruffin Trust

Purchase Details

Closed on
Jun 2, 1998
Sold by
Ruffin Robert V
Bought by
Ruffin Robert V and The Ruffin Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Southern California 2022 Properties Llc $2,925,000 Lawyers Title
Kazuko San Llc -- Fatco
Reichard Bruce $1,410,000 First American Title Company
Ruffin Danny L -- None Available
Ruffin Trust -- None Available
Ruffin Robert V -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/14/2022 10/14/22 Sold $2,925,000 -5.6% $407 / Sq Ft
08/17/2022 08/17/22 Price Changed $3,100,000 -6.1% $432 / Sq Ft
06/25/2022 06/25/22 For Sale $3,300,000 +134.0% $460 / Sq Ft
12/31/2014 12/31/14 Sold $1,410,000 -5.9% $199 / Sq Ft View Prior Sale
11/04/2014 11/04/14 Pending -- -- --
10/21/2014 10/21/14 For Sale $1,499,000 -- $212 / Sq Ft
Source: Ventura County Regional Data Share

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $36,751 $3,042,988 $749,088 $2,293,900
2024 $36,751 $2,983,410 $734,400 $2,249,010
2023 $35,406 $2,925,000 $720,000 $2,205,000
2022 $19,168 $1,597,859 $458,670 $1,139,189
2021 $19,016 $1,566,549 $449,677 $1,116,872
2020 $19,371 $1,550,498 $445,067 $1,105,431
2019 $18,825 $1,520,117 $436,341 $1,083,776
2018 $18,561 $1,490,332 $427,786 $1,062,546
2017 $17,612 $1,461,131 $419,399 $1,041,732
2016 $16,994 $1,432,502 $411,176 $1,021,326
2015 $17,176 $1,411,000 $405,000 $1,006,000
2014 $5,887 $475,054 $129,278 $345,776
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Ventura County Regional Data Share

MLS Number: V1-13372

Ventura County Regional Data Share

APN: 202-0-044-020