$1,670,000
SOLD MAY 16, 2025
8 Beds
6 Baths
-- Sq Ft
0.34 Acres

Recently Sold

1% Below List Price

71 Days on Market

Highlights

  • 0.34 Acre Lot
  • 3 Car Garage
  • Wall Furnace
  • 2 Detached Carport Spaces
  • Wood Fence
  • 4-minute walk to Johnson Creek Park

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 Specialis License #00682741 Listed on: 03/06/2025

Apartment Investment Specialis

Last Buyer's Agent

Craig Lieberman

Apartment Investment Specialis License #00682741 Listed on: 03/06/2025

Apartment Investment Specialis

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1953

Lot Details

  • 0.34 Acre Lot
  • No Common Walls
  • Wood Fence
  • Stucco Fence
  • No Sprinklers

Parking

  • 3 Car Garage
  • 2 Detached Carport Spaces
  • Parking Available

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Bathrooms

Additional Features

  • Gas Range
  • Exterior Lighting
  • Wall Furnace

Listing and Financial Details

  • Assessor Parcel Number 2220160020

Community Details

Overview

  • 4 Buildings
  • 6 Units

Building Details

  • Rent Control
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Fuel Expense $96
  • Insurance Expense $3,700
  • Professional Management Expense $6,542
  • Trash Expense $2,400
  • Water Sewer Expense $6,000
  • Operating Expense $47,306
  • Gross Income $134,880
  • Net Operating Income $83,528

Property Details

Home Type

Multi-Family

Year Built

Built in 1953

Lot Details

0

Parking

3

Listing Details

  • Assessments: No
  • Professional Management Expense: 6542.00
  • Property Attached: No
  • Subdivision Name Other: Not Applicable
  • View: No
  • Water Sewer Expenses: 6000.00
  • Property Type: Residential Income
  • Parcel Number: 2220160020
  • Year Built: 1953
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Appliances: Yes

Exterior Features

  • Fence: Yes
  • Fencing: Stucco Wall, Wood
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Carport Spaces: 2.00
  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Detached Carport, Garage
  • Total Parking Spaces: 9.00

Utilities

  • Sprinklers: No
  • Heating: Yes
  • Laundry: No
  • Appliances: Refrigerator, Gas Range
  • Heating Type: Wall Furnace
  • Trash Expense: 2400.00

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Land Lease: No
  • Lot Features: Sprinklers None
  • Lot Size Sq Ft: 14810.00
  • Lot Size Acres: 0.3400

Multi Family

  • Fuel Expense: 96.00
  • Gross Income: 134880.00
  • Gross Scheduled Income: 134880.00
  • Insurance Expense: 3700.00
  • Lot Size Area: 14810.0000 Square Feet
  • Net Operating Income: 83528.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Operating Expense: 47306.00
  • Rent Control: Yes
  • Total Expenses: 47306.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 6, 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 Specialis
Buyer's Agent
Craig Lieberman
Apartment Investment Specialists, Inc
List Price
$1,695,000
Sold Price
$1,670,000
Premium/Discount to List
-$25,000
-1.47%
Views
14
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
-4.12%
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 Specialis
Buyer's Agent
Craig Lieberman
Apartment Investment Specialists, Inc
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
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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 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% --
03/06/2025 03/06/25 For Sale $1,695,000 +92.6% --
05/14/2015 05/14/15 Sold $880,000 -1.7% -- View Prior Sale
05/13/2015 05/13/15 Pending -- -- --
03/05/2015 03/05/15 For Sale $895,000 -- --
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 $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: Ventura County Regional Data Share

MLS Number: V1-28531

Ventura County Regional Data Share

APN: 222-0-160-020