NOT LISTED FOR SALE
-- Bed
-- Bath
-- Sq Ft
1964 Built

Last Sold August 29, 2022

Last sale price $4,725,000

7 Days on Market

About This Home

As of August 2022

The Villa Salvador Apartments features 20 units spread out over nearly 1 acre in a convenient central Oxnard location 2 blocks south of 5 Points. Layout includes 2 buildings, an onsite laundry room and 20 individually enclosed garages. Great unit mix with (16) 2BD/1BA and (4) 1BD/BA apartments. Separately metered for gas and electricity. Dual pane windows. Improvements of note include new roof, repair of downspouts and trim painting all done within the last 2 years. Current rents are approximately 16% below market allowing for a new owner to increase net operating income over time, subject to local oxnard rent control

Last Agent to Sell the Property

Nick Henry

Beachside Partners License #01748131 Listed on: 05/16/2022

Last Buyer's Agent

Non Member Agent

Non Member Office

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Parking

  • 20 Parking Spaces

Utilities

  • Individual Gas Meter

Community Details

  • 20 Units
  • Gross Income $359,160

Listing and Financial Details

  • Assessor Parcel Number 203-0-080-200

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1964
  • Income Expenses Annual Income: 359160.0
  • Capitalization Rate: 4.1
  • Gross Rent Multiplier: 13.6
  • Monthly Income: 29730.0
  • Meters Sep Meter Elec: Y
  • Meters Sep Meter Gas: Yes
  • Meters Sep Meter Wtr: N
  • Miscellaneous Parking Spaces: 20.0
  • Property Information Year Built2: 1964
  • NeighborhoodSchools Elementary School: Other
  • NeighborhoodSchools Junior High School: Other
  • NeighborhoodSchools High School: Other
  • Special Features: None
  • Property Sub Type: MultiFamily

Garage/Parking

  • Total Parking Spaces: 20.0

Schools

  • Elementary School: Other
  • High School: Other
  • Middle Or Junior School: Other

Lot Info

  • Parcel #: 203-0-080-200
  • Zoning: Other

Multi Family

  • Number Of Units Total: 20
  • Annual Gross Income: 359160.0
  • Total Actual Rent: 29730.0
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/29/2022 08/29/22 Sold $4,725,000 0.0% --
08/21/2022 08/21/22 Off Market $4,725,000 -- --
05/23/2022 05/23/22 Pending -- -- --
05/16/2022 05/16/22 For Sale $4,900,000 -- --
Source: Santa Barbara Multiple Listing Service

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 $59,702 $4,915,486 $1,872,720 $3,042,766
2024 $59,702 $4,819,300 $1,836,000 $2,983,300
2023 $57,528 $4,725,000 $1,800,000 $2,925,000
2022 $18,769 $1,532,399 $469,130 $1,063,269
2021 $18,621 $1,502,352 $459,931 $1,042,421
2020 $18,961 $1,486,949 $455,216 $1,031,733
2019 $18,434 $1,457,794 $446,291 $1,011,503
2018 $18,180 $1,429,211 $437,541 $991,670
2017 $17,269 $1,401,188 $428,962 $972,226
2016 $16,675 $1,373,714 $420,551 $953,163
2015 $16,848 $1,353,082 $414,235 $938,847
2014 $16,667 $1,326,579 $406,122 $920,457
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 22-1562

Santa Barbara Multiple Listing Service
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