NOT LISTED FOR SALE

1834 Pericles Place Oxnard, CA 93033

Lemonwood Eastmont Neighborhood
1 Bed
1 Bath
9,916 Sq Ft
0.92 Acres

Last Sold November 24, 2015

Last sale price $2,000,000 $202 Per Sq Ft

53 Days on Market

Highlights

  • 0.92 Acre Lot
  • Living Room
  • Formal Entry
  • Property is near public transit
  • Laundry Room
  • 18 Detached Carport Spaces

About This Home

As of November 2015

18 unit apartment complex on large, oversized almost 1 acre lot. (3) single story buildings. All units are 1-bedroom + 1 bath. Separately metered for electricity & gas. Each unit has its own water heater. Includes AP#220-0-092-081 & 222-0-092-082 parcels totaling approximately 40,071 square feet. Larger land area offers more privacy for tenants. Built in 1974 (Buyer to verify with city). Carport area for each tenant. Laundry room for extra income. Some rents under market. Good historical low vacancy. Excellent per unit price of $115,277! Excellent actual Gross Rent Multiplyer of 10.70! Terrific deal on the market!

Last Agent to Sell the Property

Douglas Kubiske

RE/MAX Gold Coast REALTORS License #01005725 Listed on: 10/01/2015

RE/MAX Gold Coast REALTORS

Last Buyer's Agent

Douglas Kubiske

RE/MAX Gold Coast REALTORS License #01005725 Listed on: 10/01/2015

RE/MAX Gold Coast REALTORS

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1974

Lot Details

  • 0.92 Acre Lot
  • Paved or Partially Paved Lot
  • Irregular Lot

Home Design

  • Shingle Roof
  • Composition Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 9,916 Sq Ft Home
  • 1-Story Property
  • Formal Entry
  • Living Room
  • Formica Countertops

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 18 Parking Spaces
  • 18 Detached Carport Spaces
  • Parking Available

Utilities

  • Heating System Uses Natural Gas
  • Wall Furnace

Additional Features

  • Exterior Lighting
  • Property is near public transit

Listing and Financial Details

  • Assessor Parcel Number 2200092082

Community Details

Overview

  • 3 Buildings
  • 18 Units
  • Maintained Community

Amenities

  • Laundry Facilities

Building Details

  • 18 Leased Units
  • 18 Separate Electric Meters
  • 18 Separate Gas Meters
  • Electric Expense $1,200
  • Gardener Expense $2,000
  • Insurance Expense $10,000
  • Maintenance Expense $2,400
  • Other Expense $10,000
  • Professional Management Expense $9,857
  • Supplies Expense $2,000
  • Water Sewer Expense $17,000
  • Gross Income $16,160
  • Net Operating Income $105,081

Property Details

Home Type

Multi-Family

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 5.06
  • Professional Management Expense: 9857.00
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Supplies Expense: 2000.00
  • View: No
  • Water Sewer Expenses: 17000.00
  • Zoning: R2PD
  • Architectural Style: Ranch
  • Property Type: Residential Income
  • Gardener Expense: 2000.00
  • Parcel Number: 2200092082
  • Year Built: 1974
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Formica Counters
  • Stories: 1
  • Flooring: Carpet, Vinyl
  • Levels: One
  • Price Per Square Foot: 201.69
  • Room Type: Formal Entry, Living Room, Main Floor Bedroom

Exterior Features

  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Carport Spaces: 18.00
  • Parking: Yes
  • Parking Features: Covered, Carport, Detached Carport
  • Total Parking Spaces: 18.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Natural Gas, Wall Furnace
  • Laundry Features: Community
  • Water Source: Public

Condo/Co-op/Association

  • Amenities: Maintenance Grounds
  • Community Features: Curbs, Street Lights

Lot Info

  • Lot Features: Irregular Lot, Paved, Ranch, Near Public Transit
  • Lot Size Sq Ft: 40074.00
  • Lot Size Acres: 0.9200

Multi Family

  • Electric Expense: 1200.00
  • Gross Income: 16160.00
  • Gross Multiplier: 10.70
  • Insurance Expense: 10000.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 40074.0000 Square Feet
  • Maintenance Expense: 2400.00
  • Net Operating Income: 105081.00
  • Number Of Separate Electric Meters: 18
  • Number Of Separate Gas Meters: 18
  • Number Of Units Leased: 18
  • Number Of Units Total: 18
  • Other Expense: 10000.00
  • Vacancy Allowance Rate: 3.00

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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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
11/24/2015 11/24/15 Sold $2,000,000 -3.6% $202 / Sq Ft
11/23/2015 11/23/15 Pending -- -- --
10/01/2015 10/01/15 For Sale $2,075,000 -- $209 / Sq Ft
Source: Ventura County Regional Data Share

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Douglas Kubiske

    Seller's Agent in 2015

    Douglas Kubiske

    RE/MAX

    (805) 443-8957

    2 in this area

    58 Total Sales

    Douglas Kubiske
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Map

Source: Ventura County Regional Data Share

MLS Number: 215015058

Ventura County Regional Data Share

APN: 220-0-092-082

California Ventura County Oxnard 93033 Lemonwood Eastmont

1834 Pericles Place, Oxnard, CA

Not Listed for Sale

MultiFamily

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