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

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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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

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 Compared to Growth

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