NOT LISTED FOR SALE

1335 Devonshire Dr Unit D Oxnard, CA 93030

Fremont North Neighborhood
8 Beds
4 Baths
3,793 Sq Ft
7,424 Sq Ft Lot

Last Sold January 29, 2021

Last sale price $975,000 $257 Per Sq Ft

13 Days on Market

Highlights

  • Property is near public transit
  • Rectangular Lot
  • Front Yard
  • Laundry Room

About This Home

As of January 2021

We are pleased to present this 4 unit apartment building with excellent cash flow in Oxnard. Oxnard is home to major industries such as biotechnology, health care, education, agriculture, a military base and tourism due to the beautiful beaches. Oxnard is an easy commute to Los Angeles and Santa Barbara. The building consists of 4 Two bedroom, one bath units, one of which is very generous sized. There is on-site garage parking for each tenant and the largest unit is afforded a double car garage. The exterior has been freshly painted and two of the units have extensive remodeling. The generous sized back upper unit has a large new kitchen that includes new cabinets, stainless appliances, quartz counters and a breakfast bar. There is new laminate flooring throughout the unit and a large covered patio that is accessed from the new sliding glass doors in the living room. The bathroom is also completely remodeled and there is new lighting throughout and new ceiling fans. The other remodeled unit downstairs also has laminate wood flooring, an updated kitchen and new bathroom. There is upside in rent in two of the units and a finished laundry room that could increase the revenue. This is a rare opportunity to purchase a cash flowing fourplex.

Last Agent to Sell the Property

Joyce Starleaf

Equity Union License #00782682 Listed on: 11/16/2020

Equity Union

Co-Listed By

Alison Tideback

Equity Union License #01334601

Last Buyer's Agent

Joyce Starleaf

Equity Union License #00782682 Listed on: 11/16/2020

Equity Union

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 7,424 Sq Ft Lot
  • Two or More Common Walls
  • Rectangular Lot
  • Front Yard

Parking

  • 5 Car Garage

Home Design

  • 3,793 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Additional Features

  • Laundry Room
  • Property is near public transit

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Legal Lot and Block 7 / 31
  • Tax Tract Number 106700
  • Assessor Parcel Number 2000151045

Community Details

Overview

  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $3,600
  • Insurance Expense $1,148
  • Trash Expense $1,200
  • Water Sewer Expense $5,280
  • New Taxes Expense $9,500
  • Operating Expense $21,478
  • Gross Income $79,800
  • Net Operating Income $47,762

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0

Parking

5

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Fremont Square
  • Water Sewer Expenses: 5280.00
  • Zoning: R3
  • Property Type: Residential Income
  • Gardener Expense: 3600.00
  • Parcel Number: 2000151045
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 257.05

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 5.00

Utilities

  • Laundry: Yes
  • Sewer: Public Sewer
  • Trash Expense: 1200.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Lot 6500-9999, Rectangular Lot, Near Public Transit
  • Lot Size Sq Ft: 7424.00
  • Lot Size Acres: 0.1704

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 79800.00
  • Gross Multiplier: 11.89
  • Gross Scheduled Income: 79800.00
  • Insurance Expense: 1148.00
  • Lot Size Area: 7424.0000 Square Feet
  • Net Operating Income: 47762.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 21478.00
  • Rent Control: No
  • Total Actual Rent: 6650.00
  • Total Expenses: 21478.00

Tax Info

  • New Taxes Expense: 9500.00
  • Tax Block: 31
  • Tax Census Tract: 33.00
  • Tax Lot: 7
  • Tax Tract Number: 106700
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
01/29/2021 01/29/21 Sold $975,000 +2.7% $257 / Sq Ft
11/29/2020 11/29/20 Pending -- -- --
11/16/2020 11/16/20 For Sale $949,000 -- $250 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $12,793 $1,055,370 $649,458 $405,912
2024 $12,793 $1,034,677 $636,724 $397,953
2023 $12,326 $1,014,390 $624,240 $390,150
2022 $11,954 $994,500 $612,000 $382,500
2021 $10,088 $828,495 $530,439 $298,056
2020 $10,276 $820,000 $525,000 $295,000
2019 $4,880 $389,807 $145,992 $243,815
2018 $4,812 $382,165 $143,130 $239,035
2017 $4,569 $374,673 $140,324 $234,349
2016 $4,410 $367,327 $137,573 $229,754
2015 $4,457 $361,810 $135,507 $226,303
2014 $4,408 $354,724 $132,853 $221,871
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: BB20240185

California Regional Multiple Listing Service (CRMLS)