$1,670,000
SOLD MAY 16, 2025
-- Bed
-- Bath
-- Sq Ft
0.34 Acres

Recently Sold

1% Below List Price

24 Days on Market

About This Home

As of May 2025

This six-unit apartment property, owned by the seller for more than 10 years, is
located in the south part of Oxnard, just to the east of Saviers Rd (across from
the DMV).

The tenant community at the property has moved in to the property at various
times throughout the years, but offers a buyer significant upside with its under
market rents. As such, the new owner can expect several years of consistent
rent increases at the maximum annual rent increase percentage under
Oxnard's current Rent Stabilization Ordinance (RSO).

For almost the entire length of ownership, the seller has been updating the
property with quality materials and workmanship.

Last Agent to Sell the Property

Craig Lieberman

Apartment Investment Specialists License #00682741 Listed on: 03/07/2025

Apartment Investment Specialists

Last Buyer's Agent

Craig Lieberman

Apartment Investment Specialists License #00682741 Listed on: 03/07/2025

Apartment Investment Specialists

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1953

Parking

  • 9 Car Garage
  • Carport
  • Uncovered Parking

Utilities

  • Individual Gas Meter

Listing and Financial Details

  • Assessor Parcel Number 222-0-160-020

Community Details

Overview

  • 6 Units

Building Details

  • Operating Expense $47,306
  • Gross Income $134,880

Property Details

Home Type

Multi-Family

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1953
  • Income Expenses Annual Income: 134880.0
  • Annual Expenses: 47306.0
  • Meters Sep Meter Elec: Y
  • Meters Sep Meter Gas: Yes
  • Meters Sep Meter Wtr: N
  • Miscellaneous Parking Spaces: 9.0
  • Garage Yn: Yes
  • Property Information Year Built2: 1953
  • NeighborhoodSchools Elementary School: Other
  • NeighborhoodSchools Junior High School: Other
  • NeighborhoodSchools High School: Other
  • Parking Info Carport2: Yes
  • Parking Info Uncovered: Yes
  • Parking Info Garages: Yes
  • Status Information Seller Concessions3: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Garage/Parking

  • Parking Features: Garages, Carport, Uncovered
  • Total Parking Spaces: 9.0

Schools

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

Lot Info

  • Parcel #: 222-0-160-020
  • Zoning: R-1

Multi Family

  • Number Of Units Total: 6
  • Annual Gross Income: 134880.0
  • Annual Operating Expense: 47306.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 7, 2025
Closed on
Apr 14, 2025
Sold by
Thomas W And Diane Muscarella Family Tru and Muscarella Thomas W
Bought by
Aerius Properties Llc
Seller's Agent
Craig Lieberman
Apartment Investment Specialists
Buyer's Agent
Craig Lieberman
Apartment Investment Specialists
List Price
$1,695,000
Sold Price
$1,670,000
Premium/Discount to List
-$25,000
-1.47%
Views
23
Current Estimated Value
$1,631,117

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$38,883
Avg. Annual Appreciation
-3.79%
Original Mortgage
$720,000
Outstanding Balance
$716,798
Interest Rate
6.64%
Mortgage Type
New Conventional
Estimated Equity
$914,319

Purchase Details

Listed on
Mar 5, 2015
Closed on
Mar 24, 2015
Sold by
Moss Marlon D
Bought by
Thomas W & Diane Muscarella Family Trust and Muscarella Diane
Seller's Agent
Craig Lieberman
Apartment Investment Specialists
Buyer's Agent
Craig Lieberman
Apartment Investment Specialists
List Price
$895,000
Sold Price
$880,000
Premium/Discount to List
-$15,000
-1.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.61%
Original Mortgage
$616,000
Interest Rate
3.64%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 29, 1999
Sold by
Christine Smith
Bought by
Smith Christine
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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 Type Sale Price Title Company
Grant Deed $1,670,000 Stewart Title Of California
Grant Deed $880,000 Chicago Title Company
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $720,000 New Conventional
Previous Owner $616,000 Commercial
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/16/2025 05/16/25 Sold $1,670,000 -1.5% --
03/31/2025 03/31/25 Pending -- -- --
03/07/2025 03/07/25 For Sale $1,695,000 +92.6% --
05/14/2015 05/14/15 Sold $880,000 -1.7% -- View Prior Sale
03/20/2015 03/20/15 Pending -- -- --
03/05/2015 03/05/15 For Sale $895,000 -- --
Source: Santa Barbara Multiple Listing Service

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 $12,614 $1,057,619 $360,551 $697,068
2024 $12,614 $1,036,882 $353,482 $683,400
2023 $11,871 $1,016,551 $346,551 $670,000
2022 $11,626 $996,619 $339,756 $656,863
2021 $11,771 $977,078 $333,094 $643,984
2020 $11,989 $967,062 $329,680 $637,382
2019 $11,629 $948,101 $323,216 $624,885
2018 $11,201 $929,512 $316,879 $612,633
2017 $10,837 $911,287 $310,666 $600,621
2016 $10,319 $893,420 $304,575 $588,845
2015 $4,849 $403,180 $207,344 $195,836
2014 -- $395,284 $203,284 $192,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 25-964

Santa Barbara Multiple Listing Service

APN: 222-0-160-020