NOT LISTED FOR SALE

2556 Cortez St Oxnard, CA 93036

El Rio Neighborhood

Estimated Value: $1,203,604 - $1,260,000

11 Beds
5 Baths
3,256 Sq Ft
$378/Sq Ft Est. Value

Last Sold March 09, 2022

Last sale price $1,100,000 $338 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $7,713/month

5 Days on Market

Highlights

  • No Units Above
  • 0.8 Acre Lot
  • Tile Flooring
  • All Bedrooms Downstairs
  • Laundry Room
  • Detached Carport Space

About This Home

As of March 2022

Attention all investors! This is the one. 5 units with rental income. Easy access to businesses, freeway and shopping.

Last Agent to Sell the Property

Deborah Poole

Pinnacle Estate Properties, In License #01705287 Listed on: 01/21/2022

Pinnacle Estate Properties, In

Last Buyer's Agent

Jose Luiz Morales

RE/MAX Gold Coast REALTORS License #01891119

RE/MAX Gold Coast REALTORS

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 0.8 Acre Lot
  • Property fronts a county road
  • No Units Above
  • 1 Common Wall
  • Chain Link Fence
  • No Sprinklers

Home Design

  • Property Attached
  • Major Repairs Completed
  • Fixer Upper
  • Raised Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,256 Sq Ft Home
  • Tile Flooring
  • Fire and Smoke Detector

Kitchen

  • Gas Oven
  • Gas Cooktop

Bedrooms and Bathrooms

  • 11 Bedrooms
  • All Bedrooms Down
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside
  • Laundry in Kitchen
  • Gas And Electric Dryer Hookup

Parking

  • 8 Parking Spaces
  • Detached Carport Space
  • Parking Available
  • Driveway

Outdoor Features

  • Exterior Lighting

Utilities

  • Heating System Uses Natural Gas
  • Wall Furnace
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Tract Number 50
  • Assessor Parcel Number 1450190040

Community Details

Overview

  • 3 Buildings
  • 5 Units
  • Cloverdale Subdivision 0394

Building Details

  • 5 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • Insurance Expense $2,000
  • Trash Expense $800
  • Water Sewer Expense $1,500
  • New Taxes Expense $2,922
  • Operating Expense $7,222
  • Gross Income $69,600
  • Net Operating Income $3,800

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: County Road
  • Security: Smoke Detector(s)
  • View: No
  • Water Sewer Expenses: 1500.00
  • Property Condition: Fixer, Repairs Major
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 1450190040
  • Year Built: 1960
  • Special Features: None

Interior Features

  • Fireplace: No
  • Common Walls: 1 Common Wall, No One Above
  • Flooring: Tile
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 337.84
  • Room Type: All Bedrooms Down

Exterior Features

  • Foundation: Raised
  • Fence: Yes
  • Fencing: Chain Link
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Wood Siding

Garage/Parking

  • Parking: Yes
  • Parking Features: Detached Carport, Driveway
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Available, Sewer Connected
  • Sprinklers: No
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Cooktop, Gas Oven
  • Heating Type: Natural Gas, Wall Furnace
  • Laundry Features: Gas & Electric Dryer Hookup, In Kitchen, Outside
  • Sewer: Public Sewer
  • Trash Expense: 800.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Land Lease: No
  • Lot Features: Sprinklers None
  • Lot Size Sq Ft: 35000.00
  • Lot Size Acres: 0.8035

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 69600.00
  • Gross Scheduled Income: 5800.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 35000.0000 Square Feet
  • Net Operating Income: 3800.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Operating Expense: 2000.00
  • Rent Control: No
  • Total Actual Rent: 5800.00
  • Total Expenses: 7222.00

Tax Info

  • New Taxes Expense: 2922.00
  • Tax Tract Number: 50.03

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 21, 2022
Closed on
Feb 7, 2022
Sold by
Julia Calderon
Bought by
Garcia Rogelio and Saqui Emery
Seller's Agent
Deborah Poole
Pinnacle Estate Properties, In
Buyer's Agent
Jose Luiz Morales
RE/MAX Gold Coast REALTORS
List Price
$11,000,000
Sold Price
$1,100,000
Premium/Discount to List
-$9,900,000
-90%
Current Estimated Value
$1,231,802

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$131,802
Avg. Annual Appreciation
3.02%
Original Mortgage
$770,000
Outstanding Balance
$718,138
Interest Rate
3.92%
Mortgage Type
New Conventional
Estimated Equity
$513,664

Purchase Details

Closed on
Sep 14, 2011
Sold by
Calderon Charles Lopez
Bought by
Calderon Julia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$249,000
Interest Rate
4.37%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 25, 2011
Sold by
Gomez Vega Candi
Bought by
Calderon Julia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$249,000
Interest Rate
4.37%
Mortgage Type
Commercial

Purchase Details

Closed on
May 8, 2006
Sold by
Gomez Jennie C
Bought by
Gomez Jennie C

Purchase Details

Closed on
Aug 28, 2001
Sold by
Gerlach Rudolph
Bought by
Gerlach Rudolph
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 Buyer Sale Price Title Company
Garcia Rogelio $1,100,000 Lawyers Title
Calderon Julia -- Ticor Title Company Of Ca
Calderon Julia $226,000 Ticor Title Company Of Ca
Gomez Jennie C -- None Available
Gerlach Rudolph -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Garcia Rogelio $770,000
Previous Owner Calderon Julia $249,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/09/2022 03/09/22 Sold $1,100,000 -90.0% $338 / Sq Ft
01/26/2022 01/26/22 Pending -- -- --
01/21/2022 01/21/22 For Sale $11,000,000 -- $3,378 / Sq Ft
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 $15,106 $1,167,175 $424,483 $742,692
2024 $15,106 $1,144,339 $416,160 $728,179
2023 $14,880 $1,121,950 $408,000 $713,950
2022 $2,934 $92,282 $33,427 $58,855
2021 $2,923 $90,473 $32,772 $57,701
2020 $2,841 $89,547 $32,437 $57,110
2019 $2,815 $87,792 $31,801 $55,991
2018 $2,784 $86,072 $31,178 $54,894
2017 $2,719 $84,385 $30,567 $53,818
2016 $2,694 $82,731 $29,968 $52,763
2015 $2,671 $81,490 $29,519 $51,971
2014 $2,637 $79,896 $28,942 $50,954
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2022

    Deborah Poole

    Pinnacle Estate Properties, In

    (805) 816-0606

    1 in this area

    46 Total Sales

    Deborah Poole
    Section Image
  • Jose Luiz Morales

    Buyer's Agent in 2022

    Jose Luiz Morales

    RE/MAX

    (805) 228-4671

    3 in this area

    398 Total Sales

    Jose Luiz Morales
    Section Image
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Map

Source: Ventura County Regional Data Share

MLS Number: V1-10265

Ventura County Regional Data Share

APN: 145-0-190-040

California Ventura County Oxnard 93036 El Rio

2556 Cortez St, Oxnard, CA

Not Listed for Sale

MultiFamily

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